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Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Is net income a debit or credit?
does net income have a normal debit or credit balance
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Does listing commission income have a debit or credit balance?
credit
Do expenses have credit or debit?
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Is net income a debit or credit?
does net income have a normal debit or credit balance
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is Fees income a credit or debit balance?
credit
Does listing commission income have a debit or credit balance?
credit
Is net income recorded on the worksheet in the Income Statement Debit column and the Balance Sheet Credit column?
debit column of the income statement and the credit column of the balance sheet.
Do expenses have credit or debit?
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
Does an expense normally have a credit or debit balance?
Expenses maintain a debit balance. They are opposite accounts to Revenue which maintains a credit balance. Gross Income (Gross Revenue) - Expenses = Net Income
Why equity account have a credit balance?
Because equity is an income - therefore it is a credit, not a debit.
Is earned income nomal balance a debit?
All incomes has credit balance as a default normal balance so earned income also has credit balance as default normal balance.
Is an investment credit or debit?
Debit
Is investment credit or debit?
Debit
