debit
debit cash; credit merchandise inventory
Inventory is an asset, and so it is a debit to increase, and a credit to decrease.
debit
DEBIT
Merchandise Inventory is an asset account, so the normal balance is Debit.
debit cash; credit merchandise inventory
Inventory is an asset, and so it is a debit to increase, and a credit to decrease.
If the inventory is fiananced it is debit... If you own it is credit...
debit
DEBIT
Debit
Merchandise Inventory is an asset account, so the normal balance is Debit.
credit
Debit
The normal balance of Cost of Merchandise Sold (COMS) is a debit balance. This is because COMS represents an expense associated with the goods that a company sells, and expenses typically carry a debit balance in accounting. When merchandise is sold, the cost is recorded as a debit to COMS and a credit to inventory.
debit buddy
Opening inventory Debit Cost of Sales Credit Inventory - balance sheet Closing inventory Debit Inventory - balance sheet Credit Cost of Sales An opening inventory is a debit as it is an increase is expenses as the opening inventory is expected to be sold in the coming accounting period. and any thing that is spent to provide goods or services to a customer is an expense.