that would be debit, because a credit card has a certain amount you can use, HOWEVER; i believe you can overdraw on BOTH of them depending on your credit, and what bank you're useing. hope this helps.
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
debit
debit balance
Debit in your Income statement credit in your balance sheet.
it is a debit balance because it decreases owner's equity, which has credit balance.
credit
it is a debit balance because it decreases owner's equity, which has credit balance.
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
debit
debit balance
Debit in your Income statement credit in your balance sheet.
it is a debit balance because it decreases owner's equity, which has credit balance.
Debit
Assets maintain a Debit balance and therefore any asset with a positive balance will be listed on the "debit" side of the account. The credit side of the T account for assets is used only to DECREASE that asset. For example Cash is an asset account and it's balance is listed on the Debit side, now your company spends "x" amount of dollars, that entry will be listed on the Credit side to decrease the cash account. If at anytime your Debit side of the asset is less than your Credit side it means that you have a LOSS. For example, you have $1,000 in your cash account and you record $1500 (credit) to the account. Your account will be listed as "OVERDRAWN" and will have a Credit Balance of $500, this of course is not acceptable. A company can never have a higher Credit balance than a Debit balance in their assets.
credit
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
It has debit balance as investment is an asset and all assets have debit balance .