Premises are business assets so same like all other assets premises balance is debit balance as normal balance.
latter of cedit expenses is debit and cash credit
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
In a trial balance, the Building account typically represents the value of a company's property or premises and is classified as a fixed asset. It usually appears on the debit side of the trial balance, reflecting the cost of the building. This is because assets increase with debits, while liabilities and equity accounts increase with credits. Thus, the Building account is generally recorded as a debit balance.
premises is an asset
latter of cedit expenses is debit and cash credit
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.
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
a big no
yes
Services revenue is also a revenue and like all revenue accounts which have credit balance as normal balance, services revenue also has a credit balance.
Maintaining a good cedit rating
A cedit line is usullay facts in art.
you buy them with a debt or cedit card on live
on the premises
It does not match your Premises. That is how we can use Premises.