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What else can I help you with?
Are prepaid accounts increased by a credit or debit?
yes
Is prepaid insurance a debit or credit?
Debit
What accounts will normally maintain a credit balance prepaid taxes interest income rent expense equipment?
Prepaid taxes and equipment are asset accounts, so would normally have a debit balance. Rent expense is an expense account, so would normally have a debit balance. Liability, equity, and income accounts normally have credit balances.
Does prepaid insurance carry a credit or debit balance?
Prepaid insurance is amount paid in advance that's why it is an asset of business and like all other assets accounts it also has debit balance as normal balance.
A balance of a prepaid expence account is normally DEBIT OR CREdit?
Prepaid Expenses would normally have a debit balance.
Are prepaid accounts increased by a credit or debit?
yes
Is prepaid insurance a debit or credit?
Debit
What accounts will normally maintain a credit balance prepaid taxes interest income rent expense equipment?
Prepaid taxes and equipment are asset accounts, so would normally have a debit balance. Rent expense is an expense account, so would normally have a debit balance. Liability, equity, and income accounts normally have credit balances.
Does prepaid insurance carry a credit or debit balance?
Prepaid insurance is amount paid in advance that's why it is an asset of business and like all other assets accounts it also has debit balance as normal balance.
What is Decrease in Prepaid Rent a credit or debit?
. Credit
A balance of a prepaid expence account is normally DEBIT OR CREdit?
Prepaid Expenses would normally have a debit balance.
Does visa offer a prepaid credit card?
Yes you can purchase a prepaid debit or credit card with the visa logo.
Is prepaid expense a debit or credit?
It is an asset, therefore a debit (on initial recognition). It is credited as the prepaid expenses are actually received (expensed out)
Can you use your walmart prepaig card to get into your account?
You can use a prepaid Walmart card to use on almost all accounts that call for a credit/debit card.
A decrease to accounts payable is a debit or credit?
debit
Is rates and taxes debit or credit?
It is debit on your accounts
How do you record prepaid rent?
[Debit] Prepaid Rent xxxx [Credit] Cash / bank xxxx
