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What is the normal balance of the merchandise inventory account?
Merchandise Inventory is an asset account, so the normal balance is Debit.
Merchandise inventory has a normal debit balance?
Mechandise inventory is a current asset which is used in manufacturing of units of products or resale purpose that's why it is asset of business and has debit balance as normal balance.
What type of account is Merchandise Inventory?
Merchandise Inventory is an asset account that shows up on the balance sheet.
Merchandise inventory is classified on the balance sheet as a?
Current Asset
How is merchandise inventory classified on the balance sheet?
As a current asset
What is the normal balance of the merchandise inventory account?
Merchandise Inventory is an asset account, so the normal balance is Debit.
Merchandise inventory has a normal debit balance?
Mechandise inventory is a current asset which is used in manufacturing of units of products or resale purpose that's why it is asset of business and has debit balance as normal balance.
What type of account is Merchandise Inventory?
Merchandise Inventory is an asset account that shows up on the balance sheet.
How is merchandise inventory classified on the balance sheet?
As a current asset
Merchandise inventory is classified on the balance sheet as a?
Current Asset
How is merchandise inventory normally presented on a balance sheet?
it is an asset
Where is the amount of merchandise inventory disclosed in the financial statements?
Amount of merchandise inventory is disclosed at the bottom of the financial statement under balance sheet.
Does inventory normally have a credit balance?
No, inventory is an assets, which normal balance is a debit.
Which of the following accounts has a normal credit balance.. a. Merchandise Inventory b. Delivery Expense c. Sales Returns and Allowances d. Sales?
d. sales
What accounts has a normal debit balance a Merchandise Inventory b Delivery Expense c Sales Returns and Allowances d Sales?
Sales Returns and Allowances
Merchandise inventory is reported as a long-term asset on the balance sheet?
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Does inventory account have a normal debit balance?
Inventory is an asset account. They normally have a debit balance.
