debit
Merchandise Inventory is an asset account, so the normal balance is Debit.
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.
Merchandise Inventory is an asset account that shows up on the balance sheet.
Current Asset
As a current asset
Merchandise Inventory is an asset account, so the normal balance is Debit.
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.
Merchandise Inventory is an asset account that shows up on the balance sheet.
As a current asset
Current Asset
it is an asset
Amount of merchandise inventory is disclosed at the bottom of the financial statement under balance sheet.
No, inventory is an assets, which normal balance is a debit.
d. sales
Sales Returns and Allowances
7
Inventory is an asset account. They normally have a debit balance.