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What does it means if sundry creditor hava a debit balance and credit balance?
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.
Is a increase in cash a debit?
Cash has a debit balance as normal default balance so more debit means increase in cash while credit means decrease in cash.
Why does purchases account have a debit balance?
Either you can consider purchase is an expense and a debit balance or an asset an a debit balance
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Is a decrease in prepaid rent a debit or a credit?
Prepaid Rent is an asset, therefore to decrease the asset (or use up the rent) a decrease would be a credit. Assets generally maintain a debit balance, which means to increase the balance we debit and to decrease the balance we credit.
What does it means if sundry creditor hava a debit balance and credit balance?
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.
Is a increase in cash a debit?
Cash has a debit balance as normal default balance so more debit means increase in cash while credit means decrease in cash.
What is the meaning of debit balace in income and expenditure account?
Debit Balance- means outstanding balance, meaning you need to pay it! Credit Balance- means you have over paid.
How can you add your credit cards to Passbook in iOS6?
BillGuard for Passbook is now integrated with Apple's Passbook, offering consumers a secure way to get on-the-go notifications of all their credit and debit card transactions in one place. Specifically, BillGuard for Passbook brings your credit/debit card transactions and balances to Passbook and notifies users of any questionable transactions via real-time alerts.
Is service revenue a debit?
Revenues has credit balance as default balance and as services revenue is also a revenue account it means it should have credit balance as well and not a debit balance.
How can i check my balance in my account?
Go to your bank, present your card or passbook, ask for a balance.
Expenses are to be debit or credit?
An Expense would normally have a debit balance.
Why does purchases account have a debit balance?
Either you can consider purchase is an expense and a debit balance or an asset an a debit balance
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Is a decrease in prepaid rent a debit or a credit?
Prepaid Rent is an asset, therefore to decrease the asset (or use up the rent) a decrease would be a credit. Assets generally maintain a debit balance, which means to increase the balance we debit and to decrease the balance we credit.
Will a debit increase sales?
Sales has credit balance as default balance so it means only credit can increase the sales and that;s why all debit reduces the sales because it is reverse of credit balance.
What is meant by debit balance of cash book?
Cash Account is a real account and also the asset of company and assets have normally debit balance according to basic accounting rules.So debit balance of cash means we have positive amount in cash account and will be shown as asset in balance sheet.But banks also provide overdraft facilities as well in this case we have normally credit balance of cash which means that we have negative balance in cash account and so it is liability of company to clear bank overdraft and make cash balance debit again.
