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What else can I help you with?
Which account represents a debit balance on a ledger account?
assets have debit balances.
The normal balance for an asset account is?
debit balances
Can creditors account have debit balance?
creditors have debit balances as advances receive from creditors..........
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.
What will be the journal entry Paid creditor on account?
Debit accounts payableCredit cash / bank
Which account represents a debit balance on a ledger account?
assets have debit balances.
The normal balance for an asset account is?
debit balances
Can creditors account have debit balance?
creditors have debit balances as advances receive from creditors..........
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.
Can a creditor get a judgment and attach your debit card?
They wouldn't attach a debit card, they would attach the bank account. If there is a debit card the account is connected to, I suppose you could say they've attached it.
What will be the journal entry Paid creditor on account?
Debit accounts payableCredit cash / bank
Do revenues have a credit or debit balances?
Revenue is an Owners Equity account therefore has a Credit Balance:
Which account decreases when debit?
All those accounts decreases with debit which normal or default balances are credit for example all liabilities or incomes are decreased with debits because their default balances are credit balance.
Discount allowed by creditors show you the debit and credit?
You would debit the creditor account and credit the expense it relates to or discounts allowed if you want to show them separately.
Debit card and credit card?
A debit card is connected directly to a bank account. The money being charged must be present in the account. A credit card is used with a promise to pay the creditor in the future.
What is the journal entries when cheque issued to creditors?
debit accounts payablecredit bank account
What balances have debit or credit balances?
Assets, Expenses and Losses have native debit balances. Liabilities, Stockholders' equity, Revenues, and Gains have native credit balances.
