debit
The normal balance of the purchases account is a debit. This account is used to record the cost of goods acquired for resale, and since it increases with debits, its normal balance reflects this. When a purchase is made, the purchases account is debited to indicate an increase in expenses.
a debit and credit
A purchase you make is a DEBIT against your account.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
The normal balance of the purchases account is a debit. This account is used to record the cost of goods acquired for resale, and since it increases with debits, its normal balance reflects this. When a purchase is made, the purchases account is debited to indicate an increase in expenses.
a debit and credit
a debit and credit
a debit and credit
A purchase you make is a DEBIT against your account.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
true
Drawings is a contra account. Debit is the normal balance of Drawing account.
It has no normal balance.
Additional Paid-in Capital is a normal credit balance account.
Merchandise Inventory is an asset account, so the normal balance is Debit.
Cash account normally has debit balance.