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Dictionary says 'opposite of credit' thus it is an amount payed towards an amount owed.
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Is prepaid insurance a debit or credit?
Debit
Is drawing debit or credit?
its debit.
What does a debit do to balance sheet?
The exact definition of debit is The amount entered on the left side of the account. Depending on what account a debit is being entered in, makes the difference as to what happens on the Balance Sheet. An Asset that has a debit balance is increased by a debit, thus increasing assets. A liability (which generally has a credit balance) will be decreased by a debit. Hence, debiting assets such as Cash, Accounts Receivable, Supplies, Equipment, etc will increase Assets on the balance sheet. Debiting liability accounts such as accounts payable, notes payable, etc, will "decrease" said liability therefore decreasing liabilities on the balance sheet.
Is wages expense credit or debit?
Debit, debit increasing wages
Does interest payable a debit or credit?
Interest payable is debit.
What the definition of expenses in accounting rules?
debit all expenses and losses
What is definition of bank management?
the bank management is actually the manging of debit-equity ratio which provides profit and loss assessment to banks
Is prepaid insurance a debit or credit?
Debit
Is drawing debit or credit?
its debit.
What does a debit do to balance sheet?
The exact definition of debit is The amount entered on the left side of the account. Depending on what account a debit is being entered in, makes the difference as to what happens on the Balance Sheet. An Asset that has a debit balance is increased by a debit, thus increasing assets. A liability (which generally has a credit balance) will be decreased by a debit. Hence, debiting assets such as Cash, Accounts Receivable, Supplies, Equipment, etc will increase Assets on the balance sheet. Debiting liability accounts such as accounts payable, notes payable, etc, will "decrease" said liability therefore decreasing liabilities on the balance sheet.
What are consumer debit cards?
The consumer debit cards are Government debit cards,Banking USA debit crads and Lakeland Bank debit cards and Prepaid debit cards. Most of all banks has their own debit cards.
What are visa cards?
its a debit cards. its a debit cards. its a debit cards.
Does interest payable a debit or credit?
Interest payable is debit.
Is wages expense credit or debit?
Debit, debit increasing wages
Definition of contra equity?
Contra Equity refers to an equity account with a normal debit balance, where as other standard equity accounts have normal credit balances. Expense accounts are contra equity accounts because they are used to find totals for a debit of the owner's equity account.
Is cash is an debit or credit?
debit
Payment is it credit or debit?
DEbit
