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Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
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What is the normal balance of income summary?
It has no normal balance.
What is normal balance of a revenue?
All revenue accounts has credit balance as a normal balance
What is the normal balance of unearned rent?
It has a normal balance of a credit.
What is the normal account balance of Income Summary?
It has no normal balance.
What is the normal balance for accounts payable?
Accounts payable is a liability account and all liability accounts have credit balance as normal balance so accounts payable is also credit as a normal balance
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
What is the purpose of a withdrawal slip?
To help you balance your bank account.
What is the normal balance of income summary?
It has no normal balance.
What is normal balance of a revenue?
All revenue accounts has credit balance as a normal balance
What is the normal balance of unearned rent?
It has a normal balance of a credit.
What is the normal account balance of Income Summary?
It has no normal balance.
What is the definition of bank overdraft?
Withdrawal of money in excess of credit balance
What is the normal balance of accumulated depreciation?
the normal balance of accumulated depreciation is "credit"
What is the normal balance of retained earnings?
normal balance of retained earnings: credit.
What is the maximum amt withdrawal limit from an ATM?
You can usually withdraw any amount up to the balance in your account. You can do this by just visiting your bank branch and submitting a withdrawal request. But, if you are using an ATM, there are daily withdrawal and cash dispensing limits and hence the amount you can get might be limited to your bank balance or the daily withdrawal limit. Usually this withdrawal limit is Rs. 25000 or Rs. 50000 depending on the bank and your account type.
The current balance in checkbook register 766.34 uncleared checks 19.00 cash withdrawal not yet posted on the statement 200 the adjusted balance is now?
You start with a balance of 766.34 and are subtracting the 19.00 for the check and subtracting the 200.00 for the cash withdrawal or 766.34 - 200 - 19 = 547.34.
IS physical balance a normal balance or special balance?
SPECIAL
