debit
The normal balance of "freight in" is a debit. This account represents the cost of shipping goods to a business and is recorded as an expense, increasing the overall cost of inventory. When freight in is debited, it reflects the additional expenses incurred to acquire inventory, which ultimately affects the cost of goods sold when the inventory is sold.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
All revenue accounts has credit balance as a normal balance
It has a normal balance of a credit.
The normal balance of "freight in" is a debit. This account represents the cost of shipping goods to a business and is recorded as an expense, increasing the overall cost of inventory. When freight in is debited, it reflects the additional expenses incurred to acquire inventory, which ultimately affects the cost of goods sold when the inventory is sold.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
All revenue accounts has credit balance as a normal balance
It has a normal balance of a credit.
It has no normal balance.
normal balance of retained earnings: credit.
the normal balance of accumulated depreciation is "credit"
SPECIAL
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
Does work-in-process has a normal balance as a debit or credit
False. Normal Credit Balance.