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What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
Is carriage outwards a debit or credit balance?
It's Debit.
To which side carriage inward is normally debited to?
it is debited to Trading A/cas carriage inward here rule debit what comes in credit what goes out applies
Do you debit or credit carriage inwards in trial balance?
both carriage inwards and carriage outwards or debited in the trial balance
Does cash on hand have a debit or credit balance?
credit
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Does assets account have a debit balance or a credit balance?
debit
Is purchases a normal debit or credit balance?
debit balance
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is withdrawals a debit or a credit?
it is a debit balance because it decreases owner's equity, which has credit balance.
Does inventory have a debit or credit balance?
Debit
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