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Is carriage inward a debit or credit balance?

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Anonymous

∙ 13y ago
Updated: 11/7/2022

debit

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Wiki User

∙ 13y ago
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Related Questions

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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