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Bank overdraft is in debit or credit side?
credit side
Is bank loan credit or debit in trial balance?
credit
Is insurance credit or debit?
Debit
Is furniture and fixtures a debit or credit?
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
Are shares in a public company a credit or debit?
credit to shareholder and debit to the company
Is investment credit or debit?
Debit
Is an investment a credit or a debit in accounting?
credit
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Accounting entries for disposal of subsidiaries?
Debit cash proceeds Credit investment credit gain on loss of disposal
What is journal entry for investing 30000 in cash?
[Debit] Investment in company 30000 [Credit] Cash 30000
Is prepaid insurance a debit or credit?
Debit
Does cash on hand have a debit or credit balance?
credit
Is cost of sale credit or debit?
Credit or debit
Is a refund to a credit card a debit or credit?
Debit
What is the journal entry for gain on sale of land?
[Debit] Cash / bank xxxx [Debit] Accumulated Depreciation xxxx [Credit] Asset xxxx [Credit] Gain on sale of asset [balancing figure) xxxx
What are the rules of debit and credit for assets?
There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses.There are three Golden Rules for Debit & Credit, whole accounting is depend on these three rules :- 1. Debit what comes in & Credit what goes out. 2. Debit the receiver & Credit the..Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Why is it important to memorize the debit and credit rules?
Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
