Debit
credit side
credit
Debit
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
credit to shareholder and debit to the company
Debit
Debit
Debit
yes
[Debit] Prepaid Insurance [Credit] Cash / bank
Assuming you receive cash from the insurance company, rather than a replacement vehicle: Credit the Fixed asset account for the vehicle at cost. Debit the Accumulated depreciation account for all depreciation recorded on the asset Debit Cash for the amount of cash received. If the difference between these accounts is a credit, then credit Gain on insurance proceeds from casualty loss. If it's a debit, then debit Loss on insurance proceeds from casualty loss.
debit Income Summary; credit Insurance Expense
credit
Credit or debit
Debit
[Debit] Insurance policy Asset [Credit] Cash / bank
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.