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What else can I help you with?
Do you debit or credit expenses?
Expenses are a debit transaction.
Is furniture and fixtures a debit or credit?
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Are salaries expense debit or credit?
Expenses have a normal debit balance.
Does an advertising expense has a credit or debit balance?
All expenses debit (-)
Are accrued expenses a debit or credit balance?
credit because it is a liability.
Do expenses have credit or debit?
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
What is the entry of accrued traveling expenses?
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
The rules of account?
The Rules of Debit and Credit are:Personal account: Debit the receiver. Credit the giver.Real account: Debit what comes in. Credit what goes out.Nominal account: Debit all expenses and loses. Credit all income and gains.
Is interest expense a debit or credit?
all expenses are debited
Is Interest expense debit or credit?
all expenses are debited
