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Accounting entries for disposal of subsidiaries?
Debit cash proceeds Credit investment credit gain on loss of disposal
Is an investment credit or debit?
Debit
Is investment credit or debit?
Debit
Is a refund a debit or credit in accounting?
debit
What is the abbreviation for the word Debit in accounting?
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
What are accounting rules called?
The accounting rules are called the 'golden rules of accounting' ie debit what comes in and credit wht goes out debit the receiver and credit the giver debit all expenses and loss and credit all incomes and gains.
Difference between debit and credit in accounting?
A debit is money paid out or a loss, a credit in income or a gain.
Why is cash a credit in accounting?
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
What is the difference between a debit and a credit in accounting?
In accounting, a debit represents an increase in assets or expenses, while a credit represents an increase in liabilities, equity, or revenue.
What is the difference between a debit and credit in accounting?
In accounting, a debit represents an increase in assets or expenses, while a credit represents an increase in liabilities, equity, or revenue.
What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
