Log in

View Full Version : Building either as a debit or a credit


mrucko89
Sep 28, 2008, 07:30 PM
Is a building a debit or a credit?

MLSNC
Sep 28, 2008, 07:37 PM
Asset accounts have debit balances. Therefore the building account should have a debit balance.

pready
Oct 15, 2008, 03:07 PM
Asset Accounts have a normal Debit Balance. A building is considered an asset therefore it should have a Debit Balance.