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> What side for a revenue account,credit or debit, is its normal balance side?
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What side for a revenue account,credit or debit, is its normal balance side?
tamjh3
Mar 10, 2012, 07:46 PM
Do office supplies normally have a credit or debit balance?
pready
Mar 12, 2012, 06:40 AM
Here is a guide:
Normal Debit Balance
D - Debits
E - Expenses
A - Assets
D - Dividends
Normal Credit Balance
C - Credit
U - Unearned Revenues
R - Revenues
L - Liabiliaties
S - Shareholder Equity (Owners Equity)