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-   -   Wage Expense (https://www.askmehelpdesk.com/showthread.php?t=589779)

  • Jul 27, 2011, 02:21 PM
    cc091
    Wage Expense
    What is the increase side and which is the decrease side for wage expenses.
  • Jul 27, 2011, 02:48 PM
    pready

    Expense accounts have a normal Debit balance, which means that a debit entry will increase the account balance, while a credit entry will decrease the account balance.

    Here is a simple way to determine whether an account has a normal debit or credit balance:

    D - Debit Balance
    E - Expense accounts
    A - Assets
    D - Dividends

    C - Credit Balance
    U - Unearned Revenues
    R - Revenues
    L - Liabilities
    S - Shareholder Equitys (owners equity)

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