Do office supplies normally have a credit or debit balance?
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Do office supplies normally have a credit or debit balance?
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)
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