Sales revenue debit or credit?
Is sales revenue debit or credit? Sales revenue is the income that a business generates from the sale of its …
Accounting
Is Cash Debit or Credit?
Is cash debit or credit? One of the most regularly used assets of companies is cash. It is used to …
Is Capital Debit or Credit?
Is capital debit or credit? Every business requires capital for its startup as well as its sustenance. In other words, …
Retained earnings debit or credit?
Retained earnings debit or credit? Retained earnings are usually recorded on the right column of a company’s balance sheet under …
Cost of sales debit or credit?
Is the cost of sales debit or credit? Cost of sales, also known as cost of goods sold (COGS) is …
Service revenue debit or credit?
Is service revenue debit or credit? Businesses generate revenue from the sale of goods or from providing services to their …
Sales Debit or Credit?
Sales debit or credit? For any company to remain in business, making sales is vital as this is what every …
Cash sales debit or credit?
Cash sales debit or credit? Sales are part of the revenue a company makes and is usually recorded on the …
Is Prepaid Rent an Asset?
Is prepaid rent an asset? A company can make an advance payment for a good or service such as rent …
Service Revenue Asset or Liability?
Service revenue asset or liability? Businesses generate income from the services they complete to an individual or another entity. Accounting …
