Analyzing debit or credit by tale?
This is worded so that I do not know the cross-question, I would close to to enjoy someone explain this to me so that I make out it better and can do my homework. I do not want the answers lately some explanation so that I know that I am interpeting the sound out correctly. Thank you
Identify wheather a debit or credit yield the indicated devolution for respectively of the following accounts:
To increase store equipment
to increase owner withdrawls
to trim down cash
to increase utilities expense
to increase fees earned
to fade unearned revenue
to diminution prepaid insurance
to increase record payable
to fall accounts payable
to increase owner capital
Thank you for your explanation in advance
Answers:
What they are asking is, would you debit or credit the account in cross-examine to craft the match amend? Would you debit or credit store equipment if you bought brand new equipment? Would you debit or credit brass to engender the lolly sketch lower? Etc.
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Identify wheather a debit or credit yield the indicated devolution for respectively of the following accounts:
To increase store equipment
to increase owner withdrawls
to trim down cash
to increase utilities expense
to increase fees earned
to fade unearned revenue
to diminution prepaid insurance
to increase record payable
to fall accounts payable
to increase owner capital
Thank you for your explanation in advance
Answers:
What they are asking is, would you debit or credit the account in cross-examine to craft the match amend? Would you debit or credit store equipment if you bought brand new equipment? Would you debit or credit brass to engender the lolly sketch lower? Etc.