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What do you mean by debit and credit balance of an account 2024?

Noah Wilson | 2023-05-07 10:01:27 | page views：1652
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Julian Lee

Works at the International Telecommunication Union, Lives in Geneva, Switzerland.
In accounting, a debit balance is the ending amount found on the left side of a general ledger account or subsidiary ledger account. A debit balance is normal and expected for the following accounts: Asset accounts such as Cash, Accounts Receivable, Inventory, Prepaid Expenses, Buildings, Equipment, etc.
2023-05-13 10:01:27
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Emily Nguyen

QuesHub.com delivers expert answers and knowledge to you.
In accounting, a debit balance is the ending amount found on the left side of a general ledger account or subsidiary ledger account. A debit balance is normal and expected for the following accounts: Asset accounts such as Cash, Accounts Receivable, Inventory, Prepaid Expenses, Buildings, Equipment, etc.
What is a debit balance? | AccountingCoach
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