Does work-in-process has a normal balance as a debit or credit
debit balance
normal debit
debit
Debit balance dork!
Does work-in-process has a normal balance as a debit or credit
debit balance
normal debit
debit
An Expense would normally have a debit balance.
Debit balance dork!
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
Wages and salaries both are expenses to the company and like all expenses normal debit balance these accounts also have debit balance as their normal balance.
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
Yes, all expenses has debit balance as normal balance and shown in income statement.
debit balance
Assets has debit balance as normal balance so debit balance increases it while credit balance decreases it.