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What is classification and normal balance of the drawing account?
Wiki User
∙ 9y ago
The classification and normal balance of the drawing account is the owner's equity with a debit balance. A balance sheet is a summary of a company's liabilities and assets, as well as the shareholders' equity.
Wiki User
∙ 9y ago
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What is the normal classification of human?
Homo sapiens
What are planometric drawings?
Planometric drawings are drawing in which are drawn by drawers of graphical drawing. It is like drawing normal things but every thing has to be parallel like the keys on a piano, hence the name pianometric. this type of drawing is also referred to parallel drawings in not metric systems around the world.
Why are drawing pins called drawing pins?
It is made of metal because it has to be able to punch through the card or paper.
Is it normal to have warts on your feet?
Perfectly normal.
Is 92 Normal Pulse rate?
Yes, the normal pulse rate varies from 60 to 100. Anything between that is normal.
What is the normal balance of drawing?
Drawings is a contra account. Debit is the normal balance of Drawing account.
What is the normal balance of of a drawing account?
its a debit
The classification and normal balance of the accounts payable account is?
The classification of Accounts Payable is liability, and a current liability, it has a normal credit balance, and is found on the Balance Statement as a permanent account.
The classification and normal balance of the dividend account is?
stockholders' equity with a debit balance
The classification and normal balance of the supplies expense account is a or an?
liability with a credit balance
What is the classification and normal balance of the supplies expense account?
debit
Is a drawing account increased by debits?
Drawings has debit balance as a normal balance that's why it is increased by debit and reduced by credit.
What is the normal balance of a withdrawal?
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
What is the normal account balance of Income Summary?
It has no normal balance.
What is the normal balance of a additional paid-in capital account?
Additional Paid-in Capital is a normal credit balance account.
What is the normal balance of the merchandise inventory account?
Merchandise Inventory is an asset account, so the normal balance is Debit.
What is the normal balance of a cash account?
Cash account normally has debit balance.
