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What is the difference between a credit memorandum and a debit memorandum?
A Debit Memo is a over payment A Credit Memo is a over payment
When do you have suspense in the bank reconciliation statement?
when debit and credit column is not match of bank account
What is the treatment of post dated checks to bank reconciliation?
debit to cash and credit to accounts receivables
Accompanying the bank statement was a debit memorandum for bank service charges what entry is required in the depositor's account?
increase cash, increase accounts payable
Which account has a normal debit balance?
Does work-in-process has a normal balance as a debit or credit
What is the difference between a credit memorandum and a debit memorandum?
A Debit Memo is a over payment A Credit Memo is a over payment
When do you have suspense in the bank reconciliation statement?
when debit and credit column is not match of bank account
What is the treatment of post dated checks to bank reconciliation?
debit to cash and credit to accounts receivables
Would work in process for deposits have a credit balance or debit balance?
Work in Process is considered an asset because it is inventory. Assets have a debit normal balance. adding materials to work in process is a debit to work in process.
Accompanying the bank statement was a debit memorandum for bank service charges what entry is required in the depositor's account?
increase cash, increase accounts payable
Which account has a normal debit balance?
Does work-in-process has a normal balance as a debit or credit
What is the journal entry to move finished goods from Work In Process to Finished Goods Inventory?
[Debit] Finished Goods [Credit] Work in process
How many debit cards should you have?
I have 2 debit cards, but i want to know how much should i need for future
Should debits equal credits when making a journal entry?
Total Debit should equal to Total Debit at all times.
When raw materials are purchased on account for use in a process costing system the corresponding journal entry that should be will include?
debit raw materialcredit accounts payable
Is stock a credit or debit account balance?
Stock is an asset so it should always be a debit balance.
What is the journal entry to adjust stock after a physical stock take?
stock should be debited if shown less in books and stock should be credited if shown more in books of accounts.
