WebNormal expenditures for repairs and maintenance to plant and equipment are accounted for by a.debiting Cash and Supplies Inventory and crediting Equipment. b.debiting Cash and Supplies Inventory and crediting Repairs Expense. c.debiting Repairs Expense and crediting Cash and Supplies Inventory. WebMay 18, 2024 · Debits: A debit is an accounting transaction that increases either an asset account like cash or an expense account like utility expense. Debits are always entered on the left side of a journal...
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Weba. Unearned Rent Revenue. The Krug Company collected $17,400 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1. b. Unearned Services Revenue. The company charges $170 per insect treatment. A customer paid $680 on … WebExport Specialist. Gaily for Export Promotion. نوفمبر 2016 - الحالي6 من الأعوام 4 شهور. Khartoum East Mostafa Alamin St.Dr.Hassan Osman Bld.,Floor 3,Flat 3,Khartoum-Sd. Preparing export documents eg. invoice ,packing list and collection letter etc. writing shipping instruction,sale contract., checking documents before ... jellyfish ornament christmas
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WebJan 29, 2024 · Treasury StockTreasury Stock or Treasury Share is the stock/share which is repurchased by the issuing company. The company issue share to the market and later on buy them back, they are the treasury stock. It will decrease the outstanding number of shares in the market. Treasury Stock will decrease... WebAs per the golden rules of accounting, debit means assets, and credit means liabilities. Account receivables represent transaction exposure in the form of cash inflow shortly. The same shows that an entity will benefit … WebApr 11, 2024 · A debit (or “DR” for short) is an accounting entry that increases assets (what your business owns) and decreases liabilities (how much your business owes). For example, if a business takes out a loan to buy new equipment, the firm would enter a debit in its equipment account because it now owns a new asset. jellyfish order classification