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Everything on the left side of the equation, the assets, has a debit balance. Everything on the right…
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Capital expenditures are often depreciated over 5 to 10 years, but in the case of real estate, they may…
Content Accountingtools Normal Balance Of Accounts Normal Balance
As such, in a cash account, any debit will increase the cash account balance, hence its normal balance is a debit one. The same is true for all expense accounts, such as the utilities expense…
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In statistics, the…