Saturday, December 29, 2018

Complete the following table by indicating for (a) through (g) whether the proper answer is debit or credit:

Complete the following table by indicating for (a) through (g) whether the proper answer is debit or credit:

                                                                                   | Normal 
Account                                      Increase | Decrease | Balance
Purchases                                      debit  |    (a)   |   (b)
Purchases Discounts                      credit  |    (c)   |  credit
Purchases Returns and Allowances  (d)   |    (e)   |   (f )
Freight In                                         debit  |    (g)   |  debit



Answer:
(a) credit
(b) debit
(c) debit
(d) credit
(e) debit
(f) credit

(g) credit

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