Showing posts with label table by indicating. Show all posts
Showing posts with label table by indicating. Show all posts

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