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accounting

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Indicate whether each of the followings accounts normally has a debit balance or a or a credit balance
1.Mary Amos,Capital
2.Cash
3.Fees income
4.Accounts Payable
5.Supplies
6.Salaries Expense
7.Accounts Receivable
8.Equipment

  • accounting - ,

    Here is an explanation of the difference:

    http://en.wikipedia.org/wiki/Debits_and_credits

    Or look at it this way: you take the money in = you receive it = it's a credit

    you pay the money out = you lose it = it's a debit

    Sra

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