debit balance

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
hi

why debiter always dabit balance?sapouse for example

office equipment asset(debit side)
sales income(credit side)
but why bebiter (debit side)is they assets (or)expence.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:debit balance

    Debtors are assets as they are money due to the entity.

    Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:debit balance

    Debtors as said are always on the debit side as they are an asset to the company until the balance of the account is paid of

    Tara :)

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