a account has debit balence.what is the meaning?
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Answer / rosey
If an account has a debit balance, its meaning will be
determined by the type of account. If it is a personal
account then it means that the person is a debtor,if a real
account has a debit balance,it means that it is an asset
and if a nominal account has a debit balance, then it means
that it is an expense or loss.
| Is This Answer Correct ? | 88 Yes | 3 No |
Answer / smita
an account has debit balance means generally it is an
asset.but in case of liabilities it means negative balance
| Is This Answer Correct ? | 56 Yes | 7 No |
Answer / rajesh
an account showing debit balance in the sense it is due to
the company that means it is receivable means asset
| Is This Answer Correct ? | 28 Yes | 7 No |
Answer / sreedevi
if an account has debit balance it may be advance to party
so current asset or payments made is debited so it may be
expenditure
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / hashim bim ali
if an account has debit balance it means it is an asset.
| Is This Answer Correct ? | 11 Yes | 7 No |
Answer / mahesh kumar m
If sundry debtors account is having debit balance means it
is excess received by debtors or amount received but invoice
not entered in debtors account. and if a sundry creditors
having debit balance it means we paid advance or payment
made bill was not entered.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / monu aggarwal (monu.1526@redif
Yes,the answer given by Rosey is correct.
The meaning of a debit balance of any a/c Depends on its
nature.
| Is This Answer Correct ? | 2 Yes | 2 No |
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