does a debit or credit decrease the normal balance of an office supply account?

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2006-08-16 05:08:22 · 4 answers · asked by starlight l 2 in Business & Finance ➔ Small Business

a debit.

mb

2006-08-16 05:14:12 · answer #1 · answered by Anonymous · 0⤊ 1⤋

A credit would decrease the office supply Asset account. If it is an expense account it would also be decreased with a credit.

2006-08-16 05:14:40 · answer #2 · answered by cougarfan_jared 2 · 0⤊ 0⤋

credit decreases it( office supply account is an asset with normal balance of debit, therefore if you want to reduce it you have to credit it.)

2006-08-16 05:22:12 · answer #3 · answered by fasb123r 4 · 0⤊ 0⤋

if it is a office supply account it is a debit

2006-08-16 05:16:20 · answer #4 · answered by yotaguy_26 2 · 0⤊ 1⤋