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I went on a job interview today and I was quized; if you over spend on the supplies do you debt or credit the account?

I answered but I want to know what you all have to say...

Honestly my friend (controller) and I tend to argue about debits and credits often and well the quiz in a whole ticked me off. I have never been quized in an interview, so I sat there frozen.

I'm more a hands on with my debts and credits... lol

2007-03-20 07:30:41 · 1 answers · asked by Ruba Styles 2 in Business & Finance Other - Business & Finance

1 answers

In regards to purchasing supplies, I believe you would debit cash/credit expense whether you over/under purchase.

2007-03-20 07:43:54 · answer #1 · answered by ropman1 4 · 0 0

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