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Capital
Capital have credit balance because capital is the owner's investment in the business and its a liability for the business to pay the capital in future.
Increase will capital have credit balance and it is reported on the liabilities side of the balance sheet.
Cash , expense, accounts receivable have debit balance as it is treated as asset of the business and have debit balance.
As per the double entry system , every transaction has debit and credit. multiple accounts are affected.
The amount of capital will always equal to the the all assets less all liabilities.
In the year end , profit or loss is apportioned in the capital account.
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Answer:
While it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton. In fact, the opposite occurred. Cotton growing became so profitable for the planters that it greatly increased their demand for both land and slave labor.
Answer:
my day is good and i hope you have a good day as well
Explanation:
The answer is: ask a home inspector to check the house
The inspector's main job is to check various places on the house to determine whether there is a possible hazard or unseen damage within the house. The information that you get from the inspectors could help you determine a fair pricing for the house and help you decide whether the house is suitable for your standard or not.
