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So I kinda know how it work but Im having debits and credit twisted.... for some reason I see them ass debit is( plus+)and credit
So I kinda know how it work but Im having debits and credit twisted.... for some reason I see them ass debit is( plus+)and credit is (Minus-) and I know is not like that.
1st photo question?
If Inventory is an Asset in which it has a natural balance of Debit + why cost of goods (expense) which also has a natural debit balance+ is going on my debit side and inventory on my credit side??? Both are an asset. Whats the determinant factor? What am I missing?
2nd
If supplies is an asset , debit + and cash as well, why cash goes to credit side?
sorry if is a dumb question but there is something I'm not seeing. thanks for the help!!!
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