Appendix EX 6-37 Rules of debit and credit for periodic inventory accounts

Complete the following table by indicating for (a) through (g) whether the proper answer is debit or credit.


Account Increase Decrease
Normal
Balance
Purchases debit (a) (b)
Purchases Discounts credit (c) credit
Purchases Returns and Allowances (d) (e) (f)
Freight In debit (g) debit


Answer:
(a) credit
(b) debit
(c) debit
(d) credit
(e) debit
(f) credit
(g) credit