Debit or Credit?
Favorable or Unfavorable
Identify the Account Type (CA, NCA, CL, NCL, OE)
100

Cash when recieved

Debit

100

Gross Profit Rate went from 21% (2022) to 19.6% (2023)

Unfavorable

100
Accounts Payable

Current Liability

200

Accounts Payable (when a liability is incurred)

Credit

200

Debt Ratio went from 91.2 (2022) to 75.4 (2023)

Favorable

200

PPE (Property, Plant, Equipment)

Non-current Asset

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