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what will come under debit and credit side in trial balance
please give me answer
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Answer / lenin p v
Trial balance
Debit side : assets,expenses,purchase,sales return,debtors
Credit side : capital,all liabilities and income,creditors,purchase retun
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / ashwini
Trading account at Debit side=Opening stock,purchases ,purchases returns,
carriage inwards,wages
Credit side=sales ,sales returns and closing stocks
Profit and loss at Debit side=Salaries,outstanding salaries,depriciation of Fixed assets ,bad debts etc
Credit side=discount recieved,rent recieved, commision recieved
| Is This Answer Correct ? | 28 Yes | 23 No |
Answer / ca shailee chaudhary
debit:opening stock,purchase,return inward,bills receivable,cash in hand,etc.........
credit:commission received,discount credit,bills payable,overdraft,capital,etc........
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / peter
PEARLS
PEA comes on the debit side,which stands for ,purchases,expenses,and assets.
RLS comes on the credit side,which stands for revenue, liabilities,and sales.
then the opposite is done here for sales returns we debit it and for purchases returns we credit it.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / jaezah
which side does bank over draft comes either debit or credit ?
people if u no the answer please post it
| Is This Answer Correct ? | 0 Yes | 0 No |
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what will come under debit and credit side in trial balance please give me answer
15 Answers BMCC, Genpact, HF, UNSW,
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