on the trial balance which thing gone to debit site & which things gone to credit sites?
Answer Posted / manisha.badole629
all expences and losses are debited
all incomes and gains are credited
all assets are debited
all liabilities are credited
no entry for closing stock
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
Explain About Business Process Visualizations?
What do you know about RBI? Tell some of its functions?
What do you understand by foreign draft?
What Different Types Of Bankruptcy Should I Consider?
What is cash reserve ratio (crr)?
What are your views on demonetization?
How do we calculate GNP and GDP?
What Is Managerial Accounting?
What is the bank charge for 'overdraft protection' service?
What is the formula to calculate enterprise value?
What is the Liability of Share Holders in Joint Stock Company?
Tell something about debt market?
According to kyc guidelines which are the three documents that are mandated by rbi?
WHAT ARE THE SECTIONS OF SOX THAT ARE RELATED TO INTERNAL CONTROL?
Mention what are the options available in Account Books Menu in Tally ERP 9?