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Categories >> Accounting >> Accounting General
 
 


 

 
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 Accounting General interview questions  Accounting General Interview Questions (2808)
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Question
what will come under debit and credit side in trial balance 
please give me answer
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
in debit side : fixed asset, current asset, purchase.
in credit side: share capital, loan, liability, sales
 
Is This Answer Correct ?    87 Yes 8 No
Janvi Sangle
 
Answer
# 2
debit side comes in Purchases, credit side comes in sales 
Is This Answer Correct ?    87 Yes 11 No
Ballaamar
 
 
 
Answer
# 3
Trial balance debit side:-Assets.Expences,losses Etc

Trial balance Creditside:-Liabilities,Income,Gains Etc
 
Is This Answer Correct ?    59 Yes 9 No
A.baljee Rao
 
Answer
# 4
debit side comes all
asset, expense and drawings
credit side comes all
liabilities, income and
capital
 
Is This Answer Correct ?    53 Yes 6 No
Vivek
 
Answer
# 5
Debit side of trial balance include- opening stock, Purchase, Sales return, Depreciation, All expenses(discount Allowed/Interest paid, Bad debts, insurance premium....etc.), All assets including cash,bank,debtors..etc. i.e. All assets, expenses& losses, Drawing, Prepaid expenses.

Credit side of trial balance include- Sales, Purchase Return, All Income (Discount received/ interest Received...etc),All Liabilities including capital, creditors, Bank overdraft,loan's..etc. i.e. All liabilities, Incomes & Gains,Outstanding Expenses, Capital..etc.
 
Is This Answer Correct ?    48 Yes 6 No
Genius
 
Answer
# 6
Debit Side:- Assets
Credit Side:- Liabilities
Debit Side:-Losses & Expenses
Credit Side:-Incomes & gains
 
Is This Answer Correct ?    30 Yes 0 No
Preeti Sharma
 
Answer
# 7
1.Accounts dealing with assets,expenses and losses will show in debit side of trial balance.
2.Accounts dealing with liabilities income and gain will show in credit side of trial balance.
 
Is This Answer Correct ?    3 Yes 0 No
Waseem
 
Answer
# 8
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 ?    5 Yes 3 No
Ashwini
 

 
 
 
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  Question Asked @ Answers
 
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entry tax calculate on purchase +freight inward or not   1
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what is a journal entery of goodwill? Genpact 15
Purchases book records: (a) All cash purchases. (b) All credit purchases. (c) Credit purchases of goods in trade. (d) None of the above.   3
difference between stock and share Genpact 2
What do you mean by Debit and Credit?   5
 
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