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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4362)
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
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
Hi all, can anybody help me with the mutual fund (AMC)accounting. I would like to know the accounting entries for subscriptions (premium/discount), redemptions (premium/discount), fund expenses, buying/selling securities by the fund and other fund management related accounting entries.   1
What is Share Premium? Capital-IQ 7
what is Inward & outward remittances Abc 1
What is Deferred tax? What is the difference between current tax and deferred tax.give some example of deferred tax.   1
What is bills in accounts.   4
what is the differece between salary and remuneration?   3
Is depreciation a source of finance ?   4
What is TDS   3
how to pass journal entry for credit card a/c in tally erp 9 Kotak 2
Why do you prepare a Trial Balance? Pepsi 14
What is BRS ?How do you prepare the BRS?   7
when we are cash deposit in bank, how entry in contra (tally)software ?   5
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
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