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on the trial balance which thing gone to debit site & which things gone to credit sites?

Answers were Sorted based on User's Feedback



on the trial balance which thing gone to debit site & which things gone to credit sites?..

Answer / srinu

all expenditure and assets in debt side & all revenue and liabilities in credit side

Is This Answer Correct ?    34 Yes 0 No

on the trial balance which thing gone to debit site & which things gone to credit sites?..

Answer / narendra

all expensess and assets are coming to the debit side and
all liabilities and receiveble are ciming in the credit
side.

Is This Answer Correct ?    21 Yes 0 No

on the trial balance which thing gone to debit site & which things gone to credit sites?..

Answer / 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

on the trial balance which thing gone to debit site & which things gone to credit sites?..

Answer / srikanth

A Trial Balance of the Comapany consists of its Liablities,
Assets, Incomes & Expenditure. A Trial Balance Consists of
Assets and Expenditure in Debit side & Liabilities and
Incomes in Credit side.

Is This Answer Correct ?    2 Yes 0 No

on the trial balance which thing gone to debit site & which things gone to credit sites?..

Answer / ajay pandey

All expeces and asts
(salary,building) are
coming in Dr. Side and
all income and libality
coming in Cr. Side.

Is This Answer Correct ?    0 Yes 0 No

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