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1. WHAT DOES SALES ON THE DEBIT SIDE OF A TRAIL BALANCE MEAN AND WHAT
IS THE TREATMENT IN PREPARING TRADING PROFIT AND LOSS ACCOUNT.
2. IS IT POSSIBLE TO HAVE SALES ON THE DEBIT SIDE OF A TRIAL BALANCE.
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Answer Posted / karanam
Answer 2 ur 2nd question
there is no possibility to have sales in debit
side of trail balance.
answer 2 ur 1st question
sales in debit side of trail balance can be
treated as sales returns.
treatment:
those sales can be excluded from gross sales
made.otherwise it can be written as sales returns in the
debit side of p&l account
| Is This Answer Correct ? | 8 Yes | 1 No |
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