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


Please Help Members By Posting Answers For Below Questions

What is a Bank rate? What is a Repo?

640


Do Banks have reservation? If yes, what is the percentage?

587


What's SLR?

615


Mention the difference between bills payable and bills receivable?

567


What's Selling gold coins,insurance,mutual funds?

568






What are the characteristics of derivatives?

683


What are shares?

587


Name the fund management scheme introduced by rbi which helps the banks in their fund management?

551


hi viewers my name is prapul i would like to know how to prepare for an interview i had done my mba finance

1827


What are term loans? What are the features of term loans?

614


What is fixed assets/ capital employed ratio? What does it indicate?

657


Tell about fiscal policy?

675


What is the difference between prop trading and market-making?

684


Under Which Ordinance Company is Formed?

628


What is the formula for the Capital Asset Pricing Model?

641