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what will come under debit and credit side in trial balance
please give me answer
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Answer Posted / ashwini
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 ? | 28 Yes | 23 No |
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