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1. Which transaction is entered in the general journal?
A cash paid to supplier C office equipment bought on credit
B Cash received from customer D cash purchases
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∙ 11y ago
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Why is return inward in debit side of trial balance?
Because when someone returns goods we hv more stock, hence we debit it in the trial balance, note that it is taken away from sales in the p & l just as expenses are debited in the trial balance and taken away in the p & l
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Is Accounts Payable a debit or credit on the trial balance?
debit
Is premises debit or credit in the trial balance?
Debit
Are accounts receivable a debit or credit on trial balance sheet?
Debit
Why is return inward in debit side of trial balance?
Because when someone returns goods we hv more stock, hence we debit it in the trial balance, note that it is taken away from sales in the p & l just as expenses are debited in the trial balance and taken away in the p & l
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Is Accounts Payable a debit or credit on the trial balance?
debit
On the Trial Balance Sheet AR is?
in a trial balance sheet are is a debit credit or liabiltiy
Is premises debit or credit in the trial balance?
Debit
Are accounts receivable a debit or credit on trial balance sheet?
Debit
Do you debit or credit provision for doubtful debts on trial balance?
debit
Is Account Payable Considered Debit Or Credit On The Trial Balance?
debit
Is bank loan credit or debit in trial balance?
credit
Where are accounts payable on a trial balance?
Debit
Where do expenses go on trial balance?
debit
What is accounts receivable on a trial balance sheet?
Asset- Debit balance
