answersLogoWhite

0

Indemnity always goes to the credit side.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Where do expenses go on trial balance?

debit


Importance of trial balance?

importance of trial balance importance of trial balance


What is the difference between trial balance of totals and trial balance of balances?

firstily trial balance of total is the total balance of trial balance being show at the end of a year. trial balance of balance it is the balances being show doing the calcution of the trial balance.


What is the difference of trial balance of balances and trial balance of totals?

trial balance of balances is the trial balance with two columns while trial balance of totals is the one with four columns


What record book does the trial balance go in?

general ledger


Where does amortization expense go on trial balance?

on the credit side


What side of a trial balance does inventory go on?

credit side


Which account balance will change between the adjusted trial balance and the post closing trial balance?

The adjusted trial balance includes depreciation and other adjustments. This is the account balance that changes between the adjusted trial balance and the post closing trial balance.


What are the three trial balances in the accounting cycle?

The unadjusted trial balance, the adjusted trial balance, and the post adjusted trial balance.


What are the sources of trial balance?

Journal and Ledger are the main source of Trial Balance


What is the rule of trial balance?

what is the rules of trial balance


What is post trial balance adjustment?

Post Trial Balance Adjustment means that after prepared of trial balance if any error be locate and trial balance be not tally then suspense a/c be made and through error can be rectifyand after that trial balance is adjust.

Trending Questions
What effect will disinflation following a highly inflationary period will have on the reported income of the firm? Does Vista Print offer a business card template? Scope and objectives of audit? Is electricity deposit an asset? The classification and normal balance of the supplies expense account is a or an? You had a checking account that your ex-wife changed the address and closed down She was not on the account and now has the money from this account How do you legally get it back? Are social security benefits taxable in Massachusetts? Can a resident file a resident joint tax return if the spouse only has a B-1 or B-2 visa? Are purchases account is increased by a credit and decreased by a debit? What is the difference between Database and databank? How water should be retained? Because my account was overdrawn I have got a letter from BofA Your account has been closed they deposited the amount overdrawn now my ending balance is 0.00 do I have to pay them back? What is the accounting entry for Income Tax? How you can increase refinery profit? How can you find out the balance of a sears gift card? Minor unpredictable expenses should be paid from? Can unallowed passive losses from a rental property for prior years be taken in a year the property is no longer a rental? How can you ask for copies of your Mortgage interest statements for previous years? In which order are the accounts listed in the chart of accounts? Main characteristics of formal and informal organisation?