Question

Ascertain the Class of Account of the following items : (i) Returns outward (ii) Carriage inward (iv) Debtors (v) Creditors (iii) Outstanding salary (vi) Outstanding wages​

Answer 1

Answer:

Explanation:

Class of accounts

1. Return Outwards = Credit Balance
2. Carriage Inwards = Debit Balance]
3. Debtor = Debit Balance
4. Creditors = Credit Balance
5. Out Standing Salary = Credit Balance
6. Out Standing Wages = credit Balance