Accountancy, asked by suryamonykandan, 11 months ago

in trial balance how can i put debit or credit

Answers

Answered by clicker786
0

Answer:

recall that the trial balance makes use of the PEARLS method.

p for purchases

e for expenses

a for assets

r for revenue

l for liabilities

s for sales

the letters PEA are for the debits side of the trial balance ( therefore if there are any purchases, expense or assets , debit them )

the letters RLS are for the credit side of the trial balance (therefore is there are any revenue , liabilites and sales credit them )

* note all provisions are credited ( eg provision for doubtful debts)

hope this helps :)

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