is motor vehicles a debit or credit in trial balance?
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7
Answer:
The principles of double-entry bookkeeping are not that easy. It's simple to say that for every debit, there is a credit, but when it comes to actually entering transactions into the accounts, it can be difficult to remember if what you are entering is one or the other. It is particularly difficult when you have to enter figures into several accounts (e.g., the book of prime entry, the ledger accounts
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5
Explanation:
The trial balance has two sides, the debit side and the credit side. Debits include accounts such as asset accounts and expense accounts. Credits are accounts such as income, equity and liabilities. ... The debit side and the credit side must balance, meaning the value of the debits should equal the value of the credits
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