Accountancy, asked by souradip62, 11 months ago

loan taken will be in which side in trail balance


Answers

Answered by chunilalraichura
0

Explanation:

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Answered by clicker786
0

Answer:

on the credit side of the trial balance

Explanation:

loan is regarded as a liability  hence on the credit side

to make it easier for you . us the method of PEARLS

P- purchases

E - expenses

A- assets

R - revenues

L - liabilities

S-sales

where PEA is on the debit side of the trial balance

and RLS is on the credit side of the trial balance.

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