Question

machinery account comes in trial balance in which side
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Answer 1

HERE'S YOUR ANSWER DEAR :- ☺

machinery account comes in trial balance in DEBIT SIDE

Answer 2

Machinery account comes in debit side of the trial balance.

• Debit balances and credit balances are two different types of ledger balances. On the trial balance's credit side are liabilities, capital, and revenue accounts, while the debit side has asset and expense accounts.
• A set of credit and debit entries known as a trial balance is what companies use to internally evaluate their double-entry accounting systems. The aim is to verify that the total of all debits and credits equals the total of all credits and to determine whether any entries have been made in the incorrect account.
• The following are the guidelines for creating a trial balance: The debit side must be used to register each asset. On the credit side, all liabilities must be reported. Every gain or income has to be reported on the credit side.

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