pls answer this question and I will mark u as brainalist....only who knows the answer can reply
Answers
Answer:
DEBIT BALANCES:
drawings. 24000
debtors. 57000
Land and building. 180000
plant. 120000
stock 22800
factory expenses. 16600
office expenses. 7700
stationer. 500
freight. 2500
purchases. 215300
miscellaneous expenses. 8200
bad debts. 7100
interest on x's loan. 3000
good will. 10000
cash in hand. 8400
bills receivable. 5000
688100 (total )
CREDIT BALANCES:
capitals. 250000
creditors. 28500
purchases return. 6000
sales. 380000
miscellaneous recipts. 3600
loan from x. 20000
688100(total)
IN TRIAL BALANCE
DEBIT BALANCES SHOWS ASSETS AND EXPENESES, LOSSES
CREDIT BALANCES SHOWS LIABILITIES AND INCOME, GAINS