Question

premises will be debit or credit in trial balance​

Answer 1

Hey!!

here is your answer ✍✍

premises will be credit in trial balance.

hope u got your answer ☺

Answer 2

Answer:

Premises will be debit in trial balance.

Explanation:

• Premises refers to the building owned by the business / owner - it usually refers to the building from which the business being carried out.

• Premises is an asset for any business organization.
• As per the golden rules of accounting Asset has an debit balance. An debit balance will be shown in the debit side on trial balance.
• So, Premises will appear in the debit side of trial balance.

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