Question

state whether following is debit or credit in trial balance
1. Capital
2. sales
3. purchases
4. drawing
5. machinery
6. building
7. debtors
8. discount received
9. purchase return
10. cartages
11. salaries
12. insurance
13. wages
14 office exp
15. cash
16. creditors
17. loan from Patel
18. commission received
19. bills payable
20. opening stock
21. furniture
22. travel exp
23. cash at bank
24. sales return
25. outstanding rent payable
26. commission received in advance
27. prepaid insurance
28. reserve for doubtful debts.
29. trade exp
30. goodwill​

Answer 1

Answer:      DEBIT  BALANCE                  CREDIT

                                                             capital

                                                               sales

                 purchase

                 drawing

               machinary

               building

              debtors

                                                                discount received

                                                             purchase return

               cartage

            salaries

             insurance

            wages

         office exp.

        cash

                                                               creditors

                                                           loan from patel

                                                          commission received

                                                           bills payable

      opening stock

     furniture

     travel exp.

   cash at bank

      sales return

                                                            out. rent payable

                                                commission received in advance

prepaid insurance

                                                      reserve for doubtful debts

trade exp

goodwill

IN trial balance debit all assets and expanses balances and credit all liability and income as well as reserves balances