Question

State whether the balances of the following accounts should be placed in the debit or the credit column of the trial balances. 1) Furniture 2) Plant and machinery 3) Salary 4) Discount Allowed 5) Bank overdraft 6) Interest received 7) Sales 8) Purchases 9) Cash in hand 10) Bills Receivable 10 Marks *​

Answer 1

Answer:

1) debit

2) debit

3) debit

4) debit

5) credit

6) credit

7) credit

8)debit

9) debit

10)debit

Explanation:

Answer 2

Answer:

1) debit

2) debit

3) debit

4) debit

5) credit

6) credit

7) credit

8)debit

9) debit

10)debit

Explanation: