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​

Answer 1

Answer:

1) debit

2) debit

3) debit

4) debit

5) credit

6) credit

7) credit

8) debit

9) debit

10) debit

Explanation:

in trial balance :

debit - all assets and expenses and Losses

credit - all liabilities and incomes/revenue and gain

Answer 2

Here is your answer:

Explanation:

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