Question

state whether the following will indicate a debit or credit balance .1 cash 2 drawing 3 prov.for bad debts 4 outstanding salary 5 capital 6 bank overdraft 7 purchase return 8 bills receivable 9 machinery 10 bad debts
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Answer 1

Answer:

1. cash debit
2. drawings debit
3. provision for bad debts credit
4. outstanding salary credit
5. capital credit
6. bank over draft credit
7. purchase returns credit
8. bill's receivable debit
9. machinery debit
10. bad debts debit