Accountancy, asked by cyraxchotu, 7 months ago

 trial balance bank loan is credit or debit​

Answers

Answered by punachaudhary1984
1

Answer:

When the trial balance is drawn up, the total debits must be equal to the total credits across the company as a whole (see below for a sample trial balance). ... The accounts carrying a debit balance are: Bank Account, Bank Loan, Interest Expense, and Office Supplies Expense.

Explanation:

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Answered by anusharinjad01
0

Answer:

When you’re entering a loan payment in your account it counts as a debit to the interest expense and your loan payable and a credit to your cash.

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