Question

what is fixtures and furniture credit or debit in trial balance

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Answer 1

Answer:

dr

Explanation:

it is absolutely right answer

Answer 2

Answer:

Instead it is recorded as a capital purchase, which means it first appears in the balance sheet. The accounting entry would be to debit “fixtures” in the balance sheet and credit cash, which is also shown in the balance sheet. This way, it appears as an asset and not an expense.A trial balance is a listing of the ledger accounts and their debit or credit balances to determine that debits equal credits in the recording process. ... When using T-accounts, if the left side is greater, the account has a DEBIT balance. If the right side is greater, the account has a CREDIT balance.