Question

Which item shows a credit balance in the Trial Balance?
a) Sales Return
b) Prepaid Expense
c) Purchase
d) Outstanding Expense​

Answer 1

Answer:

prepaid expense shows a credit balance in the trail balance

Answer 2

Answer: outstanding expances

Explanation: because it is Our lability so it recorded in credit side

Sales return recorded in debit side and prepaid expances is Our asset so it has Our Dr balance on the other hand purchase entry is always Our Dr. Balance due to Our asset