which of the following is put on the debit side of the trial balance ( interest received , bills payable , bank overdraft, rent paid)
Answers
Answer:
rent paid
Explanation:
rent paid is an expense which is profit and loss item recorded on debit side
Answer:
Answer: D. Rent paid is put on the debit side.
what is trail balance:
a list of the accounts' debit and credit balances in a double-entry ledger at a certain date that was created primarily to check for equality.
Explanation:
What does an accounting trial balance mean:
A trial balance is a financial report that displays the general ledger's closing balances for all accounts at a certain moment in time. The first stage in closing the books at the conclusion of an accounting month is to create a trial balance.
Which of the following is added to the trial balance's negative side:
Liabilities, capital, and revenue accounts show on the credit side of the trial balance, while asset and expense accounts appear on the debit side.
format of trial balance:
Trial Balance displays information on each ledger balance in a tabular style. Every organization must assess its financial condition over a specific time period, thus it includes transactions made during the year as well as the opening and closing balances of ledgers.