Question

Which of the following pairs of items would appear on the same side of the trial balance?

A Drawings and accruals

B Carriage outwards and prepayments

C Carriage inwards and rental income

D Opening inventory and purchase returns​

Answer 1

Asset and expense accounts appear on the debit side of the trial balance whereas liabilities, capital and income accounts appear on the credit side.

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Answer 2

Concept: A trial balance may be an accountancy worksheet during which the balance of all ledgers' area unit compiled into debit and open account column totals that area unit equal. An organization prepares an attempt balance sporadically, sometimes at the tip of each news amount.

Find: Choose an appropriate answer for the question.

Solution: Carriage outward is that the seller's expense to transfer the products to the client. It's merchandising expense and thus Associate in Nursing indirect expense. Hence, carriage outward showing the balance can seem on the method of accounting of P & L A/c.

It shall be shown within the record of the corporate below current assets. However, If paid expenses don't seem to be shown within the balance then these expenses, shall be more to their individual account and recorded on the method of accounting within the Profit and loss a/c.

Final answer: B. Carriage outward and prepayments.

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