Trial balance Flashcards

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1
Q

Revenue

A

Credit

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2
Q

Sales Returns

A

Debit

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3
Q

Purchases

A

Debit

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4
Q

Purchase Returns

A

Credit

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5
Q

Rent and Rates

A

Debit

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6
Q

Wages and salaries

A

Debit

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7
Q

Other running costs

A

Debit

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8
Q

Non current assets

A

Debit

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9
Q

Cash at bank

A

Debit

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10
Q

Trade Receivables

A

Debit

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11
Q

Trade Payables

A

Credit

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12
Q

Bank Overdraft

A

Credit

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13
Q

Bank Loan

A

Credit

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14
Q

Capital

A

Credit

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