Trial Balance - Debit or Credit? Flashcards
1
Q
Machinery
A
Debit
2
Q
Furniture and Fittings
A
Debit
3
Q
Inventory
A
DEBIT
4
Q
Bank (Overdraft)
A
CREDIT
5
Q
Petty Cash
A
Debit
6
Q
Sales Ledger Control
A
Debit
7
Q
Purchase Ledegr Control
A
Credit
8
Q
VAT Owing To HMRC
A
Debit
9
Q
Capital
A
Credit
10
Q
Sales
A
Credit
11
Q
Purchases
A
Debit
12
Q
Wages
A
Debit
13
Q
Sales Returns
A
Debit
14
Q
Administration Expenses
A
Debit
15
Q
Rent and Rates
A
Debit
16
Q
Marketing Expenses
A
Debit
17
Q
Irrecoverable Debts
A
Debit
18
Q
Maintenance
A
Debit
19
Q
When you add a suspense account to one of the journal entries?
DEBIT
A
You would take the higher value and put that in the trial balance.
20
Q
When y
A
