Question

Trial balance include

Capital

Motor vehicles

Bank overdraft

Sales

Sales returns

Discount received

Discount allowed

Fixed deposit

Interest on fixed deposit

Repairs

Loan

Interest on loan

Purchases

Railage on purchases

Insurance

Drawings

Debtor

Creditor

Using any amout...please show what is debited and credited

Answer 1

debited:Motor vehicles,Sales, Sales returns, Discount allowed,Fixed deposit, Interest on fixed deposit, Drawings, Debtor  

credited:Capital, Bank overdraft,  Discount received,Repairs, Loan

Interest on loan, Purchases, Railage on purchases, Insurance,  Creditor