Question #103924

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

Expert's answer

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  




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