Which among the following will be shown as the debit balance in a trai
| Which among the following will be shown as the debit balance in a trail balance?
A. Interest paid
B. Long term loan
C. Advances from customers
D. Purchase return
Right Answer is: A
SOLUTION
• Interest paid will be shown as the debit balance in a trail balance.
• Long term loan, Advances from customers, Purchase return will be shown as the credit balance in a trail balance.
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Which among the following will be shown as the debit balance in a trai