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CBSE Class 11-commerce Answered

State with reason, in which column, the balance of the following accounts will be placed in the trial balance. Carriage inwards Building Insurance Bills payable
Asked by Topperlearning User | 26 Jul, 2016, 12:17: PM
answered-by-expert Expert Answer
  1. Carriage inwards Carriage inwards is an expense which has a debit balance.
  2. Building Building is an asset which has a debit balance.
  3. Insurance Insurance is an asset which has debit balance.
  4. Bills payable Bills payable is a liability which has a credit balance.
Answered by | 26 Jul, 2016, 02:17: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 12:17: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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