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
Expert Answer
- Carriage inwards Carriage inwards is an expense which has a debit balance.
- Building Building is an asset which has a debit balance.
- Insurance Insurance is an asset which has debit balance.
- Bills payable Bills payable is a liability which has a credit balance.
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