Page 4 - Home Assignment

14.Specify on which side of the trial Balance the following ledger

account balance will appear:

a) Sales account
b) Purchase Return account

c) Bills Payable Account

d) Cash in Hand
e) Freight

f) Bank Loan

g) Bills Payable
h) Interest on Investment

15. State whether the following accounts will indicate a debit
balance or credit balance

a. Drawing

b. Advance rent received
c. Bad debts

d. Sales Return
e. Furniture

f. Bank Overdraft