Which item is shown on the debit side of a trial balance?
A. Rent outstanding.
B. Prepaid expenses.
C. Purchases returns.
D. Excess of income over expenses by the firm.
Answer:B
Which item is shown on the debit side of a trial balance?
A. Rent outstanding. B. Prepaid expenses. C. Purchases returns. D. Excess of income over expenses by the firm.