A

Admin • 833.24K Points
Coach

Q. Debit balance of trial balance shows:

  • (A) Total income
  • (B) Total liabilities
  • (C) Total assets and expenses
  • (D) Total capital and revenue
  • Correct Answer - Option(C)
  • Views: 23
  • Filed under category Accounting
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Explanation by: Admin

Debit side includes assets and expenses; credit side includes liabilities and incomes.

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