Identify the group of accounts that are NOT SHOWN IN THE DEBIT COLUMN of the Trial Balance. O a. Purchase, sales returns, discount allowed O b. Sales, purchase returns, loan O c. Salary, wages, water bill d. Cash, bank, debtors

Identify the group of accounts that are NOT SHOWN IN THE DEBIT COLUMN of the Trial Balance. O a. Purchase, sales returns, discount allowed O b. Sales, purchase returns, loan O c. Salary, wages, water bill d. Cash, bank, debtors

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 11MC: Which of these accounts is included in the post-closing trial balance? A. Sales Revenue B. Salaries...

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Identify the group of accounts that are NOT SHOWN IN THE DEBIT COLUMN of the Trial Balance.
O a. Purchase, sales returns, discount allowed
O b. Sales, purchase returns, loan
O C. Salary, wages, water bill
O d. Cash, bank, debtors

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