Trial Balance Quiz

 #AccountingQuiz – Trial BalanceWhich will appear in the Credit Column of a TRIAL BALANCE?

Trial Balance Quiz Explained

In a Trial Balance, a business concern simply lists all the balances of its ledger account.

In this Trial Balance Accounting Quiz only Discount Received can have a Credit Balance. Nature of Discount received is income, therefore it is credited in the discount received ledger.

The correct answer of this quiz is “Discount Received” will appear in the Credit Column of Trial Balance.

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