Account balance which shown on debit side of trial balance

Assignment Help Accounting Basics
Reference no: EM13257636

Which of the following account balance is shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

a. Capital account

b. Sundry creditors account

c. Accounts payable account

d. Sundry debtors account

Reference no: EM13257636

Questions Cloud

What is the aftertax cost of debt : Assume that because the new debt will be issued at par, the required yield to maturity will be 0.15 percent higher than the value determined in part a. Add this factor to the answer in a.
Determine the force per unit length on the conductor : A current sheet with K =10ax A/m lies in free space in the z =2m plane. A filamentary conductor on the x-axis carries acurrent of 2.5A in the axdirection. Determine the force per unit length on the conductor.
Disadvantages of job order costing-procss costing : What are the advantages and disadvantages of job order costing, procss costing, andactivity based costing systems.
How much mass can the larger piston support : A hydraulic lift has pistons with areas 0.40m2 and 5.95m2 , and they're at the same height. how much mass can the larger piston support
Account balance which shown on debit side of trial balance : Which of the following account balance is shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).
Find position of fermi level with respect to ei in si : Given: Si is doped with boron atoms; concentration of boron atoms is 1014 cm-3.  Find: carrier concentration in Si at T = 300 K. (Hint: use Principle of Space Charge Neutrality)  Find: Ei - position of Fermi level in intrinsic Si at T..
How can a manager reach the organizations tipping point : How can a manager reach the organization's tipping point without extra resources and what skills do you have that you think will make you an effective planner and strategic manager?
Understanding the auditors report and the process : Explain why each of these terms is important for understanding the auditors' report and the process.
Explain acid solution and deep green in alkaline solution : An indicator has a pKa of 5.7 . It is colorless in acid solution and deep green in alkaline solution.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Income and expenses from the landscaping business

Russell (age50) and Linda (age45) Long have brought you the following information regarding their income and expenses for the current year. Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited. The business is operat..

  Overhead based on direct labor hours

The actual manufacturing overhead cost for the year was $602,000 and the actual direct labor cost for the year was $456,000. Actual direct labor hours totaled 40,200 and machine hours totaled 79,000. Samli applies overhead based on direct labor ho..

  Weighted-average technique in the costing system

The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units for conversion costs for November in a particular department.

  Non-monetary transaction

Patton paid nothing for this realty, which had a fair market value of $250,000 at the date of the grant. Patton should record this non-monetary transaction as a

  Discuss relevance of budgeting

Discuss the relevance of budgeting as it relates to the accounting profession in general. Relate lessons learned from a self-selected reading or from something you learned while working on your accounting profession in general.

  Ending balance for merchandise inventory

What were the beginning balance and ending balance for Merchandise Inventory?

  Write the journal entries for the transaction

On December 31, 2007, BradstormCompany had 1,500,000 shares of $10 par common stock issued and outstanding. Write out the journal entries for these transaction.

  Preparation of a consolidated statements

Prepare the elimination entries for the preparation of a consolidated statements workpaper on December 31, 2010 assuming the cost method.

  Total direct labor-hours

On December 16, 2008, the company's controller made a preliminary estimate of the predetermined overhead rate for the year 2009. The new rate was based on the estimated total manufacturing overhead cost of $3,402,000 and the estimated 63,000 total..

  Determining return on total assets

Braverman Company's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The company's income tax rate was 30%. The co..

  Contract in a percentage of completion method

When you are preparing a partial balance sheet for a 2 year period showing any items related to the contract in a percentage of completion method how do you figure out your accounts receivable, construction in progress and billings figures?

  Production cost information

Consider the production cost information for Santiago's Salsa in Problem 1-1. The company is currently producing and selling 325,000 jars of salsa annually.The jars sell for $5.00 each. The company is considering lowering the price to $4.60. Suppo..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd