If, as at the commencement of an accounting period, the account named below has a balance as
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If, as at the commencement of an accounting period, the account named below has a balance as stated in respect of each, what would that balance represent:
(a) Trade creditors account – a credit balance
(b) Rent account – a debit balance
(c) Stationery account – a debit balance
(d) Accrued expenses account – a credit balance
(e) Insurance account – a debit balance
(f) Trade debtors account – a debit balance
(g) Salaries account – a credit balance
(h) Rent receivable account – a debit balance
(i) Staff loan account – a debit balance
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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