NCERT · Class 11 · Accountancy · Trial Balance and Rectification of ErrorsWhich of the following items is entered on the debit side of a Trial Balance?
Step-by-Step Solution
Assets and expenses always carry a debit balance and are therefore entered on the debit side of a Trial Balance, whereas liabilities and capital carry credit balances.
Detailed Options Breakdown
Option : Sundry Creditors
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Trial Balance and Rectification of Errors.
Option 1: Discount Received
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Trial Balance and Rectification of Errors.
Option 2: Bills Receivable (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Capital Account
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Trial Balance and Rectification of Errors.
💡 Study Guide: This question tests core syllabus concepts from Trial Balance and Rectification of Errors. For formulas, key summaries, and mock exam reference guides, read the full Trial Balance and Rectification of Errors Revision Notes.