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    anonymous001's Avatar
    anonymous001 Posts: 1, Reputation: 1
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    #1

    Apr 8, 2009, 03:02 PM
    Trial balance
    Mortgage,interest on mortgage,freehold prekises,returns inwards,sundry debtors and carriage inwards are these debit or credit in a trial balance:confused::confused:
    helemuo's Avatar
    helemuo Posts: 19, Reputation: 1
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    #2

    Apr 8, 2009, 08:35 PM
    The rule is: Dr assets, Expenses & losses; Cr liabilities and gains
    Credit Mortgage and Dr freehold premises; Dr returns inward; Dr carriage inward; Dr sundry debtors. Mortgage interest payable is credited in the trial balance but mortgage interest expense is debited
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