Assets = Debit balance
Liabilities = Credit balance
Expenses = Debit Balance
Equity = Credit balance
Revenue = Credit balance
Why it is said that same amount in Debit and Credit side in Trial balance
by Hossain Sujon -
Number of replies: 0
According
to total trial balance method two sides of each ledger account debit and credit side are added up and debit and credit totals so
obtained are placed in the debit and credit columns of the trial balance
respectively. Thus we may draw the following trial balance by taking
out the debit side total and credit side total of each account in the ledger.