A trial balance is one of two closely related things. One is Debit and the other is Credit.
Assets = Debit balance
Liabilities = Credit balance
Expenses = Debit Balance
Equity = Credit balance
Revenue = Credit balance
A trial balance is one of two closely related things. One is Debit and the other is Credit.
Assets = Debit balance
Liabilities = Credit balance
Expenses = Debit Balance
Equity = Credit balance
Revenue = Credit balance