Which item normally appears on the debit side of a trial balance?
Correct answer: D. Rent expense
- A. Sales revenue
- B. Accounts payable
- C. Owner's capital
- D. Rent expense
Explanation
Rent is an expense and normally has a debit balance, so it appears on the debit side of the trial balance. Sales, payables, and capital normally carry credit balances.
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About Ledger Accounts and the Trial Balance
Ledger accounts collect transactions under individual headings and use debit and credit sides to determine balances. The trial balance lists those balances to check arithmetical agreement before financial statements are prepared, but it does not reveal every error, such as complete omission, compensating errors or entries made in the wrong account.
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