Multiple Choice Questions on Which of the following will have a debit balance in trial balance ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Which of the following will have a debit balance in trial balance ........

General Accounting Principles Accounting cycles
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    Which of the following will have a debit balance in trial balance

    Return inwards account

    Incorrect Answer

     Input IGST 

    Incorrect Answer

     Adjusted Purchases

    Incorrect Answer

    All  of the above

    Correct Answer
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    Explanation:

    Return inwards account- sales return, input IGST is the GST that is paid by the person and adjusted purchases has closing stock deducted from it. All these have Dr balances.

    By: Munesh Kumari
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