WAEC - Accounts Principles Of Accounts (2018 - No. 3)
Which of the following items is found on the debit side of the trial balance?
provision for doubtful debts
discount allowed
discount received
returns outwards
Explanation
It has our assets, expenses, and drawings on the left (the debit side). The discount allowed is an expense and it is posted on the debit side of the trial balance.
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