ohh ddear :( trial balance

NAJC

just checking really.
admin exps and bad debt - debit
computer consomubles - debit
insurance - credit
leasing costs - credit


reply pleaseee.
thankyouu x

Bluewednesday

Are you saying that insurance and leasing costs are income?

If not they should be debits.

Lilyflower

For sure Insurance is an expense of the business so this will be a Dr, as for the leasing costs, the fact that it is described as a ''cost'' again suggests this will be an expense in which case another Dr.

The only way this would be a Cr is if the business are receiving rent from a leased area. In which case this would be Cr to a ''rent received'' T account (would be considered an Income).

Hope that helps

Lily xxxxxxxxxxxxxxxxxxxxxxxxxxx