ohh ddear :( trial balance
NAJC
Registered Posts: 44 Regular contributor ⭐
just checking really.
admin exps and bad debt - debit
computer consomubles - debit
insurance - credit
leasing costs - credit
reply pleaseee.
thankyouu x
admin exps and bad debt - debit
computer consomubles - debit
insurance - credit
leasing costs - credit
reply pleaseee.
thankyouu x
0
Comments
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Are you saying that insurance and leasing costs are income?
If not they should be debits.0 -
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 xxxxxxxxxxxxxxxxxxxxxxxxxxx0
