Home » Accounts (Principles of Accounts) » Which of the following has a debit balance at the end of the year?Which of the following has a debit balance at the end of the year? Which of the following has a debit balance at the end of the year? A. rates prepaid account B. bank loan account C. income received in advance account D. ordinary share capital account Correct Answer: Option A Explanation Related Posts A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit… The art of recording transactions in books of account is known as Given: (i) Cost price (ii) Selling price (iii) Cost plus fixed percentage (iv) Price above… Receipt and payments account of a non-profit making organization is principally a summary of the? The advantage of double entry is that Which of the following accounts has a debit balance?
