Page 109 - Account 10

56. Legal charges ×××× Expenses
57. Sampling expenses ×××× Expenses
58. Discount ×××× Expenses
59. Commission ×××× Expenses
60. Export duty ×××× Expenses
61. Repair & maintenance ×××× Expenses
62. Charity donation ×××× Expenses
63. Bank charge ×××× Expenses
64. Sales tax ×××× Expenses
66. Brokerage ×××× Expenses
66. Loss on sale of assets ×××× Loss
67. Loss by incident ×××× Loss
68. Drawings ×××× Decrease in capital
69. Prepaid expenses ×××× Assets
70. Goodwill ×××× Assets
71. Accrued income ×××× Assets
72. Copy Right ×××× Assets
73. Bad debt recovered ×××× Income
74. Provision for bad debts ×××× Expenses
75. Apprenticeship premium ×××× Income
76. Income from investment ×××× Income
77. Gain of sale of assets ×××× Gain
78. Dividend received ×××× Income
79. Deposit from customers ×××× Income
80. Miscellaneous receipts ×××× Income
81. Interest on investment ×××× Income
82. Outstanding expenses ×××× Liabilities
83. Sale of scrap ×××× Income
Total ×××× ××××

Note: 1. Rent, interest, commission, discount, etc. are considered as expenses and are
to be recorded on debit sides but rent received, interest received, commission
received, discount received, etc. are income and are to be recorded on credit side
of trial balance.
2. Interest on loan, interest on bank overdraft are the expenses and recorded on
debit side but interest on investment, interest on given loans, interest on bank
deposit/balance are incomes and recorded on credit side of trial balance.
3. If closing stock is given, it should be recorded an debt side of trial balance as it
is an asset business on closing date.

108 Aakar’s Office Practice and Accountancy - 10 Trial Balance 109