Trail Balance List – All Accounts Debit Credit with reason

Trial Balance — Accounts

See each account’s trial balance side and the reason term. Click an account name for details.

Account name, trial balance side, and reason
Account
Bank balance( 01-01-20**) , Begeginning / Opening Bank No Entry Accounts not going to the Trial Balance
All prepaid expenses , Prepaid salary, prepaid rent, prepaid wages, prepaid insurance. Debit Assets
All interest Receivable , Interst Receivable on investment Debit Assets
Commission Receivable , Interest Receivable , Any Receivable Debit Assets
Unexpired Insurance , Prepaid Insurance Debit Assets
Unearned Revenue , Unearned Service Revenue , Unearned Income , Income Received in Advance Credit Liabilities
Office Expense , Business Expense , General Expenses, Departmental Expense Debit Expenses
Office Equipment , Equipment Debit Assets
Unused Stationery , Ending Stationery , Unused Supplies No Entry Accounts not going to the Trial Balance
Excise Duty Debit Expenses
Import Duty , Customs Duty (import) Debit Expenses
Income Tax Debit Contra Owner’s Equity
Provision for Income Tax , Income Tax Reserve Credit Liabilities
Furniture Debit Assets
Leased Property, Leasehold property Debit Assets
Drawings , Cash Withdrawal , Goods Withdrawal Debit Contra Owner’s Equity
Subrent , Sublease Credit Revenue
Utility Expense , Electricity Expense , Gas/Water Expense Debit Expenses
Loan , Bank Loan , Mortgage Loan Credit Liabilities
Investment in Debenture , Investment ( more than 1 year) Debit Assets
Copy right Debit Assets
Tax , tax expense Debit Expenses
Tools , Small Equipment Debit Assets
Carriage In , Freight In , Transportation In Debit Expenses
Purchase Return , Purchase Returns and Allowances Debit Contra Revenue
Purchase Discount Credit Contra Expenses
Goods Sent on Consignment , Stock on Consignment , Consignment Inventory Debit Assets
Profit from Consignment Business Credit Revenue
Life Insurance Premium Debit Contra Owner’s Equity
Trade License Debit Assets
Trade mark Debit Assets
Post and Telegraph , Communication Expense Debit Expenses
Delivery expense Debit Expenses
Building Debit Assets
Accounts Receivable , Debtor , Miscellaneous Debtors , Sales day books Debit Assets
Cash , Cash on hand , Petty Cash Debit Assets
Purchase , Purchase of Goods Debit Expenses
Creditor , Accounts Payable , Miscellaneous Creditors , Purchase Ledger , Daily Purchase Book , Outstanding, Debt Credit Liabilities
Sale of Old Newspapers Credit Revenue
Patents Debit Assets
Commission Expense Debit Expenses
Discount Expense Debit Expenses
Bills Payable , Notes Payable Credit Liabilities
All Outstanding / Payable / Incurred Interest , Interest Payable , Outstanding Interest Credit Liabilities
Provident Fund , Welfare Fund Credit Liabilities
Preliminary Expenses Debit Assets
Commission Income Credit Revenue
Discount Income , Discount Received Credit Revenue
All Received Interest , Interest Revenue/Income, Investment Interest , Interest on Given Loan Credit Revenue
Notes Receivable , Bills Receivable Debit Assets
All Receivables/Outstanding Income Debit Assets
Cash on hand ( 01-01-20**) , Begeginning / Opening Cash balance No Entry Accounts not going to the Trial Balance
Premises Debit Assets
All Outstanding / Incurred / Payable Expenses , Outstanding Salary , Payable Wages , incurred Commission , Outstanding Apprentice Allowance Debit Assets
Bond , Debenture , Loan Instrument Credit Liabilities
Investment in Bonds , Investment ( More than 1 year) Debit Assets
Sales , Service Revenue / Income Credit Revenue
Carriage out , Freight Out , Transportation out Debit Expenses
Sales Return , Sales Returns and Allowances Debit Contra Revenue
Sales Discount Debit Contra Revenue
securities available for sale Debit Assets
Advertisement / Advertising Expense Debit Expenses
Investment Debit Assets
Insurance Expense Debit Expenses
Prepaid Advertisement , Deferred Advertisement Debit Assets
Bank Charges , Account Maintenance Fee , Service Charge Debit Expenses
Bank , Bank balance Debit Assets
Overdraft , Bank Overdraft , Bank OD Credit Liabilities
Rent expense, Office Rent , Rent Debit Expenses
Land Debit Assets
Vat Current Account (Credit) Credit Liabilities
Vat Current Account (Debit) Debit Assets
Travel Expense Debit Expenses
Inventory, Closing / Ending Inventory , Opening / Beginning Inventory Debit Assets
Wages ,Wages Expense Debit Expenses
Machinery Debit Assets
Motor Vechicle , Truck , Delivary Van Debit Assets
Export Duty Debit Expenses
Export Duty Debit Expenses
Dividend , Dividend Income Credit Revenue
Apprentice Stipend Debit Expenses
Apprenticeship Premium Income Credit Revenue
Duty , Import Duty Debit Expenses
Investment in stocks , Investment Debit Assets
Contingent liabilities, contingent assets, or any contingent account. No Entry Accounts not going to the Trial Balance
Organizational Expenses Debit Assets
Supplies , Office Supplies , Unused Supplies , Ending Supplies , Debit Assets
Goodwill Debit Assets
Fixed deposit Debit Assets