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State whether the balance of the followi...

State whether the balance of the following accounts should be placed in the debit (or) the credit columns of the trial balance:
`{:("(i) Plant and Machinery",,"(ii) Discount allowed"),(" (iii) Bank overdraft ",,"(iv) Sales"),("(v) Interest Paid",,"(vi) Bad Debts"):}`

Text Solution

Verified by Experts

Dr. Balances (i), (ii), (v), (vi) , Cr. Balances (iii), (iv)
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