Re: Normal Accounts Balances (Balance Sheet, Trial Balance)

2020-09-30T13:56:52Z

Dear @cedricktshiyoyo,

I have no clue of what your problem is..sorry. Now being a senior member does not mean one knows more than you. I am a senior member maybe because I am over sixty (61 to be exact) or I have done more than 50 posts..I have no deep knowledge of accounting at all and very little IT. I am very good at cut and paste though..

I will throw the ball at @joe..

Normal Accounts Balances (Balance Sheet, Trial Balance)

2020-09-29T18:53:35Z

Dear all, hope this find you well.
I have noticed that when, the trial balance report and balance sheet report are not giving the right account balances, when it comes to the side.
As we know each account must display the running balance has either credit or debit, but not both right?
How can we prevent this way of displaying the report!! @joe @rafat

I have given an example below to support my idea.

Accounting Element Normal Balance To Increase To Decrease
1. Assets    Debit    Debit Credit
2. Liabilities    Credit    Credit Debit
3. Capital    Credit    Credit Debit
4. Withdrawal    Debit    Debit Credit
5. Income    Credit    Credit Debit
6. Expense    Debit    Debit Credit

Regards

FrontAccounting forum — Normal Accounts Balances (Balance Sheet, Trial Balance)

Re: Normal Accounts Balances (Balance Sheet, Trial Balance)

Normal Accounts Balances (Balance Sheet, Trial Balance)