Accounting · Trial Balance
Identify the correct nature of normal balances (Debit/Credit) for the following accounting items: 1. Postage and Stationery 2. Advertising 3. Salaries and Wages 4. Irrecoverable Debts 5. Allowance for Receivables
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11: Credit, 2: Credit, 3: Credit, 4: Credit, 5: Debit
- 21: Debit, 2: Credit, 3: Credit, 4: Debit, 5: Debit
- 31: Debit, 2: Credit, 3: Credit, 4: Credit, 5: Debit
- 41: Debit, 2: Debit, 3: Debit, 4: Debit, 5: Credit✓
Correct answer
1: Debit, 2: Debit, 3: Debit, 4: Debit, 5: Credit
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