Identify the correct nature of normal balances (Debit/Credit) for the following ledger items: 1. Receivables 2. Payables 3. Cash on Hand 4. Cash at Bank 5. Opening Inventory

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Accounting · Trial Balance

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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1: Debit, 2: Credit, 3: Debit, 4: Debit, 5: Debit

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Answer 1

1: Debit, 2: Credit, 3: Credit, 4: Credit, 5: Credit

Answer 2

1: Credit, 2: Credit, 3: Credit, 4: Credit, 5: Debit

Answer 3

1: Debit, 2: Credit, 3: Debit, 4: Debit, 5: Debit

Answer 4

1: Debit, 2: Credit, 3: Credit, 4: Credit, 5: Debit

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