IF THE FOLLWING ITEMS ARE GIVEN

IN THE TRIAL BLANCE

ONLY ONE TIME WILL BE RECORDED
‡Out Standing Expenses ------ Liabilities
‡Income Received in Advance-- Liabilities
‡Prepaid Expenses ------------------- Assets
‡Income to be Received-------------- Assets
‡Bad debts---------------------------P&L (Debit)
‡Depreciation----------------------- P&L (Debit)
‡Provision for Doubtful Debts----P&L (Credit)
‡Drawings-----------------------------(-) From Capital