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1) All expenses and losses always having..? A. Credit balance B. Debit balance C. Exact difference balance D. Balance entered in voucher

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Question added by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC
Date Posted: 2016/01/23
Laurence Lim
by Laurence Lim , Finance Coordinator/Accountant , Rawabi Holding Company

Expense and Loss Accounts both always have a normal debit balance in the Income Statement. 

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

B. DEBIT BALANCE. BOTH EXPENSES AND LOSSES WILL BE CHARGED IN THE INCOME STATEMENT.

Tanveer  Ahmed
by Tanveer Ahmed , Senior Accountant Reporting to CFO , Sharif Metals International LLC

All expenses and losses always havinf debit balance.

Dr Sarosh Bastawala
by Dr Sarosh Bastawala , Senior Attorney , Senior Attorney & Litigator

All expences and losses are reflected on the Left hand - DEBIT SIDE of a ledger only and are hence Debit Balances

Zahid Iqbal
by Zahid Iqbal , Senior Group Accountant , GSCS Group

As per Accounting principles all the expenses and losses always have a Debit balance.

Idiatou Diallo
by Idiatou Diallo , TREASURY AND FUNDING MANAGER , SDH

B both are debit operations

Danish Rashid
by Danish Rashid , Accountant , Special Lift General Transport

Option B having Debit balance.

Rajeev Edathanal Thankappan
by Rajeev Edathanal Thankappan , Group Accounts / Finance Manager , FBA Group W.L.L.

As per Nominal Account rule  all expenses and losses having Debit balance.

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