JAMB Accounting 2011 Objective — Question 2

Question 2 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

In a trial balance, income and liabilities are

A. A. debited and credited respectively
B. B. creditedCorrect
C. C. credited and debited respectively
D. D. debited

Explanation

All income and liabilities appear on the credit side of a trial balance, while assets and expenses appear on the debit side.

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