Owner's drawings appear in a trial balance as a
AA credit balance
BA credit in capital
CA debit balance
DAn asset balance
Answer & Solution
Correct answer: C. A debit balance
Drawings reduce equity, so the account is reversed against capital and shows a debit balance.
Keep practising Trial Balance
Browse all Trial Balance questions for CA Foundation, or explore more Accounting topics.
Related questions
Which entries decrease an account on the right side of the equation, such as a liability?Which of these is a non-current asset?Which is a long-term liability?Claims of the owners on the assets of the business are shown inDebts or future obligations owed to others are recorded inDebtors, cash and stock are examples ofThe general ledger holds a ledger account for each item in theA suspense account is used to