Question

Fill in the blanks with correct alternative and rewrite the statements :

Drawings account appears in ________ column of the trial balance.
a) L.F
b) debit balance
c) credit balance
d) none of these

Answer 1

Drawings account appears in debit balance column of the Trial Balance.

Explanation:
Drawings Account is a personal account. The accounts that are related to individuals, firms or institutions are termed as personal accounts. When the amount or goods are withdrawn from a business for the proprietor’s personal use, then the Drawings Account is debited. Hence, the Drawings Account shows debit balance and is shown in the debit column of the Trial Balance.