What is apprentice premium in which account we show it if it is given in trial balance?
Answer:
The apprentice premium relates to any amount earned by the company or management to provide the apprentice with training to teach them any additional skilled or unskilled work throughout their apprenticeship time. These forms of profits are the organization’s indirect income, so it is added to the profit and loss account when making account balances and is reported on the credit side under the head indirect income balance while processing the trial balance.