wife's loan to the business...what effect on trial balance???
Entry:
Cash A/c - Dr.
To Wife's Loan A/c
Cash will be increased and Liability will be increased.
Hence, Debit and Credit sides of the Trial Balance would be increased.
wife's loan to the business...what effect on trial balance???
Entry:
Cash A/c - Dr.
To Wife's Loan A/c
Cash will be increased and Liability will be increased.
Hence, Debit and Credit sides of the Trial Balance would be increased.