Chief Accountant
32 Points
Joined October 2010
In the Trial balance you will be listing all the Accounts that have been created in the General Ledger and were not cleared out (not balanced) at the time of preparing Trial Balance.
So if an account whose total on the debit is more than the total ont he credit Side, it should be shown in the debit side of the Trial Balance ad vice versa .
Though Capital A/c should have a credit balance but sometime due to cash withdrawals by the ownee, it can have the debit balance as well.
hence the above rule shall aply while preparing the trial balance.
However while preparing thebalance sheet, one need to take care of placing the liabilities and assets on the appropriate side.
Hope, the answer is clear.