Question: There is a error in the trial balance. A debt of $100,000 is to be written off. allowance made for a further debt of $60,000.

There is a error in the trial balance. A debt of $100,000 is to be written off. allowance made for a further debt of $60,000. The debt of $18,000 for which allowance was made in the previous financial statements has now been paid in full. In a trial balance what goes into Debit and what goes into credit.

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