Q.State whether the balance of each of the following accounts should be placed in the debit or the credit column of the Trial Balance.

Debit column: Furniture, Discount Allowed. Credit column: Sundry Creditors, Bank Overdraft.

The rule for the Trial Balance in the Tamil Nadu HSC Accountancy syllabus is: all assets, expenses and losses = debit balances; all liabilities, capital, incomes and gains = credit balances.