(Question No. 40 is Compulsory) List the accounts which have only credit balances.

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Q. (Question No. 40 is Compulsory) List the accounts which have only credit balances.

Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2023Subjective· 3mImportance★★★★★

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Credit-balance accounts are liabilities, capital, incomes/gains, returns outward and provisions/reserves.

In a trial balance, whether an account shows a debit or a credit balance follows the rules of accounts. Accounts that normally show only credit balances are:

Capital account — the owner's capital.
Liabilities — Sundry creditors, Bills payable, Bank overdraft, Loans borrowed, Outstanding (unpaid) expenses.
Incomes and gains — Sales, Discount received, Commission received, Interest received, Rent received, Dividend received.
Returns outward — Purchases return.
Provisions and reserves — Provision for bad and doubtful debts, Provision for depreciation, General reserve, Reserve fund. …

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Same / Similar Concept — real previous-year questions on the same or a closely similar concept, not this exact question.

CBSE 2025Set MARCH1 markMCQ
$Q. Under ________ method, the total amounts on the debit side of the Ledger accounts and the total amounts on the credit side of the Ledger accounts are ascertained and recorded in the Trial Balance.$
(a) Balance method
(b) Total and Balance method
(c) Total method
(d) All the above
›Reveal solutionSolution
When the totals of the debit side and credit side of each ledger account are taken to the Trial Balance, it is the Total method, so the correct answer is option (c).

The Tamil Nadu HSC Class-11 Accountancy syllabus describes three methods of preparing a Trial Balance:

Total method — the total of the debit side and the total of the credit side of each ledger account are entered in the Trial Balance's debit and credit columns respectively. This matches the statement exactly. …
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CBSE 2025Set MARCH1 markMCQ
$Q. The account which has a debit balance and is shown in the debit column of the Trial Balance is :$
(a) Drawings account
(b) Sundry creditors account
(c) Capital account
(d) Bills Payable account
›Reveal solutionSolution
Among the choices, only the Drawings account has a debit balance, so it appears in the debit column of the Trial Balance — the correct answer is option (a).

In the Tamil Nadu HSC Class-11 Accountancy syllabus, the rule for Trial Balance columns is:

Debit column — assets, expenses, losses, and drawings.

Credit column — liabilities, capital, and incomes/gains.

Checking each option:

Drawings account — money withdrawn by the owner; it has a debit balance → debit column. ✓ …
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CBSE 2022Set MARCH1 markMCQ
$Q. The account which has a debit balance and is shown in the debit column of the trial balance is :$
(a) Drawings A/c
(b) Sundry creditors A/c
(c) Capital A/c
(d) Bills payable account
›Reveal solutionSolution
Drawings A/c has a debit balance and appears in the debit column of the trial balance, so the answer is (a).

In the Tamil Nadu HSC Class-11 Accountancy syllabus, the trial balance lists debit balances in the debit column and credit balances in the credit column. The rule of thumb: assets, expenses/losses and drawings carry debit balances; liabilities, capital and incomes/gains carry credit balances.

Evaluating the options:

(a) Drawings A/c — money/goods withdrawn by the owner; it reduces capital and has a debit balance → debit column. Correct. …
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Q.(Question No. 40 is Compulsory) List the accounts which have only credit balances.

Concept understanding — Methods of Preparing a Trial Balance

Q.(Question No. 40 is Compulsory) List the accounts which have only credit balances.

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