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SSC Financial and Cost Accounting P-1 QUESTION #6129
Question 1

Which items appear in the credit column of a trial balance?

  • Discounts allowed, returns inwards
  • Discounts allowed, returns outwards
  • Discounts received, returns inwards
  • Discounts received, returns outwards✔️
Correct Answer Explanation

Option D is correct.

  • Discounts received — income from suppliers, credit balance.
  • Returns outwards (purchases returns) — reduces purchases expense, credit balance.

Discounts allowed and returns inwards are debit balances.