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Such a balance will be a credit balance as per the passbook.To them the path to salvation lay in meditation on the formless Ultimate Reality and the realisation of oneness with it.There is no disagreement that creativity is determined by both heredity and environment.A trial balance is a statement showing the balances, or total of debits and credits, of all the accounts in the ledger with a view to verify the arithmatical accuracy of posting into the ledger accounts.In case the debit side exceeds the credit side, the difference is written on the credit side, if the credit side exceeds the debit side, the difference between the two appears on the debit side and is called debit and credit balance respectively.However, the seller of goods even after extension of credit can get payment immediately either by discounting the bill with the bank or by endorsing it in favour of a third party.This journal is used to record return of goods by customers to them on credit.A shareholder is an owner of the company whereas a debenture holder is only a loan creditor.The amount of premium is credited to Securities Premium account and is shown on the liabilities side of the balance sheet under the head “Reserves and Surpluses”.Recording non-operating incomes and gains on the credit side of income statement.Normally, they do not manufacture, purchase or sell goods and may not have credit transactions.The values of debit and credit cannot be null because of total participation of vouchers in debit and credit relationship.A ledger is the collection of all the accounts, debited or credited, in the journal proper and various special journal (about which you will learn in chapter 4).This column is meant to store the amount of transaction and is common to the accounts being debited and credited.However, in the bank column, there can be credit balance also because of overdraft taken from the bank.