Donalds transactions for the month of March 2021 are as follows: Required (a) Enter the above transactions
Question:
Donald’s transactions for the month of March 2021 are as follows:
Required
(a) Enter the above transactions in appropriate ledger accounts.
(b) Balance each account as at 31 March 2021.
(c) Extract a trial balance as at that date.
Transcribed Image Text:
Item Cash receipts Capital contributed Sales to customers Cash payments Goods for sale Stationery Postage Travelling Wages Transfers to bank Bank receipts Receipts from trade debtors £ 6000 3000 4000 500 300 600 2900 500
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Related Book For
Accounting For Non Accounting Students
ISBN: 9781292286938
10th Edition
Authors: John Dyson, Ellie Franklin
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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