The following trial balance has been completed but errors have been made. You are to redraft the
Question:
The following trial balance has been completed but errors have been made. You are to redraft the trial balance in correct form. You can assume that the balance on the suspense account will be zero in the correct version.
Transcribed Image Text:
Sales Purchases Returns inwards Returns outwards Equipment Rent received Office expenses Motor vehicles Inventory at 1 January 2011 Inventory at 31 December 2011 Trade payables Trade receivables Bank overdraft Wages and salaries Insurance Capital Drawings Suspense Dr 432 21,000 12,300 8,722 6,900 8,786 2,246 841 26,000 13,125 119,322 219,674 Cr 118,944 76,574 342 1,220 314 9,950 12,330 219,674
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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