An accounts clerk has compiled Trent's trial balance as at 31 March 2010 as follows: Required: Compile
Question:
An accounts clerk has compiled Trent's trial balance as at 31 March 2010 as follows:
Required:
Compile Trent's corrected trial balance as at 31 March2010.
Transcribed Image Text:
Dr Cr Bank (overdrawn) Capital Discounts allowed Discounts received Dividends received Drawings Investments Land and buildings Office expenses Purchases Sales Suspense (unexplained balance) Rates Vans Van expenses Wages and salaries 2000 50000 5000 3000 2000 23000 14000 60000 18000 75000 250000 6000 7000 20000 5000 80000 310000 310000
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TRENT TRENT Corrected trial balance at 31 March 2012 Bank overdrawn Ca...View the full answer
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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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