The following information is given for Boris Klien at 31 July 20*8: capital at 1 August 20*7
Question:
The following information is given for Boris Klien at 31 July 20*8:
capital at 1 August 20*7 £2,387; motor vehicle £18,000; machinery £21,000; premises £75,000; wages £23,471; rent £8,500; rates £1,342; purchases £68,577; sales £202,767; returns inwards £312; returns outwards £928; stock 1 August £4,968; debtors £14,307; creditors £8,942; bank balance £4,547; mortgage £25,000.
Required
Prepare a trial balance at 31 July 20*8.
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A trial balance is a list of all the accounts and their balances at a specific po...View the full answer
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