You have been appointed as a trainee accountant of an accounting practice called Montrose Accountancy Services....

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You have been appointed as a trainee accountant of an accounting practice called Montrose Accountancy Services. Meleni, a sole trader has approached you for help in preparing a trial balance. She has provided the following balance form her books of account for the year to 31 August 2022. Capital Stocks Account Sales Cash and cash equivalent Bank loan General ledger General ledger Source Sales ledger or accounts receivable Cash book General ledger '000 220 50 100 100 40 You have been appointed as a trainee accountant of an accounting practice called Montrose Accountancy Services. Meleni, a sole trader has approached you for help in preparing a trial balance. She has provided the following balance form her books of account for the year to 31 August 2022. Capital Stocks Account Sales Cash and cash equivalent Bank loan General ledger General ledger Source Sales ledger or accounts receivable Cash book General ledger '000 220 50 100 100 40 Furniture and Fittings Trade receivables Trade payables Wages You are required: a) to extract a trial balance for Meleni. b) explain the source and structure of the trial Balance. General ledger or nominal ledger Sales ledger or receivables ledger Payable ledger or purchase ledger General ledger or nominal ledger 170 40 50 50 You have been appointed as a trainee accountant of an accounting practice called Montrose Accountancy Services. Meleni, a sole trader has approached you for help in preparing a trial balance. She has provided the following balance form her books of account for the year to 31 August 2022. Capital Stocks Account Sales Cash and cash equivalent Bank loan General ledger General ledger Source Sales ledger or accounts receivable Cash book General ledger '000 220 50 100 100 40 You have been appointed as a trainee accountant of an accounting practice called Montrose Accountancy Services. Meleni, a sole trader has approached you for help in preparing a trial balance. She has provided the following balance form her books of account for the year to 31 August 2022. Capital Stocks Account Sales Cash and cash equivalent Bank loan General ledger General ledger Source Sales ledger or accounts receivable Cash book General ledger '000 220 50 100 100 40 Furniture and Fittings Trade receivables Trade payables Wages You are required: a) to extract a trial balance for Meleni. b) explain the source and structure of the trial Balance. General ledger or nominal ledger Sales ledger or receivables ledger Payable ledger or purchase ledger General ledger or nominal ledger 170 40 50 50

Answer rating: 100% (QA)

A Account Debit Credit Cash and cash equivalent 100 Trade Receivables 40 Stocks 50 Capital 220 Sales ... View the full answer