Ahmed has extracted a trial balance from his books of account at 30 November 2014 that includes
Question:
Ahmed has extracted a trial balance from his books of account at 30 November 2014 that includes the following entries.
You are told that one month's rent of $1100 is still outstanding and that Ahmed has used $630 of electricity that has not yet been billed to him. Required Detail the journal entries to include these amounts in the financial statements.
Dr ($) Cr ($) Rent and rates 14 120 Electricity charges 4113
Step by Step Answer:
To include the outstanding rent and electricity charges that have not yet been billed ...View the full answer
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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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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