Preparing a trial balance On 31 March 2015 the owner of a business extracted the following list
Question:
Preparing a trial balance On 31 March 2015 the owner of a business extracted the following list of balances from the accounting system.
Prepare a trail balance at 31 March 2015.
Transcribed Image Text:
Сapital 13 700 Cash at bank 600 Cash in hand 100 Trade payables 2 500 Trade receivables 1 400 Drawings 2 200 Electricity 300 Furniture 14 900 Loan interest 500 Purchases 7700 Salaries 11 200 Sales 22 700
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Hello Triable Balace as on31 March 2015 Capiotal ...View the full answer
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Related Video
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
Students also viewed these Business questions
-
Preparing a Trial Balance Paige Consultants, Inc., provides marketing research for clients in the retail industry. The company had the following unadjusted balances at September 30, 2012: Required:...
-
Preparing a Trial Balance Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh-brewed coffees, Italian-style espresso beverages, a variety of...
-
The owner of a business told her accountant that she paid her personal revolving charge account with a 30-day, 6.5 percent note for $ 10,000, signed by her business. At the end of the 30 days, the...
-
Based on the book values in the balance sheet of the company presented below, answer the following questions: Assets Liabilities and Shareholders Equity Asset (book value) $ 75 Debt $ 25 Equity $ 50...
-
Which is a composition reaction and which is not? a. NaCl + AgNO3 ( AgCl + NaNO3 b. CaO + CO2 ( CaCO3
-
Pedriani Company is a manufacturer of computers. Its controller resigned in October 2011. An inexperienced assistant accountant has prepared the following income statement for the month of October...
-
In what ways might a governmental college or university benefit from continuing to use the AICPA College Guide fund accounting model for internal purposes? What are the possible drawbacks to doing...
-
Let Fig. represent a strip of an unknown metal of the same dimensions as those of the silver ribbon in Exercise 27.51. When the magnetic field is 2.29 T and the current is 78.0 A, the Hall emf is...
-
"A firm is expected to generate a single risky cash flow in one year. The CF will be either $90 (with probability 0.5) or $30 (with probability 0.5). All investors are risk neutral. The interest rate...
-
According to the expectations theory, which of the following is closest to the one-year implied forward rate one year from now? a. 6.58 percent b. 5.75 percent c. 6.25 percent James Wallace, CFA, is...
-
Explain the ten-n 'revenue expenditure' and give two examples of it.
-
If you wished to check the accuracy of the returns outwards journal, which of the following should you examine, referring to copies if necessary? A. Credit notes issued B. Credit notes received C....
-
Refer to Apples statement of comprehensive income in Appendix A. What is the amount of change in foreign currency translation, net of tax effects, for the year ended September 30, 2017? Is this...
-
You are an external auditor in a firm that undertakes the audit of Canadian Life and Mutual (CLM), a large, Montreal-based financial institution. CLM relies heavily on its computer-based information...
-
You need to temporarily increase the feed rate to an existing column without flooding. Since the column is now operating at about \(90 \%\) of flooding, you must vary some operating parameter. The...
-
Consider, again, the clothing data set. Obtain the three summary plots of the sample cross-correlations for lags 1 to 21.
-
Based on the dangling-else discussion in Exercise 3.27, modify the following code to produce the output shown. Use proper indentation techniques. You must not make any additional changes other than...
-
Consider the random process \(U(t)=A\), where \(A\) is a random variable uniformly distributed on \((-1,1)\). (a) Sketch some sample functions of this process. (b) Find the time autocorrelation...
-
If Punxsutawney Phil sees his shadow on February 2, then legend says that winter will last 6 more weeks. In 118 years, Phil has seen his shadow 104 times. (a) What is the probability that Phil will...
-
Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2016 and 2015. 2016 2015 Sales $4,857,500 $4,752,900 Cost of goods sold 3,258,950 3,207,000...
-
If a company sells its products only from a website, which is accessible over the Internet to customers from all over the world, does it still need to worry about having a specific ta r get market?...
-
Explain, in your own words, what each of the four Ps involves.
-
Evaluate the texts statement, A marketing strategy sets the details of implement a tion.
-
Crane, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,794,207. Management expects that this will lead to additional cash flows of $1,560,000 for the next six...
-
Match each of the following transactions with the applicable internal control principle that is being violated
-
Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...
Study smarter with the SolutionInn App