1. Prepare Betty's trial balance from the followinginformation

Items ksh

Purchases 130,000

Capital 150,000

Sales 165,000

Debtors 45,000

Creditors 40,000

Motor vehicles 120,000

Stock 50,000

Cash at bank 10,000

2. Identify the situation in which the following types of ledgers are appropriate:

i) Creditors ledger

ii) Private ledgers

iii) Normal ledger

3. The following balances were extracted from the books of Nyatike Traders Limited as at

31st January 2010 Kshs.

Discount allowed 5,000

Buildings 250,000

Return outwards 6,000

Purchases 74,000

Creditors 20,000

Drawings 16,000

Capital 319,000

Required: Prepare Nyatike Traders Ltd trial balance as at that date

4. The following data pertains to Ceiriog Traders as of December 31, 2009.

Buildings totaling 100,000

54,000 indebtors

136,000 dollars in capital

85,000 units sold

48,000 units are purchased.

On January 1, 2009, the stock price was 25,400 dollars.

35,700 owed to creditors

31.800 in general expenditures

2,500 in bank overdraft

Preparing trial balance for the year ending December 31, 2009.

5. The following trial balance was prepared by an incompetent book keeper thus failed to

balance

Account Dr. Cr.

Fixed assets

Purchases

Sales

Debtors

Stock

Creditors

Capital

120,000

22,000

60,000

247,000

449,000

250,000

80,000

45,000

375,000

6. Outline four errors in a trial balance although present it would still balance