2. The following are the balances on the accounts of ABC on 31 August 2021: Sales 41,700 Purchases 34,680 Receivables. 6,790 Payables 5,650 General expenses. 12,760 Loan 10,000 Plant and Machinery at cost of 5,000 Motor Van at cost 6,000 Drawings. 2,000 Rent and rates 6,700 Insurance 4,000 Bank overdraft 510 Capital 20,000

Required: a) Prepare ABC's trial balance as of 31 August 2021. b) Explain the benefits and limitations of the trial balance in a business Organisation.