Question
I need help with the following question please - Ben Cook owns and operates a business called Ben Cook Traders, which sells products to retail
I need help with the following question please -
Ben Cook owns and operates a business called Ben Cook Traders, which sells products to retail outlets throughout the country.
The business has been trading for 10 years. On the3rd July 2014 a fire destroyed the building in which all the accounting documentation was held. All business documentation was burned however, Ben had recently prepared his end of financial year business trial and had kept a copy on his computer at home.
Ben needs to get some documentation completed again and has asked you to do it for him. He has provided you with the trial balance sheet from home and has requested you complete the following tasks:
1.Record the account balances in the general ledger accounts
__________________________
The assignment provides a trail balance. I can't copy it all but here is some of the trail balance.
Advertising 55000 DR
Bad debts 12000 DR
Bank 30000 CR
Buildings 80,0000 DR
Buying expenses 14,800 DR
How would you record this in a general ledger?
They have provided a table that has the following headings for me to record the transactions.
Date |PARTICULARS | Ref | DEBIT | Credit Balance | DR/CR
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started