Question
QUESTION:1 Draw a trial balance of john ltd and post the following items; Purchase10,000 Capital30,000 Land and building6,500 Machinery4,200 Wages300 Sales8,000 Stock4,000 Insurance600 Drawings2,000 Rent
QUESTION:1 Draw a trial balance of john ltd and post the following items;
Purchase10,000
Capital30,000
Land and building6,500
Machinery4,200
Wages300
Sales8,000
Stock4,000
Insurance600
Drawings2,000
Rent receivable4,000
Rent3,500
Bill payable2,100
Bill receivable1,400
Profit Bought Forward1,500
Equipment13,000
Cash4000
Bank8,500
Creditors10,000
Debtors6,800
Carriage outward300
Return inward400
Return outward300
Loan5,000
Interest on loan600
Bank overdraft1,000
QUESTION 2: What is a Trial Balance?
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
