Download
1 / 4
50 likes | 505 Views
The Trial Balance. Business Studies. Trial Balance. The Trail balance is the list of figures that will be used to create all the final accounts. A Trial Balance will Balance the total of each column will be identical. Example Trial Balance. Dr Cr Purchases 100 Sales 200
E N D
The Trial Balance Business Studies
Trial Balance • The Trail balance is the list of figures that will be used to create all the final accounts. • A Trial Balance will Balance the total of each column will be identical
Example Trial Balance Dr Cr Purchases 100 Sales 200 S Knight 150 Cash 210 260 460 460
Profit & Loss Accounts / Balance Sheets • All figures for these two accounts are shown in the Trial Balance • Except for the Closing Stock which is often shown as a separate figure below the Trial Balance Exercise
