Page 93 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx

From trial balance to financial statements

Example 2

Required:

Prepare the trial balance using Illustration 1 and Example 1.

Example 2: Solution

$ $
Capital
Cash
Bank
Purchases
JM
ERD
Wages
Rent
Sales
Furniture
SP
Fittings
Advertising
KM
Drawings
Carriage outwards
Carriage inwards
–––––– ––––––

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