Prepare a Trial balance as at 31 December 2015, with the following accounts balances. (10...

60.1K

Verified Solution

Question

Accounting

Prepare a Trial balance as at 31 December 2015, with the following accounts balances. (10 Marks) Account Amount (P) Sales 532000 Purchases 308000 Rent 7600 Electricity 1400 Salaries & Wages 104000 Discount allowed 6000 Buildings 169600 Fixtures 4000 Accounts receivable 62400 Sundry expenses 600 Accounts payable 32000 Cash at bank 30000 Drawings 57200 Motor vans 32000 Motor expenses 9200 Capital 228000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students