Answer Posted / shailaja
balancesheet and profit and loss a/c can be prepared with
the transactions,all d transactions are written in jounal
entires and tht entires are helpful to prepare leger a/c
after leger accounts we have to prepare the trial balance
it is the final step of accounting process by the result of
trail balance we can prepare p & l a/c and balance sheet.
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describe any accounting process that you have developed or revised
formula of reduction in tax credit of vat form 201(gujarat)
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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