I know how to make journal entries and T-accounts.
But I don't know the format of trial balances, and I don't know if it's debit or credit.
Please help. My exam is tomorrow.
I know how to make journal entries and T-accounts.
But I don't know the format of trial balances, and I don't know if it's debit or credit.
Please help. My exam is tomorrow.
On a T-account the left side is a Debit and the right side is a Credit.
An Asset has a normal Debit Balance
Liabilities and Owners Equity are norma Credit Balances.
Expenses have a normal Debit Balance
Revenues have a normal Credit Balance.
Please give Format of Trail Bance Sheet
See Attached
How to do trial balance
See my previous post. I attached an Excel file that shows what a trial balance looks like.
Just list your accounts with their Debit or Credit balances, then add you Debits and add your credits. Your totals should equal.
Please give me the format for A'level balance sheet
Thank you in advance
Please any one attch the full formate of manufacturing factory trial balance
Please please
See my other post with the Excel Worksheet. A manufacturing company will have extra accounts listed, but the format for a trial balance will be the same.
Accounting is intersting subject... :) :)
Hi,
Can u please help me
I don"t understand why the sales account & purchases account shouldn"t have the balance to be brought down but have to transfer to income statement..?
Accounting requires you have some common sense can read and are willing to study, not just ask stupid questions on a web site
I don't understand the question. The accounts are closed out at the end of the period and transferred to the income account. There is no balance brought down.The income statement is a representation of the balances arranged in a logical manner so that the accounts can be presented
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