hello, I have problem with my assignment. Can anyone help me with one question?
I have to prepare journals, ledger, trial balance, profit and loss and balance sheet.
Jan 6
Bought spare parts on credit 27000
cash sale 62500
Jan 7
charged Moji for repairs 5000
sold spare parts to Koba on credit 1500
pay rent 1000
Paid subscription to motor repairs association 300
Jan 8
cash sale 9500
Bought tow truck on credit 150000
Paid cash as deposit on truck 45000
Jan 10
Paid electricity 2500
Received fees for parking space provided 4000
received new signboard in payment of spare parts sold valued 6000
moji paid his account 5000

I will be very grateful if anyone can help me, I have no idea how to do it.
Thank you

How do I prepare trial balance

how do i prepare trial balance

Please start your own thread for your own questions.

A trial balance is just a list of each of your accounts with their ending balances on the proper debit & credit sides.

cyca, one question? This is like an entire chapter's worth of stuff, if not more. You have to do all these journal entries, knowing how to interpret them all and do the debits & credits, and posting, the trial balance, and then doing all the financial statements. This is nothing close to "one" question. It's a big problem with a lot of pieces and parts. There wouldn't even be a way to give you a hint to "get you started," because I have no idea whether you even understand the debits & credits or not, and that in itself is an entire chapter. You can't expect someone to explain an entire chapter to you from scratch.

You are going to need to get more specific and not post some big giant problem with a billion pieces to it. And keep in mind that we are also not here to just do your homework for you. You need to make an attempt to at least try to do your own work. If you don't understand something, then you need to ask for an explanation of that one specific thing. A big problem like this isn't "one specific thing."

Jan 6 Credit party A/c. and Debit purchases a/c. (net of VAT) by Rs.27000 (less vat) in cash book or journal book.
Debit cash book and credit sales a/c. in cash book
(I don't. Know your using manual or computerised account)

Jan 7

Repair and maintenance a/c. debit by rs. 5000 in cash book

Koba a/c. debit and sales ac/ credit by Rs.1500 (net of VAT) in journal book or cash book as its credit

Rent a/c.debit by rs. 1000 in cash book (Give narration to every entry

subramanyanadig, the thread is two years old and being closed.

Also, we do not just answer people's homework for them, so please do not do that any further.