PDA

View Full Version : Does purchases go on the adjusted trial balance?


mckenziem
Dec 15, 2010, 10:26 AM

Just Looking
Dec 15, 2010, 11:15 AM
Purchases go on the trial balance, but you should have info about your ending inventory so that your adjustments will include an entry to zero out Purchases, and adjust Inventory and COGS. Your adjusted trial balance would not have a balance in Purchases.