Originally Posted by praeya21
Hi
i am a trying to work out from my ledgers the trial balance before adjustments are made.
i have only used the notes for the year ended 30 nov 2005 to produce my ledgers is this correct? as my trial balance does not balance so i am assuming i have missed something out?
thank you
sue mason
Balanace sheet at 30 NOV 2004
COST------------- DEPRECIATION---------- NET
FIXED ASSETS
Vehicles 20,000-------------9,760-------------------- 10,240
plant 144,000----------- ----82740------------------------ 61,260
Land and property 285,000-------------- 250,800 -------------34,200
449,000 -----------343,300--------- 105,700
CURRENT ASSETS
Bank --------------------------------------------22,600
Cash----------------------------------------------1,500
Trade debtors------ 36,400
Provision for doubtful--(3,600)--------- -------32,800
debts
Stock-------------------------------------- -------41,900
Insurance-prepayment --------------------------1,700
---------------------------------------------------100,500
CURRENT LIABILITIES
Trade creditors--------------------------- -------40,200
Accurals:
Telephone--------------------------------- -------1,300
Heat& light------------------------------------------ 800
Wages-------------------------------------------- 4,100
accountancy-------------------------------------- 2,500
----------------------------------------------------48,900
Net current assets----------------------------------------- -----51,600
LONG TERM LIABILITIES --------------------------------------157,300
8% bank loan----------------------------------------------- -----36,900
NET ASSETS------------------------------------------------ ----120,400
capital account
balance for the year-------------------------------------- ------132,400
prfot for the year-------------------------------------------------24000
--------------------------------------------------------------------156400
drawing------------------------------------------------------------36000
balance 30 nov 2004-------------------------------------- ------120400
the notes to the accouns for the year ended 30 november 2005:
trading figures
sales for the year 479000
purchases in the year 292000
sales returned by customers 14600
returns to suppliers 8900
cheques paid out
wages 108000
motoring expenses 3800
heat and light 4600
accountancy 4200
insurance 1800
telephone costs 3400
premises upkeep 5800
new computer equipment (plant) 10100
vehicle (company van) 8200
suppliers 247400
drawing 38000
air fares to itlay 800
cheques recieved
from customers 448000
from sue mason 4500
