Hello it is my first time to post here I need help with how to balance my TB.

Rent receivable owing 75
Cash in hand and bank 850
Debtors 1750
Fixtures 2000
Drawings 6000
Loan 2000
Land 22000
Creditors 3000
Capital 29000
Vehicles 3000
Insurance prepaid 50
Electricity Accrued 125
Closing Stock 3600

Net profit 5200

They want me to prepare a trial balance using this figures but I am not balancing at all. I've done my Balance sheet using the information. Please help. Thank you.

Sarah :)

I always get the difference of £1600.

Rent receivable owing Dr. 75
Cash in hand and bank Dr. 850
Debtors Dr. 1750
Fixtures Dr. 2000
Drawings Dr. 6000
Loan Cr. 2000
Land Dr. 22000
Creditors Cr. 3000
Capital Cr. 29000
Vehicles Dr. 3000
Insurance prepaid Dr. 50
Electricity Accrued Cr. 125
Closing Stock Dr. 3600

Net profit 5200
Total 39325 39325

Hi Rehmanvora,

Thank you for answering but if you try to calculate again the Credit side it will only total for 34125?

Quote:

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Originally Posted by xxsarahxx9

Hi Rehmanvora,

Thank you for answering but if you try to calculate again the Credit side it will only total for 34125?

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It appears that you are omitting net profit £5200, which must be included in the trial balance.

Thank you, yeah I have omitted the net profit £5200, as I was not sure if it is to be included in Trial Balance. Thank you for the help :)