Hi,

I am a young economist. Most of my work relates to budget and I have very little experience with trial balance.
I need your help understanding the attached trial balance. Mainly if anything stands out, if you recognize anything important, any mistakes (i.e. - I see no balance in Oct, Sep & Nov) and how can I fix them.

What I also need to understand is how come assets (like cash in bank) are negative. Is this possible in such report or is it a mistake?

Please go easy on me - detailed answers are appreciated.
THANK YOU!

Attachment 46998

Negative cash balance is known as bank overdraft in other words a liability