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    kingkid2's Avatar
    kingkid2 Posts: 1, Reputation: 1
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    #1

    Jan 21, 2009, 01:38 AM
    Trail balance sheet
    :confused:How to a trial balance sheets and where do operating expense go on the balance sheet
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Jan 22, 2009, 01:59 AM

    Trial Balance is a summary of all the
    Ledger accounts at a specific date.
    All the debits must equal all the credits,
    This is by definition.

    Operating expenses do not feature on the balance sheet.
    Operating expenses feature on the profit and loss statement.
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