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

    Jan 14, 2007, 11:00 PM
    Accounts double-entry principle
    Hi I'm a student preparing for my accounts exams

    My question
    What are the balances use to make up the Trial Balance and how do you prepare it?
    metalhead's Avatar
    metalhead Posts: 1, Reputation: 1
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    #2

    Oct 13, 2007, 10:35 AM
    Quote Originally Posted by Tesla
    Hi I'm a student preparing for my accounts exams

    my question
    what are the balances use to make up the Trial Balance and how do you prepare it?
    Hi... it's simple.. u have to put da rite items on debit and credit side.. expenses... discount allowed.. fixed assets are usually found on dr side.. whereas provision 4 bad debts depreciation are on da credit side.. discount received... all items receivable on da cr side..
    Kennetah's Avatar
    Kennetah Posts: 1, Reputation: 1
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    #3

    Nov 20, 2007, 09:15 AM
    Quote Originally Posted by Tesla
    Hi I'm a student preparing for my accounts exams

    my question
    what are the balances use to make up the Trial Balance and how do you prepare it?
    When you balance off all the account in your books you would have a b/d or b/f figure. All you have to do is list all the account with these figures and which ever side it was brought down on is the side it has to go on in the trial balance.
    tshepomocharene's Avatar
    tshepomocharene Posts: 1, Reputation: 1
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    #4

    May 14, 2009, 03:43 AM

    What are the principle of double entry?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #5

    May 15, 2009, 01:19 PM

    All accounts that are in the Chart of Accounts are used in the Trial Balance. The Trial balance is used to verify that your Debits and Credits are qual.
    dark_gurl's Avatar
    dark_gurl Posts: 2, Reputation: 1
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    #6

    Jan 6, 2011, 11:49 AM
    In accounts what does principal means e.g. March 21 Paid loan by cheque $2400;$2000 towards PRINCIPAL
    dark_gurl's Avatar
    dark_gurl Posts: 2, Reputation: 1
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    #7

    Jan 6, 2011, 11:49 AM
    Comment on dark_gurl's post
    What's the answer?
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