Ask Experts Questions for FREE Help !
Ask
    alashea88's Avatar
    alashea88 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Feb 5, 2011, 09:23 PM
    I have a question about accounting
    How to complete a trial balance. Where to start at? Im lost.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Feb 6, 2011, 10:47 AM

    First you need to get your balances of all of your accounts, then you list them with their account balances. Then you add your debits to get your total debits. You add your credits to get your total credits.

    Your total Debits should equal your total Credits.

    I have attached a sample Trial Balance for you in Excel 97-2003 format, which is the format a trial balance will look like.
    Attached Files
  1. File Type: xls Trial Balance.xls (20.0 KB, 142 views)
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

I have an accounting question [ 1 Answers ]

A company that uses a perpetual inventory system made the following cash purchases and sales: Jan 1: Purchased 100 units at $10 per unit Feb 5: Purchased 60 units at $12 per unit. March 16: Sold 40 Units for $16 per unit Prepare general Journal entries to record the March 16 sale assuming a...

I have an accounting question [ 0 Answers ]

A company purchased 1,000 units of inventory on sept 25 and the cost per unit was $8>50. Terms of the purchase were 2/10, n/30. The invoice was paid in full on Oct 4. (Assume a perpetual inventory system) Prepare the journal entries to fully reflect these Merchandise transactions I am not...

Accounting Question [ 1 Answers ]

Canyon Realty Co. pays weekly salaries of 12,000 of Friday for a five-day week ending on that day. What is the adjustment at the end of the accounting period, assuming that the period ends (a) on Tuesday, (b) on Wednesday? Indicate each account affected, whether the account is increased or...

Accounting question [ 1 Answers ]

Sky Probe sells state- of- the- art telescopes to individuals and organizations interested in studying the solar system. At December 31 last year, the company’s inventory amounted to $ 250,000. Dur-ing the first week of January this year, the company made only one purchase and one sale. These...

View more questions Search