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Trial balances
Hi
I am a trying to work out from my ledgers the trial balance before adjustments are made. I have only used the notes for the year ended 30 nov 2005 to produce my ledgers is this correct? As my trial balance does not balance so I am assuming I have missed something out? Thank you Sue mason Balanace sheet at 30 NOV 2004 COST------------- DEPRECIATION---------- NET FIXED ASSETS Vehicles 20,000-------------9,760-------------------- 10,240 Plant 144,000----------- ----82740------------------------ 61,260 Land and property 285,000-------------- 250,800 -------------34,200 449,000 -----------343,300--------- 105,700 CURRENT ASSETS Bank --------------------------------------------22,600 Cash----------------------------------------------1,500 Trade debtors------ 36,400 Provision for doubtful--(3,600)--------- -------32,800 Debts Stock-------------------------------------- -------41,900 Insurance-prepayment --------------------------1,700 ---------------------------------------------------100,500 CURRENT LIABILITIES Trade creditors--------------------------- -------40,200 Accurals: Telephone--------------------------------- -------1,300 Heat& light------------------------------------------ 800 Wages-------------------------------------------- 4,100 Accountancy-------------------------------------- 2,500 ----------------------------------------------------48,900 Net current assets----------------------------------------- -----51,600 LONG TERM LIABILITIES --------------------------------------157,300 8% bank loan----------------------------------------------- -----36,900 NET ASSETS------------------------------------------------ ----120,400 Capital account Balance for the year-------------------------------------- ------132,400 Prfot for the year-------------------------------------------------24000 --------------------------------------------------------------------156400 Drawing------------------------------------------------------------36000 Balance 30 nov 2004-------------------------------------- ------120400 The notes to the accouns for the year ended 30 November 2005: Trading figures Sales for the year 479000 Purchases in the year 292000 Sales returned by customers 14600 Returns to suppliers 8900 Cheques paid out Wages 108000 Motoring expenses 3800 Heat and light 4600 Accountancy 4200 Insurance 1800 Telephone costs 3400 Premises upkeep 5800 New computer equipment (plant) 10100 Vehicle (company van) 8200 Suppliers 247400 Drawing 38000 Air fares to itlay 800 Cheques received From customers 448000 From sue mason 4500 |
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Originally Posted by praeya21
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