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  • Bookkeeping Seminar Student

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    This document contains a trial balance for N. Moss as of May 31st. It lists various accounts including cash at bank, cash in hand, purchases, sales returns, stationery, capital, loans, rent, wages, sales, drawings, trade payables, trade receivables, furniture and fittings, utilities, and a trial balance total. The trial balance is extracted before closing off accounts and transferring balances to produce financial statements, including a statement of financial position as of May 31st. The trial balance is used to check the accuracy of accounts before the annual financial reporting period ends.

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    Bookkeeping seminar student

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    This document contains a trial balance for N. Moss as of May 31st. It lists various accounts including cash at bank, cash in hand, purchases, sales returns, stationery, capital, loans, rent, wages, sales, drawings, trade payables, trade receivables, furniture and fittings, utilities, and a trial balance total. The trial balance is extracted before closing off accounts and transferring balances to produce financial statements, including a statement of financial position as of May 31st. The trial balance is used to check the accuracy of accounts before the annual financial reporting period ends.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views8 pages

    Bookkeeping Seminar Student

    Uploaded by

    Grace
    This document contains a trial balance for N. Moss as of May 31st. It lists various accounts including cash at bank, cash in hand, purchases, sales returns, stationery, capital, loans, rent, wages, sales, drawings, trade payables, trade receivables, furniture and fittings, utilities, and a trial balance total. The trial balance is extracted before closing off accounts and transferring balances to produce financial statements, including a statement of financial position as of May 31st. The trial balance is used to check the accuracy of accounts before the annual financial reporting period ends.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    Cash at bank

    Debit (money received) Credit (money spent)


    £ £

    Cash in hand
    £ £

    Purchases
    £ £

    Purchase returns / Returns outwards


    £ £

    Sales returns / Returns inwards


    £ £

    Stationery
    £ £

    Statement of profit or loss account


    Unknown figure is the inventories which have not been sold in this financial year
    Capital
    Debit Credit
    £ £

    Loans
    £ £

    Rent
    £ £

    Wages
    £ £

    Sales / Revenue / Income / Turnover


    £ £

    Drawings
    £ £

    S. Oak (trade payable)


    £ £

    K. Heath (trade receivable)


    £ £
    Furniture & fittings (non-current asset)
    £ £

    Utilities
    £ £
    A trial balance is used to check for accuracy. The trial balance is extracted before closing off accounts and transferring bala
    Trial balance as at 31 May
    £ £
    Debit Credit

    The trial balance is used to produce the financial statements


    Statement of financial position as at 31 May for N. Moss
    £
    accounts and transferring balances into the next financial period.
    sundry other expense / income
    miscellaneous other expense / income
    leasehold / freehold both treated as noncurrent assets

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