Recommended adjustmnent

Fol. Debit (R) Credit (R) Debit credit

Balance sheet section
Capital B1 470460
Drawings B2 23000
Vehicle B3 279400 11500
Equipment B4 41460 11500
Trading inventory (stock) B5 11460 14000
Debtors control B6 15700
Creditors control B7 8480 2840 11500
bank B8 92327 11500 100 + 115
petty cash B9 2500
Vat control B10 4567
Nominal accounts section

Sales N2 181000
Cost of sales N3 104500 14000
Rent expense N4 26000 2000
Wages and salaries N5 36300
Fuel N6 870
Bank charges N7 210 115
Postage and stationery N8 330
settlement discount rece N9 1490
settlement discount gran N10 1520
interest on current accouN11 9520
Staff refreshments N12 4810
municipality rates and ta N13 31950 2000
Credit losses (Bad debts) N14 1000
interest income N15 690
interest expenses N16 130
673467 676207
ed adjustmnent Corrected trial balance
Debit credit

470460
23000
267900
52960
25460
15700
17140
103612
2500
4567

181000
90500
24000
36300
870
325
330
1490
1520
9520
4810
33950
1000
690
130
684867 684867