Trial Balance

 

  • The balances from all the ledger accounts

  • The debit side total should equal the credit side total (contra account concept)

  • Divided into nominals and balance sheet for the purpose of the financial statements 

  • (the trial balance below is just an example of the layout of the accounts) 

Trial Balance - 30 September 2019 

Screenshot 2020-10-02 at 14.29.18.png

References

  • Anon., 2007. The Answer series: Grade 11 Accounting. 2007 ed. Cape Town: The Answer.

  • Anon., 2019. Investopedia. [Online]. Available at: https://www.investopedia.com/ [Accessed 3 October 2019].

  • Doctor, K., 2015. FLIPHTML5. [Online]. Available at: http://fliphtml5.com/fkul/mgtf/basic [Accessed 1 October 2019].

  • T Hall, D. W. P. S. A. A. P. G. P. F., 2017. Accounting Study Guide. 2016 ed. Musgrave: New Generation Publishers .

Neha Pillay (2019)

Grade 10Keroshan PillayComment