Extended Trial Balance

Question 1

Step by step what to do

Answer 1

Write PL or BS by each one

Write expense and income, Assets and Liability

2 entries in adjustments

where no adjustments transfer to PL or BS

write totals in

Question 2

What does provision mean

Answer 2

BALANCE SHEET with credit values

Question 3

What is on Balance Sheet

Answer 3

Assets and Liabilities

Question 4

What is on Trading Profit and Loss

Answer 4

Expense and Income

Question 5

Sales

Answer 5

PL

Question 6

Purchase

Answer 6

PL

Question 7

Opening stock

Answer 7

PL

Question 8

Salaries and wages

Answer 8

PL

Question 9

rent and rates

Answer 9

PL

Question 10

selling and general expenses

Answer 10

PL

Question 11

shop equipment at cost

Answer 11

BS

Question 12

Provision for depreciation, shop equipment

Answer 12

BS

Question 13

Motor Vehicle at cost

Answer 13

BS

Question 14

Provision for depreciation, motor vehicle

Answer 14

BS

Question 15

Trade Debtors

Answer 15

BS

Question 16

Trade Creditors

Answer 16

BS

Question 17

Cash at Bank

Answer 17

BS

Question 18

Provision for doubtful debts

Answer 18

BS - credit value

Question 19

Drawings

Answer 19

BS

Question 20

Capital

Answer 20

BS

Question 21

Closing Stock

Answer 21

BS and PL

Question 22

Accruals

Answer 22

BS

Question 23

Prepayments

Answer 23

BS

Question 24

Doubtful Debts

Answer 24

PL

Question 25

Depreciation - motor vehicle

Answer 25

PL - debit

Question 26

Depreciation - shop equipment

Answer 26

PL - debit

Question 27

bad debts

Answer 27

PL

Question 28

Fixtures and Fittings

Answer 28

BS

Question 29

Bank overdraft

Answer 29

BS

Question 30

Motor Expenses

Answer 30

PL