Extended Trial Balance Flashcards
1
Q
Step by step what to do
A
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
2
Q
What does provision mean
A
BALANCE SHEET with credit values
3
Q
What is on Balance Sheet
A
Assets and Liabilities
4
Q
What is on Trading Profit and Loss
A
Expense and Income
5
Q
Sales
A
PL
6
Q
Purchase
A
PL
7
Q
Opening stock
A
PL
8
Q
Salaries and wages
A
PL
9
Q
rent and rates
A
PL
10
Q
selling and general expenses
A
PL
11
Q
shop equipment at cost
A
BS
12
Q
Provision for depreciation, shop equipment
A
BS
13
Q
Motor Vehicle at cost
A
BS
14
Q
Provision for depreciation, motor vehicle
A
BS
15
Q
Trade Debtors
A
BS
