Why is trial balance prepared? Give one reason.

Which of the following appear in the debit column of the Trial Balance? Advertising, Cash in hand, Drawings, Fixtures and fittings, Trade receivables

Which of the following appear in the credit column of the trial balance? Capital, Drawings, Sales returns, Sales revenue, Stationery.

After the trial balance is prepared, business paid rent expense, $800.

What is a trial balance?

Is cost of sales reported in the debit or credit column? Why?

State if loan from bank is reported in the debit or credit column of the trial balance.

The cash at bank is reported in the credit column. What does that mean?

After the trial balance is prepared, the owner took inventory for own use, $600. What changes must be made to the trial balance items?

After the trial balance is prepared, the owner contributed $4 000 cash into the business bank account. How will this affect the trial balance?

In which column will discount received appear?

Is Loan to Employee reported in the debit or credit column? Why?

After the trial balance is prepared, the business bought inventory $1 000 on credit.