Trial Balance
The balances from each account can be checked in a trial
balance to see if you have followed the rules of double
entry book-keeping, i.e for every debit there is a
corresponding credit.
Rule for trial balance:
Debit in the ledger, debit in the trial balance
Credit in the ledger, credit in the trial balance
Trial Balance as on 11/6/2011
Details
Toy Ltd
DR €
CR €
17,025
Roy LTD
6810
Purchases Returns
6000
Sales
19000
Sales Returns
4000
Purchases
12000
VAT
1215
33025
33025
Complete the appropriate Day Books for the following questions and post to ledger
accounts. Then extract a trial balance.
2009
1/7
5/7
8/7
12/7
Sold goods on credit to Cox Ltd
Purchased goods on credit from Mocks Ltd
Returned goods to Mocks Ltd
Cox returned goods
2010
5/6
7/6
9/6
11/6
Sold goods on credit to Toy Ltd
Purchased goods on credit from Roy Ltd
Returned goods to Roy Ltd
Toy returned goods
2011
2/4
5/4
7/4
10/4
Sold goods on credit to Lamb Ltd
Purchased goods on credit from Sheep Ltd
Returned goods to Sheep Ltd
Lamb returned goods
2012
8/6
9/6
15/6
17/6
Sold goods on credit to Mee Ltd
Purchased goods on credit from Glee Ltd
Returned goods to Glee Ltd
Mee returned goods
Inv no. 3
Inv no. 4
Cred no. 5
Cred no. 7
Inv no. 7
Inv no. 15
Cred no. 12
Cred no. 16
Inv no. 7
Inv no. 10
Cred no. 8
Cred no. 12
Inv no. 12
Inv no. 18
Cred no. 14
Cred no. 21
€18,000
€18,000
€5,000
€12,000
€19,000
€12,000
€6,000
€4,000
€21,000
€11,000
€6,000
€4,000
€22,000
€11,000
€9,000
€5,000
VAT 21%
VAT 21%
VAT 21%
VAT 21%
Vat 13.5%
Vat 13.5%
Vat 13.5%
Vat 13.5%
VAT 21%
VAT 21%
VAT 21%
VAT 21%
Vat 13.5%
Vat 13.5%
Vat 13.5%
Vat 13.5%