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    Bookkeeping - Question Bank (2022)

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    Karan Khanna
    The document provides a trial balance listing account names and amounts to be placed in either the debit or credit column. It includes common accounts like bank interest received, expenses, wages, equipment, receivables, payables, loans, capital, sales, purchases, returns, and VAT repayment amounts. The goal is to properly categorize each amount as a debit or credit and calculate the totals of each column.

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    Bookkeeping - Question Bank (2022)

    Uploaded by

    Karan Khanna
    69 views1 page
    The document provides a trial balance listing account names and amounts to be placed in either the debit or credit column. It includes common accounts like bank interest received, expenses, wages, equipment, receivables, payables, loans, capital, sales, purchases, returns, and VAT repayment amounts. The goal is to properly categorize each amount as a debit or credit and calculate the totals of each column.

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    The document provides a trial balance listing account names and amounts to be placed in either the debit or credit column. It includes common accounts like bank interest received, expenses, wages, equipment, receivables, payables, loans, capital, sales, purchases, returns, and VAT repayment amounts. The goal is to properly categorize each amount as a debit or credit and calculate the totals of each column.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    69 views1 page

    Bookkeeping - Question Bank (2022)

    Uploaded by

    Karan Khanna
    The document provides a trial balance listing account names and amounts to be placed in either the debit or credit column. It includes common accounts like bank interest received, expenses, wages, equipment, receivables, payables, loans, capital, sales, purchases, returns, and VAT repayment amounts. The goal is to properly categorize each amount as a debit or credit and calculate the totals of each column.

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    Bookkeeping 5: The Trial Balance 11

    SECTION B – Practical tasks

    5.1 – Trial Balance


    Below is a list of balances to be transferred to the trial balance. Place the figures in the debit or credit
    column, as appropriate, and total each column.

    Account name Amount Debit Credit


    $ $ $
    Bank interest received 108
    Bank charges 695
    Heat and light expenses 22,303
    Wages and salaries 32,918
    Computer equipment 6,200
    Receivables 19,348
    Bank overdraft 2,416
    VAT repayment due/owed from HMRC 3,834
    Payables 8,631
    Bank loan 8,000
    Capital 10,000
    Sales 109,679
    Purchases 51,008
    Sales returns 3,567
    Purchases returns 1,039
    Totals

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