ledger

2 Questions on Ledger Entries +Video Guide

Exam Questions, Financial Accounting / Charles Izuoba

Question 1 on Ledger Entries Open the necessary ledger accounts to record the transaction below, balance it off and extract trial balance as at 31 June 2018. June 1 Started business with N4,000 cash June 3 Bought goods for cash N1,200 June 5 Cash sales paid into bank N3,000 June 7 Withdrew cash for personal use […]

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Ledger Accounts and Trial Balance +Video Guide

2 Comments / Financial Accounting / Charles Izuoba

Ledger Accounts and Trial Balance. In this article, Ledger Accounts, you are going to learn the definition of the term “Trial Balance”, the rules for identification of balances, characteristics of items that can be combined, how to balance off the ledger account and the extraction of a trial balance. Read also; 1,2, and 3 Column

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