Accounting Test Question No 3. On Trial Balance

Accounting Test Question No.3 In Tim’s book, the following June 2007 are recorded. You are required to extract a Trial Balance as at 30 June 2007. June 2. Started business with $600 in the bank 3. Bought $500 goods on credit from Supplier A 4. Credit sales : X-$20 Y-$80 Z-$100 5. Cash Sales $250 [...]

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Accounting Test Question No 2: In Douglas’s book, the following May 2007 are recorded. You are required to extract a Trial Balance as at 31 May 2007. May 1. Started business with $600 in the bank 2. Bought $500 goods on credit from Supplier A 3. Credit sales : X-$20 Y-$80 Z-$100 5. Cash Sales [...]

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Accounting Test Question No 1: Write up the asset and liability accounts to record the following transactions of Mr A and extract a Trial Balance as at 30 June 2007: June 1. Started business with $3,500 in the bank 3. Bought office machinery by cheque $250 4. Bought furniture $350 on credit from Supplier XYZ [...]

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