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The companys adjusted trial balance as of the end of its fiscal year is shown belowOkabe Company Adjusted Trial BlanceJuly.
Trial balance for the year ended. Finally after the period has been closed the report is called the post-closing trial balance. Insurance for the year to31 March 20X7 amounting to 1680 was paid on 16 April. Service Revenue had a 9500 credit balance in the trial balance column and a 600 credit balance in the Adjustments column.
The trial balance is strictly a report that is compiled from the accounting records. From the following Trial Balance of Shubdo Banerjee prepare final accounts for the year ended in 31st March 2018. From the following Trial Balance of MS Mitesh and Mangesh you are required to prepare Trading and Profit and Loss Account for the year ended 31st March 2019 and Balance Sheet as on that date.
The unadjusted trial balance on December 31 2015 and adjusting entries for the month of December are given below. The trial balance is the sum-total of all the end balances that are directly taken from the ledger accounts to see whether the total of debit and the total of credit are equal or not. There were no issuances of stock during the year.
It has all the figures for the full year of trading. I Closing Stock Rs. Goes to the balance sheet.
You will do the same process for all accounts. From the adjusted trial balance. New attempt is in progress.
Selected accounts from WooHoo Cos adjusted trial balance for the year ended December 31 follow. To get the 10100 credit balance in the adjusted trial balance column requires adding together both credits in the trial balance and adjustment columns 9500 600. For Year Ended December 31 Beginning Retained Earnings.
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