1. The trial balance
PART 1

2. Trial Balance
In order to check that there is a matching debit for every credit entry, we do a trial balance. We enter all the debits in one column and all the credits in another column. The total in each column should balance. If it does not, then there is an error somewhere in your t-accounts (you may have missed a credit or debit entry)

3. Trial Balance
Using your starter (Balancing-off accounts), prepare a trial balance Dr Cr
Purchases
Sales
Returns inwards
Returns outwards
D.Small
A.Lyon
D.Huges
M.Spencer
Cash
Total

4. ANSWERS Dr Cr Purchases 940 Sales 490 Returns inwards 15
Returns outwards 16
D.Small
220
A.Lyon
624
D.Huges 60
M.Spencer 45
Cash
445
355
Total
1,780

5. Review questions worksheet
PEARLS
Purchase
Expenses
Assets
Revenue
Liabilities
Sales
This may help you to remember which accounts to debit or credit when the increase in value
DEBIT
CREDIT