Accounting – 3.1 The trial balance | e-Consult
3.1 The trial balance (1 questions)
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Answer 1
ABC Company
Trial Balance
As at 31st December 2023
| Debit | Credit |
| Cash at Bank | £12,500 |
| Cash on Hand | £500 |
| Accounts Receivable | £28,000 |
| Inventory | £15,000 |
| Accounts Payable | £10,500 |
| Loan from Bank | £25,000 |
| Capital | £40,000 |
| Revenue | £75,000 |
| Rent Expense | £6,000 |
| Salaries Expense | £12,000 |