Page 123 - Book-keeping for Secondary Schools Student’s Book Form One

Trial balance

The format of a trial balance
Name of a business owner or proprietor

Trial balance as at……………………

S/N Name of account Debit TZS Credit TZS
FOR ONLINE READING ONLY
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Explanation of a trial balance
The name of the business owner or enterprise it writen at the top of the trial balance.
This indicates the ownership of the trial balance. Also, below the name of the business
owner, the word “A trial balance as at (date, month, and year)” is shown. This is
important since it shows the actual date at which balances used were extracted from
the general ledger. A change in the date could bring a lot of changes in the trial balance

since the posting of transactions to the general ledger is a continuous exercise.

Important columns of the trial balance are:
Details: It is the column that records names of the ledger accounts from which the
balances have been extracted.

Debit balances: It is the column in that records the debit balances extracted from
general ledger accounts.

Credit balances: It is the column in which records the credit balances extracted from
the general ledger accounts.

Example 6.1

Preparing a trial balance from a given list of balances
You are given the following list of balances extracted from the general ledger of Asam
Traders at 30 November 2021, from which you are required to extract a trial balance.
th

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