Page 125 - Book-keeping for Secondary Schools Student’s Book Form One
P. 125
Trial balance
Lighting and heating expenses Expense Debit
Salaries and wages Expense Debit
Insurance expenses Expense Debit
Building Asset Debit
Furniture Asset Debit
FOR ONLINE READING ONLY
Accounts receivable (Debtors) Asset Debit
Electricity expenses Expense Debit
Accounts payable (Creditors) Liability Credit
Balance at bank Asset Debit
Equipment Asset Debit
Motor van Asset Debit
Motor running expenses Expense Debit
Capital Capital Credit
Stock at 1 December 2020 Asset Debit
st
Stock at 30 November 2021 Asset – not part of the trial balance Debit
th
Discount received Revenue Credit
Following this, the trial balance can be prepared by using the principle that identifies
debit and credit balances as follows:
Asam Traders
Trial balance as at 30 November 2021
th
Debit Credit
Names of account TZS TZS
Sales 172,720,000
Purchases 83,896,000
Rent and rates expenses 3,296,000
Lighting and heating expenses 412,800
Salaries and wages 40,720,000
Insurance expenses 1,608,000
Building 67,360,000
Furniture 864,000
Accounts receivable (Debtors) 24,672,000
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Book Keeping Form 1 New 2024 FINAL.indd 117 18/10/2024 10:14
