Question

Prepare a trial balance with the following information. Capital200000,stock70,000,cash1,80, 000,debtor3,00,000,creditors1,00,000,backloan1,50,000,sales3,00,000,purchases 2,00,000

Answer 1

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Note :

• Credit side is all incomes, liabilities are recorded.
• Debit side all expenses, assets are recorded.

Answer 2

Answer:

Explanation:

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