Trial Balance
b/r 9 500
debtors. 62000
(include Mohan for
dishonoured Cheque 1000)
adj -
Write off half of Mohan's cheque.
WHAT IS THE TREATMENT OF THIS ADJUSTMENT?
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An adjusted trial balance is prepared after adjusting entries are made and posted to the ledger. ... This is the second trial balance prepared in the accounting cycle. Its purpose is to test the equality between debits and credits after adjusting entries are entered into the books of the company.....
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