You are required to prepare a trial balance for Alina Ltd as at 31st December 2021 and assess the source and structure of the trial Balance of Alex Ltd. The following information should be used to prepare the trial balance; £000 Capital 200 - Source - General ledger Stocks 20 - Source - General ledger Sales 100 - Source - Sales ledger or accounts receivable Cash and cash equivalent 110 - Source - Cash book Bank loan 70 - Source - General ledger Furniture and Fittings 180 - Source - General ledger or nominal ledger Trade Receivables 30 - Source - Sales ledger or receivables ledger Trade Payables 20 - Source - Payable ledger or purchase ledger
You are required to prepare a trial balance for Alina Ltd as at 31st December 2021 and assess the source and structure of the trial Balance of Alex Ltd. The following information should be used to prepare the trial balance; £000 Capital 200 - Source - General ledger Stocks 20 - Source - General ledger Sales 100 - Source - Sales ledger or accounts receivable Cash and cash equivalent 110 - Source - Cash book Bank loan 70 - Source - General ledger Furniture and Fittings 180 - Source - General ledger or nominal ledger Trade Receivables 30 - Source - Sales ledger or receivables ledger Trade Payables 20 - Source - Payable ledger or purchase ledger
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You are required to prepare a
December 2021 and assess the source and structure of the trial Balance of Alex Ltd.
The following information should be used to prepare the trial balance;
£000
Capital 200 - Source - General ledger
Stocks 20 - Source - General ledger
Sales 100 - Source - Sales ledger or
Cash and cash equivalent 110 - Source -
Bank loan 70 - Source - General ledger
Furniture and Fittings 180 - Source - General ledger or nominal ledger
Trade Receivables 30 - Source - Sales ledger or receivables ledger
Trade Payables 20 - Source - Payable ledger or purchase ledger
Wages 50 - Source - General ledger or nominal ledger
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