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Extended Trial Balance,

  • 23-10-2009 10:52am
    #1
    Elbi
    Closed Accounts Posts: 334 ✭✭


    Would anyone here be able to help me out, Im trying to complete an extended trial balance for the first time. I know the jist of it but im having trouble with Profit and loss and Closing balance, I dont really know what im doing.....
    Could someone please explain it to me? Or direct me to where I can find a good example on the net.

    Many thanks


Comments

  • #2
    samsung22
    Closed Accounts Posts: 46 ✭samsung22


    You need to be more specific about what EXACTLY your problem is...


  • #3
    Da GOAT
    Registered Users, Registered Users 2 Posts: 453 ✭✭Da GOAT


    your definition of extended trial balance is?

    are you just creating a trial balance list based on your P&L and balance sheet?


  • #4
    Elbi
    Closed Accounts Posts: 334 ✭✭Elbi


    See i dont really know what im at myself.

    I did a set of accounts so now i need to fill out the extended balance sheet, the headings are

    Opening balance - i did
    expenditure - i did
    Income - i did
    Adjustments - ?
    Creditors - i did
    Debtors - i did
    Profit & Loss - ?
    Closing balance - half done.

    Im making no sense am i, sorry guys


  • #5
    Da GOAT
    Registered Users, Registered Users 2 Posts: 453 ✭✭Da GOAT


    i think your trying what i mentioned.

    P&L balance will just be your opening balance

    The profit/loss for THIS year does not appear as an item on the face of the TB since its just the diff between your income and expenses (which are all listed)/

    hope that helps, otherwise I dnt knwo wot u mean. Im assuming you are in secondary school right?


  • #6
    Elbi
    Closed Accounts Posts: 334 ✭✭Elbi


    Da GOAT wrote: »
    i think your trying what i mentioned.

    P&L balance will just be your opening balance

    The profit/loss for THIS year does not appear as an item on the face of the TB since its just the diff between your income and expenses (which are all listed)/

    hope that helps, otherwise I dnt knwo wot u mean. Im assuming you are in secondary school right?

    Yeah, i sorted it out thanks very much for your help,
    ha ha no im far from secondary school, just dopy im afraid, :o


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