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Lc Accounting

koolis02 · 2014-08-31 13:31:56

Help please. I've just started accounting and were doing the Cr giver Dr receiver stuff. For homework we had to do the T accounts out and do the cr dr stuff and then extract a trial balance. How do i extract a trial balance? im so confused because i put all of my accounts in separate T accounts so like theres only 1 figure…

31-08-2014 1:31pm

#1

koolis02

Registered Users, Registered Users 2 Posts: 170 ✭✭

Join Date: March 2014

Posts: 140

Help please. I've just started accounting and were doing the Cr giver Dr receiver stuff. For homework we had to do the T accounts out and do the cr dr stuff and then extract a trial balance. How do i extract a trial balance? im so confused because i put all of my accounts in separate T accounts so like theres only 1 figure in each one. (Like i have 5 bank t accounts) So how do i balance them to put them in a trial balance?Sorry thats probably really confusing haha

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Comments

#2 31-08-2014 4:38pm

teach432

Closed Accounts Posts: 46 ✭

Join Date: January 2014

Posts: 35

Just use one Bank account. Put all figures related to bank into the same account.

Trial Balance: Just take the Closing Balances in each t-account (the figure you carry over to the other side underneath the account totals) and put them in the TB on the same side.

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