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Caritas Tuen Mun Marden Foundation Secondary School S3 Business Fundamentals
Ch5 The Trial Balance
Name:__________________ Class:____( ) Date:_______________
1. In CTM’s ledger account had the following balances as at 31 January 2019:
$
Bank 6,000
Capital 2,000
Bank Loans 8,000
Sales 7,000
Purchases 3,000
Loan from Paul Lau 1,500
Trade receivables 6,500
Sundry expenses 3,000
(a) Draw up a trial balance as at 31 January 2019
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2. In Peter Lam’s ledger account had the following balances as at 30 August 2019:
$
Furniture and equipment 190,500
Cash 6,900
Bank Loans 8,963
Sales 632,980
Purchases 310,522
Wages and salaries 90,050
Sundry expenses 9,150
Trade receivables 459,630
Trade payables 222,359
Bank 38,750
Capital 287,000
Drawings 45,800
(b) Draw up a trial balance as at 30 August 2019