Forms of trial balance
Business Studies J.S.S 3 Second Term
WEEK 6
Forms of trial balance
Performance Objectives
Students should be able to:
1. Identify the forms of trial balance.
2. Draw the forms of trial balance.
Content
Trading Account
Trading account is a final account prepared to determine gross profit or loss by a business. It is prepared at the end of each financial year. The following must be taken into consideration when preparing a trading account.
1. Opening Stock: The value of items or goods in the store at the beginning of an accounting period.
2. Closing Stock:
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- Revision of last terms question paper
- Consumer protection agency
- How to seek redress
- How to make complaints
- Personal finance
- Business Studies JSS3 Second Term Mid-Term Assessment
- Test
- Forms of trial balance
- Trial balance
- Trading, profit and loss account
- Balance sheet
- Business letters
- Business Studies JSS3 Second Term Final Assessment
- Test
- Chapters 12
- Category JSS3
- Author ClassNotes Edu
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