Forms of trial balance

Business Studies J.S.S 3 Second Term


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.


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: View More

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