Patricia Green's Organic Fruit and Vegetable Stall

Balancing Accounts and the Trial Balance: Bank

Scene 34 / of 60

Balance the Bank Account: Find the Balancing Figure

Looking at the Bank Account Sam will not know how much money he has without doing a calculation. By balancing the account he will find out the difference between what he has received and what he has paid out. This will show him how much money he has.

Look at the account and calculate out how much each side totals. Then find the difference between the two sides. This is the balancing figure.

Type figures in the "post-it" note below


DR CR
Date Details Amount Date Details Amount
October 1 Capital Account 2000 October 2 Furniture Account 200
October 6 Sales Account 700 October 2 Rent Account 150
October 7 Sales Account 480 October 2 Insurance Account 180
      October 5 Purchases Account 600
           
           





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