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Bling
Balancing Accounts and the Trial Balance: Creditor Style Accessories
Scene 102
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Introduction
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Double Entry
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Balancing Accounts
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Trial Balance
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Income Statement
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Balance Sheet
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Completed Financial Statements
Balance the Creditor Style Accessories Account: Find the Balancing Figure
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
Creditor Style Accessories Account
CR
Date
Details
Amount
Date
Details
Amount
May 14
Purchases Returns Account
120
May 13
Purchases Account
1400
Debit side total equals
Credit side total equals
Difference equals
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Debit side total equals €120. Credit side total equals €1400. Difference equals €1280.
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