Action Accounting
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Bling
Balancing Accounts and the Trial Balance: Purchases
Scene 110
/ of 136
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 Purchases 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
Purchases Account
CR
Date
Details
Amount
Date
Details
Amount
May 10
Bank Account
2300
May 11
Bank Account
1800
May 13
Creditor Style Accessories Account
1400
Debit side total equals
Credit side total equals
Difference equals
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Debit side total equals €5500. Credit side total equals €0. Difference equals €5500.
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