Action Accounting
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The Pineapple Pub
Balancing Accounts and the Trial Balance: Creditor - Flash Sales Limited
Scene 70
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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 - Flash Sales Limited Account: Find the Balancing Figure
How much does Jason owe to Flash Sales Limited?
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 - Flash Sales Limited Account
CR
Date
Details
Amount
Date
Details
Amount
December 17
Bank Account
8000
December 6
Furniture Account
18000
Debit side total equals
Credit side total equals
Difference equals
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Debit side total equals €8000. Credit side total equals €18000. Difference equals €10000.
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