Yes to the first two and no to the third. If overdraft it should say so; a
short-term loan is what it says and what it means.
Richard Bowett
PS I am having to teach AS Finance and it's a pain in the backside!
----- Original Message -----
From: "Peter Jarratt" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Tuesday, November 20, 2001 6:42 PM
Subject: Re: unit 5 finance VCE OCR
> Help!!!!!
>
> It's my first meeting with a Trial Balance and I am confused.
>
> I am working through the case study for VCE Business Unit 5 for the OCR
> January exam and I have some questions.
>
> Does the entry for'Bank' mean cash in bank?
> Does the entry for'Cash' mean cash in bank or cash on the premises?
> Does the entry for 'Short term loan' mean that this is an overdraft
> facility?
>
> Can anyone please help and is there a light at the end of the tunnel where
> trial balances are concerned.
>
> Thanks
>
> Pete Jarratt
> Redruth School
> Cornwall
>
>
>
>
>
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