Peter,
You've got the answers you need for your questions but I have a question for
you: are you coming at a Trial Balance WITHOUT the benefit of knowing about
double entry bookkeeping? I don't mean that you need to understand every
last debit and credit to fathom a TB but it would help you if you went back
a couple of steps on the bookkeeping trail to understand what a TB is and
what it means.
If you like, I can give you some insights re the above by way of a feedback
page on my web site if you like: let me know.
Duncan Williamson
----- Original Message -----
From: "Peter Jarratt" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Tuesday, November 20, 2001 10:42 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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