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Hi Peter If you're able to attach or type up details of the trial balance I'll be more definate, but: 'Bank' should mean cash at bank. Debit means it is a positive balance, credit means it is overdrawn. If 'cash' is shown separately, it should mean notes and coins - i.e. the cash float. The short term loan should be a loan rather than an overdraft. The fact that it is short term means it will be included with Current Liabilities on the Balance Sheet. Cheers David ----- 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 > > > > > > _________________________________________________________________ > Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp > >