O-LevelAccountingVerification of accounting recordsOct/Nov 2018Paper 2 Q120 Marks
An inexperienced book-keeper prepared the following trial balance for Alia's business on 31 August 2018. The trial balance did not balance. Trial Balance at 31 August 2018 | | Debit ($) | Credit ($) | | :-------------------------- | --------: | ---------: | | Revenue | | 19600 | | Purchases | 9800 | | | Inventory at 31 August 2018 | 730 | | | Rent receivable | 400 | | | Rent payable | 800 | | | General expenses | 230 | | | Non-current assets (at cost)| 18750 | | | Provision for depreciation | | 3970 | | Bank overdraft | 30 | | | Motor vehicle expenses | 650 | | | Trade receivables | 2990 | | | Trade payables | | 1090 | | Capital | | 9000 | | | 33730 | 34310 | Additional information Inventory at 1 August 2018 was $870. REQUIRED
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