Hello everyone,
I am trying to understand the concept of trial balance.
In one of my homework, I am given a trial balance with 550 on each of debit and credit side.
However, the problem also gives me information that was not included in the preliminary trial balance
such as depreciation expense, six months rent, wages and legal reserve.
Are these elements included in the trial balance ?
Thank you all
I am trying to understand the concept of trial balance.
In one of my homework, I am given a trial balance with 550 on each of debit and credit side.
However, the problem also gives me information that was not included in the preliminary trial balance
such as depreciation expense, six months rent, wages and legal reserve.
Are these elements included in the trial balance ?
Thank you all