The trial balance will be split into three columns: account name, debit and credit The account names that will usually be listed are:

  • Sales and Sales Return
  • Purchase and Purchase returns
  • Owing to trade payable
  • Owing by trade receivable
  • Non-current assets
  • Capital
  • Drawings
  • Liabilities

It will then have a total for the debit column and the credit column which will match.

If these do not match then their is an issue in our balances.

To resolve this we can use Suspense Accounts

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