Transfer of profit on disposal to P&L

sarahuk3
sarahuk3 Registered Posts: 31 ? ? ?
Hiya,
I think i'm having a dumb moment!
At present i have a cr b/d balance of 1250 in my disposal account (so there is a dr profit on sale)
I think i am over confusing this - if i have a profit then this would be a dr in my trial balance and a cr b/d balance should be a cr in the trial balance also.... but my trial balance is not balancing!! if anyone can explain where i am going wrong please!?!
Thank you
Sx

Comments

  • Esme
    Esme Registered Posts: 711
    sarahuk3 wrote: »
    Hiya,
    I think i'm having a dumb moment!
    At present i have a cr b/d balance of 1250 in my disposal account (so there is a dr profit on sale)
    I think i am over confusing this - if i have a profit then this would be a dr in my trial balance and a cr b/d balance should be a cr in the trial balance also.... but my trial balance is not balancing!! if anyone can explain where i am going wrong please!?!
    Thank you
    Sx

    A debit on the profit and loss account would mean an expense, you need to credit the profit and loss collumn of your trial balance with the 1250.
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