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Extended trial balance with adjustment

Charlotte77Charlotte77 Registered Posts: 1
edited October 2017 in Advanced Bookkeeping
Hi there
Just want to know if someone can have a look on the question I got. I couldn't make it balance between P&L and financial statement.

Many thanks!



  • Clintm15Clintm15 Well-Known FarehamRegistered Posts: 247
    The problem is your allowance for doubtful debts. You correctly deducted the £270 from the £520 to get £250 but you have put it into the wrong column in the SFP.

    Just shift the £250 from debit to credit and it will work. :)
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
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