Example

Example

Following is an example of what a simple Trial Balance looks like:

ABC LTD Trial Balance as at 31 December 2011
Account Title	Debit	Credit
	$	$
Share Capital		15,000
Furniture & Fixture	5,000
Building	10,000
Creditor		5,000
Debtors	3,000
Cash	2,000
Sales		10,000
Cost of sales	8,000
General and Administration Expense	2,000
Total	30,000	30,000

1.     Title provided at the top shows the name of the entity and accounting period end for which the trial balance has been prepared.

2.     Account Title shows the name of the accounting ledgers from which the balances have been extracted.

3.     Balances relating to assets and expenses are presented in the left column (debit side) whereas those relating to liabilities, income and equity are shown on the right column (credit side).

The sum of all debit and credit balances are shown at the bottom of their respective columns.