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Petty cash book

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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August 3, 2016 at 4:55 am #330989
Abror
Member
- Topics: 75
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Hi Mr John..
The petty cash book balance $500 had been omitted from the trial balance..
What does it mean?
August 3, 2016 at 8:06 am #331013
John Moffat
Keymaster
- Topics: 57
- Replies: 54656
It means that they had not listed the balance in the trial balance, and they should have done (it is obviously a debit balance and it has been missed out).
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