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John Moffat.
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abrizni10
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Dear sir
In recording an issue of shares at par, cash received of $333,000 was credited to the ordinary share capital account as $330,000
Sir will this affect the trail balance from tallying? And how come?
John Moffat
- Topics: 57
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The debit should equal the credit – here it does not!
If the debits don’t equal the credits then the trial balance will not balance – all the trial balance is checking is that the debits equal the credits.
abrizni10
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