WAEC - Accounts Principles Of Accounts (2024 - No. 12)
An item recorded in the trial balance is
opening stock.
closing stock.
accrued expenses.
depreciation charged for the year.
Explanation
Opening stock is part of the asset of the company at the beginning of the year. Thus, it appears in the debit side of the trial balance, while other options will not appear in the trial balance because they are usually accounted for by the ending of the accounting period. Therefore, are additional information.
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