prepare a lenders trial balance

counsel must consider having to introduce general ledgers, and the need for subsidiary ledgers for a partnership set up as a purchase and sale banking and secondary business. Introduction of the need for subsidiary ledgers for accounts payable and accounts receivable accounts.

In this discussion of controlling accounts, the balance of a controlling account and its relationship to the individual subsidiary ledger.

Counsel should consider the review of posting the journal’s general column entries to their general ledgers, posting the journal ‘s special column totals for sales, claim for having to declare a transfer sales tax, purchases debit, and cash to their general ledgers. In addition to posting journal entries totals of A/P and A/R columns, the individual entries related to the A/P and A/R accounts that need to be posted individually to their individual subsidiary ledgers.

My introduction into the matter is for how to prove the accuracy of the subsidiary A/R ledgers by preparing a schedule of A/R and proving the accuracy of the subsidiary A/P ledgers by preparing a schedule of A/P.

Then as a final step how to prepare a trial balance to prove that debits equal credits.

 

M.Soliman

registerclaims@live.com

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