DOUBLE ENTRY - BOOK-KEEPING & TRIAL BALANCE
£ In	PURCHASES A/c		£ Out
25	Smiths Sons	Smiths Sons	200
		Takhar Plc	100
		Sukhraj Ltd	50
		Karenjit Corp	25
25	CLOSING BALANCE	CLOSING BALANCE	375
		Balance Carried	350
£ In	SMITHS SONS A/c		£ Out
200	Purchases	Returns	25
200	CLOSING BALANCE	CLOSING BALANCE	25
175	Balance Carried
£ In	TAKHAR Plc		£ Out
100	Purchases
100	CLOSING BALANCE	CLOSING BALANCE	0
100	Balance Carried
£ In	SUKHRAJ Ltd A/c		£ Out
50	Purchases
50	CLOSING BALANCE	CLOSING BALANCE	0
50	Balance Carried
£ In	KARENJIT Corp A/c		£ Out
25	Purchases
25	CLOSING BALANCE	CLOSING BALANCE	0
25	Balance Carried
£ In	SALES A/c		£ Out
100	Paul Bird	Paul Bird (Returns)	10
300	Erika Sports Inc
150	Anslem Robinson (AOR)
550	CLOSING BALANCE	CLOSING BALANCE	10
540	Balance Carried
£ In	PAUL BIRD A/c		£ Out
10	Returns	Sales	100
10	CLOSING BALANCE	CLOSING BALANCE	100
		Balance Carried	90
£ In	ERIKA SPORTS Inc A/c		£ Out
		Sales	300
0	CLOSING BALANCE	CLOSING BALANCE	300
		Balance Carried	300
£ In	ANSLEM ROBINSON A/c		£ Out
		Sales	150
0	CLOSING BALANCE	CLOSING BALANCE	150
		Balance Carried	150
In this example we have shown a trial balance that is based on a very crude double entry model
Generally speaking most small businesses would have to spend several hours ensuring
all the accounts balance.
HENCE WE HAVE SHOWN AN AMENDED MODEL FROM THE DOUBLE ENTRY MODEL
THE TRIAL BALANCE  DATA SHOWS THE TRANSACTIONS IN A GENERAL STATEMENT
CREDIT	TRIAL BALANCE AS AT 01/03/01		DEBIT
540	Sales
	Purchases		350
175	Smiths Sons
100	Takhar Plc
50	Sukhraj Ltd
25	Karenjit Corp
	Paul Bird		90
	Erika Sports Inc		300
	Anslem Robinson (AOR)		150
890	BALANCING TRANSACTION SALES & PURCHASES		890
	BANK DATA, UTILITY BILL DATA IS USED MORE IN PROFIT &
	LOSS ANALYSIS