To help in the preparation of the financial statements. (Profit & Loss account

To help in the preparation of the financial statements. (Profit & Loss account and Balance Sheet). Account Title L.F. Debit Credit Balance Balance Capital Land and Buildings Plant and Machinery Equipment Furniture and Fixtures Cash in Hand Cash at Bank Debtors Bills Receivable Stock of Raw Materials Stock of Finished Goods Purchases Carriage Inwards Carriage Outwards Sales Sales Return Purchases Return Interest Paid Commission/Discount Received Salaries Long Term Loan Bills Payable Creditors Advances from Customers Drawings Total xxx xxx Fig. . : Illustrative trial balance