I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

PART E: PREPARING A TRIAL BALANCE 

 

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A statement of account is reproduced below. 

STATEMENT OF ACCOUNT

Pickett (Handling Equipment) Co

Unit 7, Western Industrial Estate

Dunford   DN2  7RJ

Tel: [phone]   Fax: [phone]   VAT Reg No 982 7213 49

Ac c ounts Department

Finstar Co

67 Laker Avenue

Dunford  DN4 5PS

31 May 20X1

F023

Date:

A/c No:

Date

Details

Debit

Credit

Balance

$         c

30/4/X1

3/5/X1

4/5/X1

5/5/X1

17/5/X1

18/5/X1

21/5/X1

28/5/X1

Balanc e brought forward from 

previous statement

Invoic e no. 34207

Invoic e no. 34242

Payment rec eived - thank you

Invoic e no. 34327

Credit note no. 00192

Invoic e no. 34392

Credit note no. 00199

129   40

22   72

394   95

392   78

412  17

64  40

107  64

492    22

621    62

644    34

232    17

627    12

562    72

955    50

847    86

Amount now due

847    86

$

Terms: 30 days net, 1% discount for payment in 7 days. E & OE

Registered office: 4 Arkwright Road, London  E1

6  4PQ   Registered  in  England  No  2182417

REC

EIV

ED

1 

JUN

  X1

$        c

$         c 

  

The statement is received on 1 June 20X1 and is passed to Linda Kelly who is the payables ledger clerk 

at Finstar Co. Linda obtains a printout of the transactions with Pickett (Handling Equipment) Co from 

Finstar's payables ledger system. (The reason why Linda has made ticks on the statement and on the 

printout which follows will be explained below.)