Senior 3 Entrepreneurship: The Trial Balance

These Senior Three Entrepreneurship Skills notes by Jaggwe Ronald cover the trial balance within financial management. They explain its purpose, format and preparation using balances drawn from ledger accounts. Worked examples demonstrate ledger balancing and the placement of assets, liabilities, capital, revenue and expenses in debit or credit columns. The document distinguishes errors that affect trial balance agreement from those that leave totals equal, with examples of corrective journal entries. Practice tasks ask learners to prepare trial balances, identify accounting errors and rearrange incorrectly placed balances. Some worked solutions contain inconsistencies that require checking before classroom use.