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Post opening balance and debit entries.
Accounting
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2 stepsHere are the General Ledger accounts for Moselle Traders for April 2025.
2.1.1 Trading Stock Account
Post opening balance and debit entries.
The opening balance for Trading Stock on 1 April 2025 is R 83 000 (debit). Purchases of trading stock increase the debit side. These include R 30 400 from the Cash Payment Journal (CPJ), R 1 200 from the Petty Cash Journal (PCJ), and R 20 200 from the Creditors Journal (CJ). Stock returned by debtors also increases trading stock, R 1 250 from the Debtors Allowance Journal (DAJ).
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