Entering data in sheet TB page 20 21

Unappropriated profit/loss brought forward
Enter a suitable name.

Holding company
Enter its name.

Subsidiary companies
Enter each name.

Associated companies
Enter each name.

Trade debtor
Enter each debtor's name.

Other debtors
Enter each debtor's name.

Staff loan/advance
Enter the name of each staff concerned.

Prepayments
Enter the suitable name of each prepayment, e.g. Rental prepaid, Assessment prepaid, etc.

Cash in bank
Enter each bank name.

Petty cash
Enter a suitable name to identify each float.

Trade creditor
Enter each creditor's name.

Other creditors
Enter each other creditor's name.

Provisions for expenses
Enter a suitable name for each provision.

20 Bank overdraft
Enter each bank overdraft's name

Loan provider
Enter each loan provider's name.

Income tax payable
Enter a suitable name.

Dividend payable
Enter a suitable name.

Follow the similar trend for other items not listed above. The general guide is that if you don't have a separate system, enter the detailed account name, as detailed as possible.

TIP
You may elect not to write the account name in full. For instance, if the full name is THE BANK OF MALAYSIA GHANA PRIVATE COMPANY LIMITED, you can shorten it to BANK MSIA GHANA. However, make sure the abbreviated name does not confuse you. Use sparingly. The short name will save some disk space and speed up your work.



Accounts name must be entered row by row. Do not allow blank cells in between account names.