Practice Items Book Keeping 2026

XYZ ENTERPRISES’ Trial Balance as at 31st December 2025 Account Title Debit (UGX) Credit (UGX) Capital 40,000,000 Drawings 4,000,000 Land and Buildings 20,000,000 Furniture 5,000,000 Purchases 18,000,000 Sales 32,000,000 Returns Inwards 800,000 Returns Outwards 1,200,000 Carriage Inwards 1,500,000 Salaries 2,500,000 Rent 1,200,000 Insurance 600,000 Debtors 6,000,000 Creditors 5,500,000 Cash 2,000,000 Bank 18,600,000 Loan 6,000,000 Opening Stock 4,500,000 Totals 84,700,000 84,700,000 Additional Information • Closing Stock: UGX 6,500,000 Task Prepare: a) Income Statement (Trading, Profit & Loss Account) b) Balance Sheet Trial Balance 1: ABC Traders As at 31st December 2025 Account Title Debit (UGX) Credit (UGX) Capital 25,000,000 Drawings 2,000,000 Buildings 10,000,000 Equipment 4,000,000 Purchases 12,000,000 Sales 20,000,000 Returns Inwards 500,000 Returns Outwards 700,000 Carriage Inwards 800,000 Salaries 1,500,000 Rent 1,000,000 Debtors 3,500,000 Creditors 2,700,000 Cash 1,200,000 Bank 12,300,000 Loan 14,200,000 Opening Stock 3,000,000 Totals 62,600,000 62,600,000 Additional Information: Closing Stock = 4,200,000 Task Prepare: a) Income Statement (Trading, Profit & Loss Account) b) Balance Sheet Trial Balance 2: KLM Enterprises as at 31.12.2022 Account Title Debit (UGX) Credit (UGX) Capital 30,000,000 Drawings 3,000,000 Land 12,000,000 Furniture 3,000,000 Purchases 15,000,000 Sales 25,000,000 Returns Inwards 700,000 Returns Outwards 1,000,000 Carriage Inwards 1,200,000 Salaries 2,000,000 Insurance 800,000 Debtors 4,000,000 Creditors 3,200,000 Cash 1,500,000 Bank 15,000,000 Loan 2,500,000 Opening Stock 3,500,000 Totals 61,700,000 61,700,000 Additional Information: Closing Stock = 5,000,000 Task Prepare: a) Income Statement (Trading, Profit & Loss Account) b) Balance Sheet Trial Balance 3: PQR Stores as at 31.12.2023 Account Title Debit (UGX) Credit (UGX) Capital 20,000,000 Drawings 1,500,000 Buildings 8,000,000 Equipment 3,000,000 Purchases 10,000,000 Sales 18,000,000 Returns Inwards 400,000 Returns Outwards 600,000 Carriage Inwards 600,000 Salaries 1,200,000 Rent 900,000 Debtors 2,800,000 Creditors 2,000,000 Cash 2,500,000 Bank 10,700,000 Loan 3,500,000 Opening Stock 2,500,000 Totals 44,100,000 44,100,000 Additional Information: Closing Stock = 3,800,000 Task Prepare: a) Income Statement (Trading, Profit & Loss …