CReditors make you CRy Debtors make you Delighted
In trade a/c the only thing you ADD, is to get the COST OF GOODS AVAILABLE FOR SALE
Total net assets and capital employed should be the same
Carriage INwards in t account carriage OUTwards in less expenses
Take time to sort out what goes where eg, L E- less expenses
Before you start the question decide what part of the account the fig. goes in like Opening stock goes in Trading so write a t beside Opening Stock.Hope this helps
tick off what you have entered as you go along so that if it doesnt balance you can go back and check easily
Download all the past papers and marking schemes from examinations.ie and if your able to, print them. That's what I did when I was in 3rd year. Also get Less Stress More Success Business as it's really good at explaining the balance sheets and various accounts. I know it's a pain but it's worth it in the end.