Question

Correct the following Trial Balance:

Debit Balances	₹	Credit Balances	₹
Opening Stock	1,02,600	Debtors	45,000
Returns Outward	48,000	Carriage Outwards	15,000
Salaries	36,000	Capital	1,65,600
Creditors	84,000	Machinery	54,000
Bank	1,35,000	Returns Inward	9,000
Carriage Inwards	18,000	Insurance Claim Received	12,000
Rent Received	9,000	Trade Expenses	18,000
Discount Allowed	6,000	Sales	4,20,000
Purchases	3,00,000	Building	60,000
Bills Payable	60,000
	7,98,600		7,98,600

Answer 1

Trial Balance (Corrected)
Debit	Amount (Rs)	Credit	Amount (Rs)
Opening Stock	1,02,600	Creditors	84,000
Return Inwards	9,000	Rent Received	9,000
Salaries	36,000	Bills Payable	60,000
Bank	1,35,000	Capital	1,65,600
Carriage Inward	18,000	Return Outwards	48,000
Discount Allowed	6,000	Discount Received	12,000
Purchases	3,00,000	Sales	4,20,000
Debtors	45,000
Carriage Outwards	15,000
Machinery	54,000
Trade Expenses	18,000
Building	60,000
	7,98,600		7,98,600