Question

From the following information, prepare a Trial Balance of M/s. Prayag for the year ended 31st March,2018:

	₹			₹
Capital Accounts	1,25,000	Sales		1,54,500
Furniture and Fittings	6,400	Bank (Cr. Balance)		28,500
Motor Car	62.500	Purchase Returns		1,250
Buildings	75,000	Commission (Cr.)		3,750
Total Debtors	38,000	Sales Return		2,000
Total Creditors	25,000	Advertisement		2,500
Bad Debts	1,250	Interset Account (Dr.)		1,180
Stock (1st April 2017)	34,600	Cash Balance		6,500
Purchases	54,750	Insurance and Tax		12,500
Input IGST A/c	3,000	Salaries		40,820
Input IGST A/c	1,500	Output SGST A/c		1,500

Answer 1

Trial Balance as on March 31, 2018
S.No.	List of Items	Debit Balances	Credit Balances
1	Capital Accounts		1,25,000
2	Furniture & Fittings	6,400
3	Motor Car	62,500
4	Buildings	75,000
5	Total Debtors	38,000
6	Total Creditors		25,000
7	Bad Debts	1,250
8	Opening Stock	34,600
9	Purchases	54,750
10	Input IGST A/c	3,000
11	Output CGST A/c		1,500
12	Sales		1,54,500
13	Bank Overdraft		28,500
14	Purchases Return		1,250
15	Commission (Cr.)		3,750
16	Sales Return	2,000
17	Advertisement	2,500
18	Interest Account (Dr.)	1,180
19	Cash Balance	6,500
20	Insurance & Tax	12,500
21	Salaries	40,820
22	Output SGST A/c		1,500
	Total	3,41,000	3,41,000