Question

From the Following Ledger balances Prepare a Trial Balance as on 31st March, 2012 of Mr. Udaysingh.

Particulars	Rs	Particulars	Rs	Particulars	Rs
Goodwill	40,000	Plant & Machinery	60,000	Patents	20,000
Salary	7,000	General expenses	2,200	Rent	9,000
Carriage	5,500	Trade expenses	3,000	Furniture	20,000
Advertisement	4,800	Opening stock	27,000	Printing & Stationery	10,200
Electricity charges	1,650	Sundry Debtors	31,500	Discount (Dr.)	2,300
Purchases	78,500	Sundry Creditors	66,000	Discount (Cr.)	3,650
Sales	1,52,500	Land & Building	70,000	Cash in hand	4,500
Capital	1,40,000	Bank overdraft	35,000

Answer 1

In the books of Mr. Udaysingh
Trial Balance as on March 31,2012
S. No.	Name of Account	Debit Amount (Rs)	Credit Amount (Rs)
1	Goodwill	40,000	–
2	Salary	7,000	–
3	Carriage	5,500	–
4	Advertisement	4,800	–
5	Electricity Charges	1,650	–
6	Purchases	78,500	–
7	Sales	–	1,52,500
8	Capital	–	1,40,000
9	Plant and Machinery	60,000	–
10	General Expenses	2,200	–
11	Trade Expenses	3,000	–
12	Opening Stock	27,000	–
13	Sundry Debtors	31,500	–
14	Sundry Creditors	–	66,000
15	Land and building	70,000	–
16	Bank overdraft	–	35,000
17	Patents	20,000	–
18	Rent	9,000	–
19	Furniture	20,000	–
20	Printing and Stationery	10,200	–
21	Discount (Dr.)	2,300	–
22	Discount (Cr.)	–	3,650
23	Cash in Hand	4,500	–
		3,97,150	3,97,150