Question

From the following ledger balances Prepare Trial Balances of Mr. Nilesh as on 31^st March, 2012.

Particulars	Rs	Particulars	Rs	Particulars	Rs
Goodwill	40,000	Plant & Machinery	1,60,000	Patents	36,000
Carriage	17,200	General expenses	2,800	Electricity & Lighting	12,000
Debtors	48,000	Advertisement	6,000	Bank Loan	2,00,000
Trade expenses	1,200	Furniture	28,400	Wages	56,000
Capital	2,00,000	Purchases	1,18,000	Opening Stock	41,600
Creditors	82,000	Land & Building	2,13,200	Printing & Stationery	8,400
Sales	3,00,800	Commission (Dr.)	1,600	Interest Bank loan	8,000
Discount (Dr.)	1,600	Cash in hand	2,000	Bills Payable	19,200

Answer 1

In the Books of Mr. Nilesh
Trial Balance as on March 31,2012
S. No.	Name of Account	Debit Amount (Rs)	Credit Amount (Rs)
1	Goodwill	40,000	–
2	Carriage	17,200	–
3	Debtors	48,000	–
4	Trade Expenses	1,200	–
5	Capital	–	2,00,000
6	Creditors	–	82,000
7	Sales	–	3,00,800
8	Discount (Dr.)	1,600	–
9	Plant and Machinery	1,60,000	–
10	General Expenses	2,800	–
11	Advertisement	6,000	–
12	Furniture	28,400	–
13	Purchases	1,18,000	–
14	Land and building	2,13,200	–
15	Commission (Dr.)	1,600	–
16	Cash in hand	2,000	–
17	Patent	36,000	–
18	Electricity and Lightening	12,000	–
19	Bank Loan	–	2,00,000
20	Wages	56,000	–
21	Opening Stock	41,600	–
22	Printing and Stationery	8,400	–
23	Interest on Bank Loan	8,000	–
24	Bills Payable	–	19,200
		8,02,000	8,02,000