Question

Prepare a Trial Balance from the following balances taken as at 31st March 2017 :−

	(₹)		(₹)
Capital	2,50,000	Purchases	2,15,300
Drawings	24,000	Sales	3,80,000
Debtors	57,000	Miscellaneous Expenses	8,200
Creditors	28,500	Miscellaneous Receipts	3,600
Land & Building	1,80,000	Bad Debts	7,100
Plant	1,20,000	Bills Receivable	5,000
Stock on 1-4-2016	22,800	Loan from X	20,000
Factory Expenses	16,600	Interest on X's Loan	3,000
Office Expenses	7,700	Cash in hand	8,400
Purchases Return	6,000	Goodwill	10,000
Stationery	500
Freight	2,500

Answer 1

Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Capital			2,50,000
Drawings		24,000
Debtors		57,000
Creditors			28,500
Land & Building		1,80,000
Plant		1,20,000
Stock on 1-4-2007		22,800
Factory Expenses		16,600
Office Expenses		7,700
Purchases Return			6,000
Stationery		500
Freight		2,500
Purchases		2,15,300
Sales			3,80,000
Miscellaneous Expenses		8,200
Miscellaneous Receipts			3,600
Bad Debts		7,100
Bills Receivable		5,000
Loan from X			20,000
Interest on X’s Loan		3,000
Cash		8,400
Goodwill		10,000
Total		6,88,100	6,88,100