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Question

Prepare a Trial Balance from the following items:
Capital 24,000 Building 12,000
Opening Stock 8,500 Returns Inward 1,900
Furniture 2,600 Returns Outward 350
Purchases 8,950 Trade Expenses 1,000
Cash 7,300 Discount Received 970
Carriage 300 Salary 3,000
Sales 22,500 Office Rent 2,270

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Solution

Trial Balance
as on March 31, 2018
S.No.
List of Items
Debit Balances
Credit Balances
1
Capital
24,000
2
Opening Stock
8,500
3
Furniture
2,600
4
Purchases
8,950
5
Cash
7,300
6
Carriage
300
7
Sales
22,500
8
Building
12,000
9
Returns Inward
1,900
10
Returns Outwards
350
11
Trade Expenses
1,000
12
Discount Received
970
13
Salary
3,000
14
Office Rent
2,270
Total
47,820
47,820

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