Question

Prepare correct Trial Balance from the following Trial Balance in which there are certain mistakes:

Heads of Accounts	Dr. (₹)	Cr. (₹)
Cost of Goods Sold	1,50,000	...
Closing Stock	...	40,000
Debtors	...	60,000
Creditors	...	30,000
Fixed Assets	50,000	...
Opening Stock	60,000	...
Expenses	...	20,000
Sales	...	2,00,000
Capital	90,000	...
Total	3,50,000	3,50,000

Answer 1

Trial Balance
S. No.	Account Title	Debit (Rs)	Credit (Rs)
(i)	Cost of Goods Sold	1,50,000
(ii)	Closing Stock	40,000
(iii)	Debtors	60,000
(iv)	Creditors		30,000
(v)	Fixed Assets	50,000
(vi)	Expenses	20,000
(vii)	Sales		2,00,000
(viii)	Capital		90,000
		3,20,000	3,20,000