Question

​Prepare the Trial Balance of Ankit as on 31st March, 2018. He has omitted to open a Capital Account:

	₹			₹
Bank Overdraft	85,000	Purchases		4,45,000
Sales	8,10,000	Cash in Hand		8,500
Purchases Return	22,500	Creditors		2,15,000
Debtors	4,00,500	Sales Return		15,750
Wages	96,000	Equipment		25,000
Capital	?	Opening Stock		3,00,500

Answer 1

Trial Balance as on March 31, 2018
S.No.	List of Items	Debit Balances	Credit Balances
1	Bank Overdraft		85,000
2	Sales		8,10,000
3	Purchases Return		22,500
4	Debtors	4,00,500
5	Wages	96,000
6	Capital		1,58,750
7	Purchases	4,45,000
8	Cash in hand	8,500
9	Creditors		2,15,000
10	Sales Return	15,750
11	Equipment	25,000
12	Opening Stock	3,00,500
	Total	12,91,250	12,91,250