Question

Prepare Trial Balance from the following information:

Capital 1,00,000 ; Drawings 16,000; Machinery 20,000; Sales 2,00,000; Purchases 2,10,000 Sales return 20,000; Purchases return 30,000; Wages 40,000; Goodwill 60,000; Interest received 15,000; Discount allowed 6,000; Bank overdraft 22,000; Bank loan 90,000;

Debtors: Nathu 55,000; Roopa 20,000; Creditors: Reena 35,000; Ganesh 25,000 Cash 54,000; Stock on April 01, 2008 16,000.

Answer 1

Trial Balance:

$\begin{array}{ccc}\text{Particulars}& \text{Dr.}& \text{Cr.}\\ \text{Capital}& & \text{1,00,000}\\ \text{Drawings}& \text{16,000}& \\ \text{Machinery}& \text{20,000}& \\ \text{Sales}& \text{2,00,000}& \\ \text{Purchases}& \text{2,10,000}& \\ \text{Sales return}& \text{20,000}& \\ \text{Purchases return}& & \text{30,000}\\ \text{Wages}& \text{40,000}& \\ \text{Goodwill}& \text{60,000}& \\ \text{Interest received}& & \text{15,000}\\ \text{Discount allowed}& \text{6,000}& \\ \text{Bank overdraft}& & \text{22,000}\\ \text{Bank loan}& & \text{90,000}\\ \text{Debtors :}& & \\ \text{Nathu}& \text{55,000}& \\ \text{Roopa}& \text{20,000}& \\ \text{Creditors :}& & \\ \text{Reena}& & \text{55,000}\\ \text{Ganesh}& \text{25,000}& \\ \text{Cash}& \text{54,000}& \\ \text{Stock on April 01, 2008}& \text{16,000}& \\ Total& 5,17,000& 5,17,000\end{array}$