Question

Prepare Trial Balance from the following information:

Loan given to Ramesh Rs.40,000; Trade Receivables Rs.50,000; Livestock Rs.30,000; Drawings Rs.10,000. Preliminary Expenses Rs.20,000; Investment Rs.50,000; Interest on investment Rs.5,000. Capital Rs.1,25,000; Advance from Mohan Rs.35,000; Bank overdraft Rs.15,000; Provision for doubtful debts Rs.8,000; General Reserve Rs.12,000.

Answer 1

Trial Balance
$\begin{array}{ccccccc}\text{Particulars}& & \text{Debit}& & \text{Credit}& & \\ & & & & & & \\ \text{Loan given to Ramesh}& & 40,000& & & & \\ \text{Trade Receivables}& & 50,000& & & & \\ \text{Livestock}& & 30,000& & & & \\ \text{Drawings}& & 10,000& & & & \\ \text{Preliminary Expenses}& & 20,000& & & & \\ \text{Investment}& & 50,000& & & & \\ \text{Interest on investment}& & & & 5,000& & \\ \text{Capital}& & & & 1,25,000& & \\ \text{Advance from Mohan}& & & & 35,000& & \\ \text{Bank overdraft}& & & & 15,000& & \\ \text{Provision for doubtful debts}& & & & 8,000& & \\ \text{General Reserve}& & & & 12,000& & \\ \text{Total}& & 2,00,000& & 2,00,000& & \end{array}$