Question

The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in a correct form and give necessary notes : −

TRIAL BALANCE for the year ending 31st March, 2017

Particulars	Amount	Particulars	Amount
	₹		₹
Cash in Hand	5,200	Bank Overdraft	16,400
Plant & Machinery	75,000	Capital	50,000
Typewriter	6,400	Goodwill	8,000
Stock (1-4-2016)	13,100	Sundry Creditors	8,200
Purchases	84,100	Sales	1,60,000
Carriage Inwards	2,800	Return Inwards	2,400
Carriage Outwards	1,600	Drawings	2,120
Sundry Debtors	18,300	Investments	4,000
Bills Payable	12,000
Rent Paid	9,600
Wages	16,500
Advertisement	4,500
Discount Received	3,200
	2,52,300		2,51,120

Answer 1

Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Cash in Hand		5,200
Plant & Machinery		75,000
Typewriter		6,400
Stock (1-4-2003)		13,100
Purchases		84,100
Carriage Inwards		2,800
Carriage Outwards		1,600
Sundry Debtors		18,300
Bills Payable			12,000
Rent Paid		9,600
Wages		16,500
Advertisement		4,500
Discount Received			3,200
Bank Overdraft			16,400
Capital			50,000
Goodwill		8,000
Sundry Creditors			8,200
Sales			1,60,000
Return Inwards		2,400
Drawings		2,120
Investment		4,000
Suspense A/c (Balancing Figure)			3,820
Total		2,53,620	2,53,620

Note: Since, the Trial Balance does not tally, thus, the difference of Rs 3,820 is transferred to the Credit Balance Column of Trial Balance.