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1. Prepare Final Accounts of Telangana Traders for the year ended31.12.2018Trial BalanceDebit Balance Amount Credit Balance AmountRs.Rs.Opening stock7000 Capital100000Purchases9000 Interest1500Rent1200 Return Outwards 500Salaries1500 Sales16000Wages1000 Commission1000Carriage inwards1050 Creditors6000Carriage outwards450Land & Buildings50000Investments20000Loose Tools12000Discount1500Interest500Telephone Charges700Printing & Stationary900Furniture18000Return Inwards200125000125000Adjustments:Closing stock : 12,000, Outstanding Wages: 500, Interest Received inAdvance : 600, Commission Receivable: 400.​

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