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A book-keeper extracted the following Trial Balance as at 31st March, 2017 : Name of Accounts Balance Dr. Balance Cr. ₹ ₹ Stock on 1.4.2016 2,50,000 Purchases 6,50,000 Sales 10,00,000 Motor Vans 3,80,000 Debtors and Creditors 1,50,000 94,000 Premises 3,00,000 Shop fittings 20,000 Interest on Bank Overdraft 16,000 Purchases Returns 10,000 Sales Returns 20,000 Lighting and heating 18,000 Capital 5,00,000 Discount Received 2,000 Repairs 2,500 Electricity 6,500 Bank Overdraft 2,00,000 Stock on 31.3.2017 3,30,000 Rent from subletting 15,000 Bills Receivable 8,000 Suspense Account (difference in books) 13,000 Total 19,92,500 19,92,500 You are required to redraft the trial balance correctly. |
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Answer» A book-keeper extracted the following Trial Balance as at 31st March, 2017 :
You are required to redraft the trial balance correctly. |
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