Correct the following Trial Balance: Debit Balances

Correct the following Trial Balance: Debit Balances ₹ Credit Balances ₹ Opening Stock 1,02,600 Debtors 45,000 Returns Outward 48,000 Carriage Outwards 15,000 Salaries 36,000 Capital 1,65,600 Creditors 84,000 Machinery 54,000 Bank 1,35,000 Returns Inward 9,000 Carriage Inwards 18,000 Insurance Claim Received 12,000 Rent Received 9,000 Trade Expenses 18,000 Discount Allowed 6,000 Sales 4,20,000 Purchases 3,00,000 Building 60,000 Bills Payable 60,000 7,98,600 7,98,600

Answer» Correct the following Trial Balance:


Debit Balances	₹	Credit Balances	₹
Opening Stock	1,02,600	Debtors	45,000
Returns Outward	48,000	Carriage Outwards	15,000
Salaries	36,000	Capital	1,65,600
Creditors	84,000	Machinery	54,000
Bank	1,35,000	Returns Inward	9,000
Carriage Inwards	18,000	Insurance Claim Received	12,000
Rent Received	9,000	Trade Expenses	18,000
Discount Allowed	6,000	Sales	4,20,000
Purchases	3,00,000	Building	60,000
Bills Payable	60,000
	7,98,600		7,98,600

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