InterviewSolution
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From the following list of balances extracted from the books of Shri Sahiran Prepare a trial balance as on 31st March, 2016. Name of AccountsAmt (Rs.)Name of AccountsAmt (Rs.)Stork on 1st April,2015 22,000Discount Received 20,000Purchases 2,57,500Long-term Borrowings 1,70,000Sales 3,61,800Provision for Doubtful Debts 5,000Carriage Inwards 300Provision for Depreciation on Machinery 5,000Carriage Outwards 120Bad Debts 600Return Inwards 23,500Stationary 420Return Outwards 2,000Insurance 340Debtors 32,000Wages and Salaries 18,500Creditors 17,400Investment 30,000Leasehold Premises 1,60,000Interest on Ivestment 2,700Equipment 2,00,000Cash and Bank Balance 1,240Repairs to Equipment 2,000Premises 60,000Depreciation 8,000Funiture and Fixiures 14,000Bills Receivable 840Miscellaneous Expenses 520Bills Payable 480Miscellaneous Income 140Bank Overdraft 1,50,000Loan from Axis Bank 25,000Interest on Overdraft 640Interest on above Loan 3,000Purchases Return 50,000Capital 70,000Discount Allowed 4,000Proprietor's Withdrawals (Drawings) 6,000Salaries 10,000Computers 9,000Goodwill 15,000Stock on 31st March, 2016 (not adjusted) 31,000 |
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Answer» From the following list of balances extracted from the books of Shri Sahiran Prepare a trial balance as on 31st March, 2016. Name of AccountsAmt (Rs.)Name of AccountsAmt (Rs.)Stork on 1st April,2015 22,000Discount Received 20,000Purchases 2,57,500Long-term Borrowings 1,70,000Sales 3,61,800Provision for Doubtful Debts 5,000Carriage Inwards 300Provision for Depreciation on Machinery 5,000Carriage Outwards 120Bad Debts 600Return Inwards 23,500Stationary 420Return Outwards 2,000Insurance 340Debtors 32,000Wages and Salaries 18,500Creditors 17,400Investment 30,000Leasehold Premises 1,60,000Interest on Ivestment 2,700Equipment 2,00,000Cash and Bank Balance 1,240Repairs to Equipment 2,000Premises 60,000Depreciation 8,000Funiture and Fixiures 14,000Bills Receivable 840Miscellaneous Expenses 520Bills Payable 480Miscellaneous Income 140Bank Overdraft 1,50,000Loan from Axis Bank 25,000Interest on Overdraft 640Interest on above Loan 3,000Purchases Return 50,000Capital 70,000Discount Allowed 4,000Proprietor's Withdrawals (Drawings) 6,000Salaries 10,000Computers 9,000Goodwill 15,000Stock on 31st March, 2016 (not adjusted) 31,000 |
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