Question

11. (1) The following Trial Balance has been prepared by an inexperienced accountant as on 31st March 2018. Redraft it in a correct form Cr() Dr () 17,900 N 2,100 7,450 46,200 1,78,880 12,410 620 7,200 460 Particulars Capital Drawings Opening Stock Purchases Sales Wages Electricity Charges Machinery and Equipments Carriage outward Returns inward Returns outward General Reserve Discount allowed Discount received Rent Building Premises Cash-in-hand Sundry Creditors Sundry Debtors Bank Overdraft 210 580 700 600 600 2,200 1,02,950 220 9,850 27,840 1,950 2,10,460 2,10,460


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Answer 1

Answer:

06.The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form :−

Name of Accounts Dr. Cr.

Land and Building 1,20,000  

Plant and Machinery 92,000  

Wages 18,200  

Discount Allowed    1,620

Discount Received 730  

Purchases 1,26,000  

Sales   2,40,000

Return Inwards   6,500

Return Outwards 3,370  

Opening Stock 15,000  

Debtors 30,000  

Creditors   20,000

Carriage on Sales   3,280

Carriage on Purchase 2,800  

Insurance 1,500  

General Expenses 6,100  

Cash in Hand 2,400  

Bank Overdraft 12,100  

Capital   1,54,000

Drawings   4,800

 4,30,200 4,30,200

Explanation: