Question

38. The following is the Trial Balance extracted from the books of M/s XYZ Ltdas on Dec 31,
2008:
PARTICULARS
DEBIT BALANCE CREDIT BALANCE
Capital
2,00,000
Plant and Machinery 1,56,000
Furniture
4,000
Purchases and Sales
1,20,000
2,54,000
Returns
2,000
1,500
Opening Stock
60,000
Discount
850
1,600
Sundry Debtors
90,000
Sundry Creditors
50,000
Salaries
15,100
Manufacturing wages 20,000
Carriage outwards
2,400
Provision for doubtful debts
1,050
Rent, Rates and Taxes 20,000
Advertisement
4,000
Cash
13,800
Total
5,08,150
5,08,150
Adjustments:
a. Closing stock was valued at Rs. 68,440
b. Provision for doubtful debts to be kept at Rs. 2,000
c. Depreciation plant and machinery @ 10%
d. The proprietor has taken goods worth Rs. 10,000 for his personal use and additionally
distributed goods worth Rs. 2,000 as samples​

Answer 1

Answer:

Prepare a Trial Balance with the following information:

Sr. No Name of Account Balance

(₹) Sr. No Name of Account Balance

(₹)

(i)

(iii)

(v)

(vii)

Capital

Cash

Creditors

Sales

2,00,000

1,80,000

1,00,000

3,00,000

(ii)

(iv)

(vi)

(viii)

Stock

Debtors

Bank Loan