Question

altele
Dawn Department Shop
Vihaan runs a department store called
Dawn Department Shop in Chamba town of Jammu and Kashmir. The
business was handed over to him by his father Gautam after deciding
to retire.
Vihaan is a young and energetic graduate in commerce, and also holds
a business degree in managing small and medium enterprises. Within two
years of his joining the firm, Dawn Department Shop registered an annual
growth of 20%. With this business success, he decided to purchase 15,000
square feet space in the nearby building. For this purpose,
he approached
the J&K Bank. The Bank Manager, Rashida Ahmed, asked him to furnish
a statement of financial position. As part of the expansion plan, Vihaan
arranged interviews for filling up the position of an accountant. Suma
Koshy had applied for the position of accountant, and on recruitment,
Vihaan handed over the following information to Suma, requesting her
to do the needful.
Description
Amount
Description
Amount
Accounts payable
2,800
Accounts receivable
Deposits payable
Cash
Trademark registered
Inventory
10,200 Accumulated depreciation
Building
7,600 Accumulated depreciation
Equipment
12,000 Building
6,240 Share capital
1,240 Equipment
8,000 Investment in shares of
Colgate Palmolive
Small shop measuring 230
square feet
3,280
17,640 Prepaid rent
3,400
14,000
20,000
30,400
4,000
1,600
Investment in J&K
Government securities
(withdrawable)
Past years' accumulated
profit
Loan from Mrs. Vihaan
240
10,000 Revenue received in
advance
560
Assume yourself as Suma Koshy, Prepare Trial Balance from the given details and inform
Vihaan regarding the matching of the Trial Balance.
(3)​

Answer 1

Answer:

Sorry don't knowsorry