(Ans : Total of Trial Balance
21. From the following Trial Balance containing obvious errors prepare a
correct Trial Balance.
Debit
Credit
Purchases
60,000
Reserve Fund
20,000
Sales
1,00,000
Purchases Returns
1,000
Sales Returns
2,000
Opening Stock
30,000
Closing Stock
40,000
Expenses
20,000
Outstanding Expenses
2,000
Bank Balance
5,000
Assets
50,000
Debtors
80,000
Creditors
30,000
Capital
94000
Suspense A/c (Difference in books)
10,000
2,72,000 2,72,000
(Ans: Correct Total of Trial Balance * 2,47,000)
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