Question

Capital ₹90,000; Purchases ₹ 60,000; Return Inward ₹ 3,000; Discount Received ₹ 3,000;
Discount Allowed ₹ 4,000; Sales ₹ 95,000; Return Outwards ₹ 2,000; Salary ₹ 20,000; Carriage
₹ 3,000; Furniture ₹ 20,000; Loan ₹ 25,000; Interest on Loan ₹ 2,000; Debtors ₹ 34,000;
Creditors ₹ 20,000; Investments ₹ 50,000; Cash ₹ 15,000; Stock (1-4-09) ₹ 24,000; Stock (31-
03-10) ₹ 27,000 (not adjusted).

Answer 1

Trial Balance

S. No.

Account Title

Debit

Balance

(Rs)

Credit

Balance

(Rs)

(i)

Capital

2,00,000

(ii)

Stock

70,000

(iii)

Cash

1,80,000

(iv)

Debtors

3,00,000

(v)

Creditors

1,00,000

(vi)

Bank Loan

1,50,000

(vii)

Sales

3,00,000

(viii)

Purchases

2,00,000

7,50,000

7,50,000