Question

from the following balances extracted from the ledger of a sole trader, prepare a trial balance as at 31st March, 2017 :


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Answer 1

Answer:

1. From the following balances extracted from the ledger of a sole trader, prepare a

Trial Balance as at 31st March, 2017 :

₹

₹

Capital

3,000 Drawings

300

Premises

1,500 Bank overdraft

376

Plant and machinery

640

General expenses

325

Fixtures and fittings

500 Rent income

245

Purchases

7,640 Rates

135

Sales

10,500 Wages

730

Returns inward

110 Carriage outwards

75

Returns outward

110 Carriage inward

80

Creditors

1,224

Debtors

3,420