Question

KOBLEMS
1. From the following balances taken from the books of Sanjeeva Reddy as on 31" December
2016, prepare a trial balance in proper
form
Name of Accounts
₹
Name of Accounts
₹
Cash in hand D
34,000
Bank Overdraft
14,500 Machinery
D
13,600 Land and Buildings D
20,000 Debtors D
60,000
Opening Stock D
24.000
Purchases
80,000 Creditors
C
18,500
Purchase Retums
2,000 Bills Receivable D
2,850
Sales C
1,30,000 Bills Payable C
1,650
Sales Returns D
5,00 Capital C
80,000
4,800 Drawings
6,000
Travelling Expenses
Discount allowed ♡
Discount received C
Furniture
600 Rent O
3,700
3,600
1,500 Salaries
4,500
Loan (cr)
13,000
Interest on loan D
1,200
[Ans. Total of trial balance 2,60,250]​

Answer 1

Given:

Cash in hand D  34,000

Bank Overdraft  C 14,500

Machinery  D  13,600

Land and Buildings D  20,000

Debtors D  60,000

Opening Stock D  24000

Purchases  D 80,000

Creditors  C  18,500

Purchase Returns  C 2,000

Bills Receivable D 2,850

Sales C  1,30,000

Bills Payable C  1,650

Sales Returns D  500

Capital C  80,000

Drawings  D 4800

Travelling Expenses D 6000

Discount allowed D 3700

Discount received C 600

Furniture D 3600

Rent D 1500

Salaries D 4500

Loan (cr)  C 13,000

Interest on loan D  1,200

To Find:

From the following balances taken from the books of Sanjeeva Reddy as of 31" December  2016, prepare a trial balance in proper  form

Solution:

• Give the heading as Trial Balance
• Name in the books of Sanjeeva reddy as on 30/12/16
• Prepare 3 columns namely particulars, debit, credit
• Write all the values as mentioned above in the credit and debit column with their respective values
• Sum the separate columns of debit and credit which will come as 260250 for both of them
• The trial balance of debit and credit should come equally otherwise it is wrong

Hence, the trial balance has been prepared and attached below,