Question

Prepare a trial balance​

Answer 1

Answer:

Explanation:

Answers

1. Capital a/c (b/f) ⇒ Credit balance = 9,46,590
2. Purchase a/c ⇒ Debit balance = 2,12,500
3. Stock a/c ⇒ Debit balance = 30,000
4. Sales a/c ⇒ Credit balance = 1,31,250
5. Debtors ⇒ Debit balance = 29,750
6. Discount Received ⇒ Credit balance = 4,375
7. Carriage a/c ⇒ Debit balance = 875
8. Cash a/c ⇒ Debit balance = 1,55,625
9. Provision on Machinery ⇒ Credit balance = 30,250
10. Drawings ⇒ Debit balance = 9,625
11. Return inwards ⇒ Debit balance = 4,375
12. Premises ⇒ Debit balance = 6,60,000
13. Sundry creditors ⇒ Credit balance = 20,125
14. Discount allowed ⇒ Debit balance = 3,500
15. Carriage ⇒ Debit balance = 1,750
16. Cash ⇒ Debit balance = 21,875
17. Carriage ⇒ Debit balance = 2,625
18. Bad debt ⇒ Debit balance = 3,065
19. Provision for D.D ⇒ Credit balance = 2,975