Prepare a Trial Balance from the following balances extracted from the books of Mohan Lal
& Sons on 31st arch,2020:
Particulars Amount
Purchases 1,50,000
Sales 5,400
Capital 1,00,000
Loan from ram 20,000
Debtors 22,000
Creditors 12,000
Salaries 29,400
Bank overdraft 4,000
Answers
Answer:
name of account Dr. cr.
purchase 1,50,000
sales 5400
capital 1,00,000
loan 20,000
debtors 22,000
creditors 12,000
salaries 29,400
bank overdraft 4000
suspense account 60,000
total 2,01,400 2,01,400
I don't know the answer is right but it was not matching even the posting is right so I write there ₹60, 000 as suspense
I hope you understand
Answer:
as balances of debit and credit are not balancing so we need to open suspence account
