Question

Prepare a trial balance from the following balances of Santhosh as on 31.03.2017.
Capital
Purchases
Sales
Cash in hand
Freight
Carriage
Advertisement
Repairs
Insurance
Bad debis
Postage
Bank overdraft
1.00.000
2.50.000
2,00.000
20 000
10.000
5,000
5.000
5,000
10.000
8.000
2.000
15 000​

Answer 1

Answer:

5000" (and any subsequent words) was ignored because we limit queries to 32 words.

Answer 2

Answer:

Trial Balance :

$\begin{tabular}{|c|c|c|}\cline{1-3}Particulars&Debit & Credit \\\cline{1-3}Capital&  & 100000 \\\cline{1-3}Purchases & 250000& \\\cline{1-3}Sales &  & 200000\\\cline{1-3}Cash \: in \: hand& 20000 & \\\cline{1-3}Freight & 10000 & \\\cline{1-3}Carriage & 5000& \\\cline{1-3}Advertisement&5000 &  \\\cline{1-3}  Repairs & 5000 &  \\\cline{1 - 3}Insurance & 10000 &  \\\cline{1-3}Bad \: Debts \:& 8000 & \\\cline{1-3}Postage & 2000 &  \\\cline{1-3}Bank \: Overdraft &  & 15000 \\\cline{1-3}Total& 315000 &315000\end{tabular}$

Total Of Trial Balance - 3,15,000

Trial Balance :

It is a statement prepared with the balances or totals of debit and credit of all accounts in the ledger to test the arithmetical accuracy of ledger accounts. It may be prepared annually,half yearly, quarterly,etc. It provides a basis for the preparation of financial statement in a reliable manner.

Objectives of Trial Balance :

• To ascertain the aritmetical accuracy of ledger accounts

• To help in locating errors

• To help in preparation of final accounts.