Question

Prepare a trial balance with the help of following ledger account balance
Capital : 60000,cash:14000,drawing:10000, bank overdraft:14000,rent received: 5000, debtors: 50000,bills payable:7000,bills receivable:30000,purchase: 60000, creditor:8000,sales:80000,furniture:10000,cash inward:700.cash outward 300

Answer 1

Answer:yes

Explanation:

Debit balances:

Cash

Drawings

Debtors

Bills receivable

Purchases

Furniture

Cash inward

Credit balances:

Capital

Bank overdraft

Rent received

Bills payable

Creditors

Sales

Cash outward