Question

Prepare Trial Balance as on 31.03.2012 from the following balances of Ms. Maliha Afzal:

Drawings Rs. 74,800

Purchases Rs. 295,700

Stock (1.04.2011) Rs. 30,000

Bills receivable Rs. 52,500

Capital Rs. 250,000

Furniture Rs. 33,000

Discount allowed Rs. 950

Sales Rs. 335,350

Rent Rs. 72,500

Freight Rs. 3,500

Printing charges Rs. 1,500

Sundry creditors Rs. 75,000

Insurance Rs. 2,700

Sundry expenses Rs. 21,000

Discount received Rs. 1,000

Bank loan Rs. 120,000

Stock (31.03.2012) Rs. 17,000

Machinery Rs. 215,400

Bills payable Rs. 31,700

Income tax Rs. 9,500


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Answer 1

Drawings Rs. Dr 74,800

Purchases Rs. Dr. 295,700

Stock (1.04.2011)Rs Dr. 30,000

Bills receivable Rs. Dr. 52,500

Capital.Rs. Cr. 250,000

Furniture Rs. . Dr. 33,000

Discount allowed Dr. Rs. 950

Sales Cr. Rs. 335,350

Rent. Dr. Rs. 72,500

Freight Dr. Rs. 3,500

Printing charges Dr. Rs. 1,500

Sundry creditors. Cr. Rs. 75,000

Insurance Dr. Rs. 2,700

Sundry expenses. Dr. Rs. 21,000

Discount received. Cr. Rs. 1,000

Bank loan Cr. Rs. 120,000

Stock (31.03.2012) Cr Rs. 17,000

Machinery Dr. Rs. 215,400

Bills payable. Cr. Rs. 31,700

Income tax Dr. Rs. 9,500

Suspence A/c.* Dr. Rs. 17000

*There is credit balance of 17000 which should be balanced by Suspence A/c.