Question

Q. 4. Following balances were extracted at 31st March, 2018 : ₹ Sundry Debtors Sundry Creditors Rent and Taxes Purchases Sales Trade Expenses Returns Outwards Returns Inwards Expenses Motor Vehicles Electricity 4,10,000 80,000 48,000 34,00,000 56,00,000 12,000 80,000 1,20,000 4,000 6,50,000 25,000 You are required to prepare the trial balance.​

Answer 1

Answer:

M/s Raghuram and Associates

Trading Account for the year ended 31st March 2018

Particulars Details Amount Particulars Details Amount

Rs. Rs.

To opening Stock 3,20,000 By Sales 15,00,000

To Purchases 12,00,000 Less: Sales Return (24,000) 14,76,000

Less: Purchase Returns (18,000) 11,82,000 By Closing Stock 4,10,000

To Freight 62,000

To Gross Profit c/d 3,22,000

18,86,000 18,86,000