Question

Q.4. Prapare a trial balance of tanveer as on 30th september, 2017 based on the following balances, the amount required to balance be entered as capital :

Answer 1

debit side = cash at bank (31100) +bill receivable (20000) + stock :opening (48100) +trade expenses (5000)+rawat (14000) + furniture (42000) =160200
credit side= bills payable (24000) + rajveer (38200) = 62200
capital =debit side - credit side
=160200 -62200
=98000

Answer 2

Explanation:

Debit side : cash at bank = 31100

Bill receivable=20000

opening stock=48100

trade expenses=5000

Rawat =14000

furniture=42000

Credit side : bill payable=24000

Rajveer=38200

Capital =debit side - credit side

160200-62200

= 98000