Question

Q25. from the following Ledger account balances extracted from the books of K.J. Gupta, prepare a Trial
Balance as on 31st March 2018 and find the amount of capital :
Rs.
Rs.
Purchases
1,04,000 Drawings
7,000
Sundry Debtors
18,550 Income Tax
950
Premises
62,000 Sundry Creditors
8,300
Sales
1,49,000 Returns Inward
5,360
Returns Outward
8,900 Furniture
10,000
Rates and Taxes
780 Patents
5,600
Cash at Bank
1,560
Cash in Hand
390
Carriage Inwards
650 Factory Wages
5,830
Salaries
3,900 Carriage Outwards
260
Stock (1 st April, 2017)
25,000 Rent Received
2,990
Input IGST A/C
5,000 Insurance
2,100
Input CGST A/C
2,500 Bad Debts
260
Input SGST A/C
2,500 Output IGST A/C
10,000
( 4 Marks )
(OR)​

Answer 1

Explanation:

Hope your doubts are clear