Question 8.
From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March, 2018:
Answers
Trial Balance as on 31.3.2018
Explanation:
Trial Balance
as on 31.3.2018
Particulars Debit(Rs.) Credit(Rs.)
Capital 75,00,000
Comm. Received 1,75,000
Purchase Returns 50,000
Interest Received 30,000
Discount Received 45,000
Creditors 2,50,000
Sales 62,50,000
Plant 15,00,000
Cash in Hand 2,500
Discount Allowed 55,000
Repairing Charges 1,25,000
General Expenses 3,00,000
Wages 5,00,000
Furniture 1,20,000
Sales Returns 90,000
Loan Advanced 6,00,000
Office Salaries 6,25,000
Building 7,50,000
Opening Stock 12,50,000
Cash at Bank 5,75,000
Rates,Taxes and Insurance 30,000
Book debts 15,00,000
Rent 62,500
Purchases 48,00,000
Carriage and Freight 75,000
Delivery Van 5,00,000
Travelling Expenses 50,000
Drawings 6,00,000
Suspense A/c(Bal. fig.) 1,90,000
Total 1,43,00,000 1,43,00,000