Question

question=Prepare Trial balance from the following accounts. Land 1,00,000 Building 2,00,000 Salary 30,000 Machinery 50,000 Sale 80,000 Purchase 1,00,000 Purchase Return 20,000 Capital 3,80,000.
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Answer 1

Answer:

I am writing a basic concept which always help you to prepare trial balance without any problem:

- Debit all assets and expenses and

- credit all liabilities, capital, revenue

particulars Debit Credit

Land 1,00,000

Building 2,00,000

salary 30,000

Machinery 50,000

Sale 80,000

Purchase 1,00,000

Purchase return 20,000

Capital 3,80,000

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