the amount of drawings had been omitted from the following figures you have to prepare trial balance and find the amount of drawing.capital 5000 expenses 27000 sales 59000 provision for bad debts 500 salaries 10000 debtors rs 19000 the amount of drawing is
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Answer:
the amount of drawing had been omitted from the following figure you have to prepare trial balance and find the amount of drawing 59000
Answer:
Amount of drawings had been omitted from trial balance
To Find :
Amount of Drawings
Trial Balance be like :
Particulars. Debit. Credit
• Capital 5000
• Expenses. 27,000
• Sales. 59,000
• Provision for
bad debts 500
• Salaries. 10,000
• Debtors. 19,000
• Drawings. 7500
________ ________
64,000. 64,000
∴ Amount Of Drawings = 7500
Drawings are recorded in debit side. The total of debit side except drawings is 56,500.
The Credit Side Total is 64,000
To Find Amount Of Drawings =
= Total amt. of credit side - Amt. in debit side
= 64,000 - 56,500
= 7500
= 56,500 + 7500 = 64,000