Question

The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______ a) Rs.26,40,000 b) Rs.24,99,000 c) Rs.26,20,000 d) Rs.25,12,000

Answer 1

Answer:yes

Explanation:

Debit = credit in a trial balance or

Debit > credit in a trial balance or

Debit < credit in a trial balance but

Debit+Credit is not the total trial balance

Debit-Credit=Single column trial balance