Question

The following balances are extracted from the books of Prabhu as on 31st March, 2017. Prepare Trial Balance
Discount allowed Rs. 250 Loan Rs. 7,000
Cash in hand Rs. 4,200 Lighting Rs.24,000
Capital Rs.50,000 commission Rs.15,000
Salaries Rs.12,000 Purchases Rs.29,050
Furniture Rs. 7,500 Sales Rs.35,000

Answer 1

Particulars. Debit. Credit
Discount allowed. 250
Loan. 7000
Cash in hand. 4200.
Lightening. 24000
Capital. 50000
Commission 15000
(Assumed expense )
Salary. 12000
Purchases. 29050
Furniture. 7500
Sales. 35000
Total. 92000. 92000