The following is the Trial balance prepared by an inexperienced accountant. Redraft il in a correct
form and give necessary notes:
18]
TRIAL BALANCE
for the year ending 31st March, 2018
Name of Accounts
Debit Amount Credit Amount
12,200
9,200
15,600
53,500
2,100
11,000
10,200
10,000
86,200
7,800
Sundry Debtors
Sundry Creditors
Opening Stock
Purchases
Purchases Returns
Cash in hand
Machinery
Goodwill
Sales
Sales Returns
Loan from Ram
Interest on Ram's Loan
Bills Receivable
Capital
Life Insurance Premium
Carriage
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Discount Received
Investments
Interest on Investments
20,000
3,000
6,400
57,000
5,000
600
2,500
1,500
8,000
800
1,76,000
1,76,000
Answers
Answered by
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Answer:
Carriage
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Discount Received
Investments
Interest on Investments
20,000
3,000
6,400
57,000
5,000
600
2,500
1,500
8,000
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