Trial balance is prepared ………………
- AAt the end of the year
- ✓On a particular date
- CFor a year
- DNone of the above
Answer: B.
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Answer: B.
View full solution →Answer: C.
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View full solution →| Particulars | Debit Balance | Credit Balance |
| Opening Stock | 1,00,000 | |
| Salaries | 36,000 | |
| Creditors | 1,32,000 | |
| Bank | 35,000 | |
| Carriage inwards | 18,000 | |
| Rent received | 9,000 | |
| Discount allowed | 6,000 | |
| Purchases | 3,48,000 | |
| Bills payable | 60,000 | |
| Debtors | 45000 | |
| Carriage outwards | 15,000 | |
| Capital | 1,63,000 | |
| Returns inward | 9,000 | |
| Discount received | 12,000 | |
| Trade expenses | 18,000 | |
| Sales | 3,68,000 | |
| Building | 1,14,000 | |
| Total | 7,44,000 | 7,44,000 |
| Name of the account | ₹ | Name of the account | ₹ |
| Cash at bank | 28,000 | Rent and rates | 4,000 |
| Sundry debtors | 59,600 | Bank charges | 400 |
| Furniture and Fixtures | 1,72,000 | Bad debts | 4,000 |
| Office equipment | 1,10,000 | Drawings | 20,000 |
| Adjusted purchases | 2,80,000 | Insurance premium | 4,000 |
| Sales returns | 3,000 | Capital | 3,00,000 |
| Closing stock | 15,000 | Sundry creditors | 64,000 |
| Sales | 2,36,000 | Loan (Cr.) | 1,00,000 |
S. No. | Name of the account | L.F. | Debit balance | Credit balance |
1 | Capital | 50,000 | ||
2 | Discount received | | 3,000 | |
3 | Rent paid | 15,000 | ||
4 | Salaries paid | | 1,000 | |
5 | Purchases of textiles | | | 20,000 |
6 | Sale of textiles | | 30,000 | |
7 | Salesmen commission paid | | | 9,000 |
8 | Transport charges paid | | 6,000 | |
9 | Cash balance | | 32,000 | |
Total | 89,000 | 77,000 |
| Name of the account | ₹ | Name of the account | ₹ |
| Opening stock | 40,000 | Debtors | 25,000 |
| Capital | 90,000 | Carriage inwards | 16,500 |
| Sales | 1,77,200 | Bills receivable | 20,000 |
| Salaries | 12,000 | Commission received | 5,550 |
| Bills payable | 9,450 | Cash at bank | 17,000 |
| Telephone charges | 2,350 | Furniture | 19,000 |
| Creditors | 16,000 | Plant & Machinery | 55,800 |
| Purchases | 85,000 | Repairs | 550 |
| Name of the account | ₹ | Name of the account | ₹ |
| Capital | 1,50,000 | Sales | 75,000 |
| Debtors | 22,800 | Return inwards | 1,000 |
| Rent received | 500 | Discount allowed | 800 |
| Bank overdraft | 3,100 | Discount received | 1,000 |
| Creditors | 5,500 | Wages | 2,900 |
| Premises | 1,46,000 | Salaries | 3,500 |
| Opening stock | 10,000 | Commission paid | 1,100 |
| Purchases | 45,000 | General expenses | 2,000 |
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