=+1. •The following Trial Balance of a sole trader, although it adds up to the same total on both sides, is incorrect:

Trial Balance at 30th June, 1962 Dr, Cr.

£ £

Capital, 1st July, 1961 8,950 Drawings 1,050 Stock, 1st July, 1961 3,725 Purchases 23,100 Sales 39,425 Wages and Salaries 6,205 Lighting and Heating 310 Equipment 3,600 Carriage Outwards 230 Returns Inwards 105 Returns Outwards 290 Provision for Bad Debts 350 Discount Allowed 285 Discount Received 315 Rent, Rates & Insurance 1,115 Motor Vehicles 1,475 Cash in Hand 110 Sundry Creditors 4,925 Sundry Debtors 13,920 Bank Overdraft 975

£55,230 £55,230 Draw up a corrected Trial Balance.