1,800 1,350 1,150 98 16. 17. 18. 19. 20. 21. 22. 23. 24. School Fee Conveyance Cosmetics Interest Received House Building Loan from Govt. Interest Paid Municipal Taxes Income Tax Accumulated Fund 3,000 20.000 1,870 3,000 2.500 88,300 1,40,100 Total: 1,40,100 Dr. PROBLEM 2. The following Trial Balance was extracted from the books of a Merchant, although the columns are agreed, yet they are incorrect. You are required to correct and redraft it. TRIAL BALANCE Cr. Rs. Rs. Premises 30,000 Capital 36,800 Machinery 8,500 Fixtures 2,800 Bad Debts 1,400 Sales 52.000 Returns Outwards 1,300 Debtors 30,000 Cash 200 Interest Received 1,300 Discount Received 1,500 Bank Overdraft 5,000 Creditors 25,000 Purchases 50.000 1,22,900 1,22,900