Example (3) Trial Balance as at 31st December 2014- Al BuraimiTraders OMR OMR 40 000 6 800 200 900 60 300 300 90 400 940 10 000 10 000 particulars Capital Equipment Cash Bank (Credit balance) Purchases Returns out Sales Returns in Rent revenue Cars Interest revenues Land Bad debts Salaries Rent expenses General expenses Drawings Insurance Debtors Creditors Opening stock Fixtures and fittings 20 000 20 000 700 15 300 6 800 8 600 5 020 1 840 9800 4 200 4 500 15 000 165 800 165 800 | Income Statement Sales less sales returns ( ) Net sales less cost of sales opening stock purchases purchases returns ( closing stock ( ) ( ) Gross...... less expenses: Bad debts Stationery expense Rent expenses General expenses Insurance Salaries ) Add Revenues Rent revenue Interest revenues Service revenues Net............. Balance sheet as of 31.12.2012 Current assets: Current Liabilities: Long-term liabilities: Fixed assets: Owner's equity