Megha a fresh management graduate has recently joined TCF ltd . She was asked by the Chief Accountant of the firm to prepare the Trial Balance for the year ended 31st March 2017. Megha extracted the balances from the ledger accounts of the company and put them in the Trial Balance. She is pleased with fact that the total of both the sides of the Trial Balance has almost tallied. The Chief Accountant however is not satisfied because the Trial Balance has to exactly match due to double-entry bookkeeping system being followed. You are requested to help Megha in preparing corrected Trial Balance and balance sheet. (10+10=20 Marks)

The Trial Balance prepared by Megha is given below :

Trial Balance of TCF as on 31st March 2017.

Interest Charges	66,550	Salaries	532,600
Electricity Expenses	35,368	Rent Paid	199,660
Phone	24,657	Sales Returns	399,300
Commission Paid	199,660	Purchase	8,319,200
Insurance Premium	74,420	Opening Stock	402,000
Bad Debts	66,560	Debtors	1,796,950
Provident Fund deducted from Salaries	33,000	Sales	10,715,129
Cash	56,647	Bank	303,500
Loan from Bank	1,265,000	Furniture	332,768
Creditors	1,331,800	Machinery	732,089
Building	1,700,000	Capital	1,897,000