Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a trial balance from the following ledger balances. Particulars Cash in hand Interest on loan Purchases Debtors/Account Receivables Sales Carriage inwards Carriage outwards Salary

Prepare a trial balance from the following ledger balances. Particulars Cash in hand Interest on loan Purchases Debtors/Account Receivables Sales Carriage inwards Carriage outwards Salary Assets & Expenses in debit Column S 7,200 Equity 1,100 Drawings 27,600 Machinery Particulars $ 66,000 3,330 8,000 7,400 21,000 7400 900 I 7,099 Advertisement 16,200 Non-Current Assets 1,100 Creditors 1,300 Discount received 4,900 Return inwards (Sales Return) 471 Liabilities & Equity Retained Earning / Incomes in Credit Column Trail Balance Dr Cr Date Details LF Amount Amount

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial And Managerial Accounting

Authors: James Don Edwards, Roger H. Hermanson

1st Edition

0256130000, 978-0256130003

More Books

Students also viewed these Accounting questions