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Question No 2: The clerk of businessman wrongly prepared the following Trial Balance. You are required to draw up a Trial Balance correctly stating reasons

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Question No 2: The clerk of businessman wrongly prepared the following Trial Balance. You are required to draw up a Trial Balance correctly stating reasons in brief (10) Dr Cr 60,000 5,000 500 700 60.000 85.000 45,000 1.000 2.000 Heads of Account Capital Stock at beginning Discount allowed Commission received Fixed assets Sales Purchases Return outward Return inward Carriage inward Carriage outward Wages & Salary Bills receivable Debtors Bills payable Rent Interest paid Cash Creditors Stock at the End 600 700 25,000 7.000 9.000 7.000 3,000 2,000 800 6.900 33.800 177,500 177,500

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