Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0.15 Illustration 25 Following is the trial balance as on 31st March 2019 prepared by an incompetent accountant You are required to rewrite it in

image text in transcribed

image text in transcribed

0.15 Illustration 25 Following is the trial balance as on 31st March 2019 prepared by an incompetent accountant You are required to rewrite it in its correct form: Particulars Dr. Capital 24,000 Stock on 1-4-2018 8,500 Furniture 2,600 Purchase 8,950 Cash at bank 7,300 Carriage 300 Sales 22,500 Buildings 12,000 Retum Inwards 1,900 Trade Expenses 1,000 Return outwards 350 Discount Received 970 Office Rent 2,270 Salary 3,000 Total 60,020 35,620 illustration 24 From the following balance extracted from the book of Sachin as on 31.03.2019, prepare a Trial Balance Name of the Account (0 Sales Alc 96,000 Purchases Alc 80,000 Drawing Alc 12,000 Capital Alc 70,000 Sundry Debtors Alc 56,000 Sundry Creditors Alc 50,000 Commission Received a/c 6,000 Rent paid a/c 2,400 Bills receivable a/c 4,000 Opening stock 10,000 Purchase returns 2,800 Sales Returns 1,600 Plant and machinery 40,000 Furniture 5,000 Bills payable a/c 15,800 Discount received 300 Discount allowed 400 Salaries 7,200 Carriage 1.000 Insurance 400 Cash in hand 9,500 Cash at bank 11,000 Commission paid 400

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

Financial Accounting and Reporting a Global Perspective

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

4th edition

978-1408076866

Students also viewed these Accounting questions