Trial Balance for the period of 31st March, 20XX

Ledger accounts

Amount Dr.

Loose tools

56,000

Cash

24,000

Debtors

86,000

Rent

2,60,000

Machinery

Furniture

86,000

Amount Cr.

4,000

I

Creditors

48,000

Capital

3,40,000

Loan from a friend, Sam

80,000

1,80,000

Sales

Purchase

Commission

20,000

Salary

Sales returns

10.000

10,000

Grand Total

6,52,000

Additional information:

1) Closing stock Rs 50,000

2) Outstanding salary Rs 2,000

3) Bad debts on debtors Rs 6,000

4) Depreciation on Machinery 10%na