Page 113 - Account 10

Illustration - 3
The following balances were extracted from the books of Bharatmani Bros. as on 31
st
Kartik, 075, prepare a trial balance:
Heads of account Balance (Rs) Heads of account Balance (Rs)
Capital 60,000 Discount allowed 600
Business premises 35,000 Wages 17,000
Furniture & fixtures 13,500 Insurance & rates 1,200
Plant and machinery 46,000 Sundry creditors 22,000
Purchases 78,000 Sundry debtors 34,000
Sales 1,30,000 Drawings 3,000
Return inwards 1,500 Bills payable 4,000
Return outwards 2,000 Cash in hand 1,500
Carriage inward 1,400 Bank overdraft 15,300
Carriage outward 1,100 Commission received 500
Solution:
Trial Balance of Bharatmani Bros,
as on 31st Ashwin, 075
S.N. Particulars L.F. Dr. Balance Cr. Balance
1. Capital (Capital) - 60,000
2. Business premises (Assets) 35,000 -
3. Furniture & fixtures (Assets) 13,500 -
4. Plant and machinery (Assets) 46,000 -
5. Purchases (Expenses) 78,000 -
6. Sales (Income) - 1,30,000
7. Return inwards (Less from sales/income) 1,500 -
8. Return outwards (Less from purchase/expenses) - 2,000
9. Carriage inward (Expenses) 1,400 -
10. Carriage outward (Expenses) 1,100 -
11. Commission received (Income) - 500
12. Discount allowed (Expenses) 600 -
13. Wages (Expenses) 17,000 -
14. Insurance & rates (Expenses) 1,200 -
15. Sundry creditors (Liabilities) 22,000
16. Sundry debtors (Assets) 34,000 -
17. Drawings (Less from capital) 3,000 -
18. Bills payable (Liabilities) - 4,000
19. Cash in hand (Assets) 1,500 -
20. Bank overdraft (Liabilities) - 15,300
Total 2,33,800 2,33,800

112 Aakar’s Office Practice and Accountancy - 10 Trial Balance 113