Page 114 - Account 10

Illustration - 4
From the following balances, prepare a trial balance as on 30 Bhadra, 075, in the books
th
of LNS Co. Pvt. Ltd.
Heads of account Balance (Rs) Heads of account Balance (Rs)
Bills receivables 13,000 Capital 60,000
Rent 7,000 Debtors 22,000
Opening stock 5,500 Creditors 20,000
Building 25,000 Bank overdraft 12,000
Loan 20,000 Sales 58,000
Purchases 35,000 Wages 13,000
Interest 3,000 Cash 5,000
Bills payable 10,500 Machinery 50,000
Sales return 5,000 Purchase returns 3,500
Tax and insurance 1,500 Dividend (Cr.) 1,000
Solution:
Trial Balance of LNS Co. Pvt. Ltd,
as on 31 Bhadra, 075
st
S.N. Particulars L.F. Dr. Balance (Rs.) Cr. Balance (Rs.)
1. Bills receivables 13,000 -
2. Capital - 60,000
3. Rent 7,000 -
4. Debtors 22,000 -
5. Opening stock 5,500 -
6. Creditors - 20,000
7. Building 25,000 -
8. Bank overdraft - 12,000
9. Loan - 20,000
10. Sales - 58,000
11. Purchases 35,000 -
12. Wages 13,000 -
13. Interest 3,000 -
14. Cash 5,000 -
15. Bills payable - 10,500
16. Machinery 50,000 -
17. Sales returns 5,000 -
18. Purchase returns - 3,500
19. Tax and insurance 1,500 -
20. Dividend (Cr.) - 1,000
Total 1,85,000 1,85,000

114 Aakar’s Office Practice and Accountancy - 10 Trial Balance 115