Page 115 - Account 10

Illustration - 5
From the under mentioned ledger balances of Hiralala & Co., prepare a trial balance as
on 31 Ashwin, 075.
st
Heads of account Balance (Rs) Heads of account Balance (Rs)
Capital 30,000 Stock (1-6-075) 10,000
Business premises 20,000 Sundry debtors 12,000
Furniture and fittings 8,500 Sales 1,50,000
Discount allowed 1,600 Insurance premium 1,500
General expenses 4,000 Salaries 10,000
Carriage outwards 500 Bad debt written off 800
Bank deposit 5,000 Sundry creditors 11,500
Reserve fund 4,500 Purchases 1,10,000
Sales returns 2,000 income tax paid 1,500
Rent received from tenants 2,000 Wages 5,000
Carriage inwards 2,200 Legal expenses 1,800
Cash in hand 1,600

Solution:
Trial Balance of Hiralal & Co.
As on 31 Ashwin, 075
st
S.N. Particulars L.F. Dr. Balance (Rs.) Cr. Balance (Rs.)
1. Capital - 30,000
2. Stock (1-6-075) 10,000 -
3. Business premises 20,000 -
4. Sundry debtors 12,000 -
5. Furniture and fittings 8,500 -
6 Sales - 1,50,000
7. Discount allowed 1,600 -
8. Insurance premium 1,500 -
9. General expenses 4,000 -
10. Salaries 10,000 -
11. Carriage outwards 500 -
12. Bad debt written off 800 -
13. Bank deposit 5,000 -
14. Sundry creditors - 11,500
15. Reserve fund - 4,500
16. Purchases 1,10,000 -
17. Sales returns 2,000 -
18. Income tax paid 1,500 -
19. Rent received from tenants - 2,000
20. Wages 5,000 -
21. Carriage inwards 2,200 -
22. Legal expenses 1,800 -
23. Cash in hand 1,600 -
Total 1,98,000 1,98,000

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