Page 116 - Account 10

Illustration - 6
Prepare a trial balance from the following ledger balances of ABC Co. Kathmandu, for
Ashad, 2075.

Heads of account Balance (Rs) Heads of account Balance (Rs)
Equity Capital 80,000 Motor car 50,000
Business premises 60,000 Stock at commencement 10,000
Purchase 55,000 Sales 1,10,000
Heating and lighting 7,000 Wages 15,000
Salaries 20,000 Trade creditors 13,000
Return inwards 2,500 Creditors 1,500
Bad debt recovered 6,500 Equipment 30,000
Book debts 25,000 Selling expenses 4,500
Borrowed loan 70,000 Travelling expenses 3,500
Account payable 13,500 Account receivables 12,000

Solution:
Trial Balance of ABC Co., Kathmandu,
as on Ashad, 2075

S.N. Particulars L.F. Dr. Balance (Rs.) Cr. Balance (Rs.)
1. Equity Capital - 80,000
2. Motor car 50,000 -
3. Business premises 60,000 -
4. Stock at commencement 10,000 -
5. Purchase 55,000 -
6. Sales - 1,10,000
7. Heating and lighting 7,000 -
8. Wages 15,000 -
9. Salaries 20,000 -
10. Trade creditors - 13,000
11. Return inwards 2,500 -
12. Creditors - 1,500
13. Bad debt recovered - 6,500
14. Equipment 30,000 -
15. Book debts 25,000 -
16. Selling expenses 4,500 -
17. Borrowed loan - 70,000
18. Travelling expenses 3,500 -
19. Account payables - 13,500
20. Account receivables 12,000 -
Total 9,550 9,550

116 Aakar’s Office Practice and Accountancy - 10 Trial Balance 117