Page 117 - Account 10

Illustration - 7
The following is a trial balance prepared by an inexperienced book-keeper. Redraft it
in a correct form.
Trial Balance, As on .........................
S.N. Particulars L.F. Dr. Balance (Rs.) Cr. Balance (Rs.)
1. Opening stock 400 -
2. Capital - 3,500
3. Cash in hand 500 -
4. Cash at bank - 1,000
5. Interest paid 300 -
6. Bills payable 600 -
7. Wages 700 -
8. Purchase returns 300 -
9. Sales returns - 200
10. Sales 2,150 -
11. Purchases - 800
12. Rent paid 100 -
13. Commission paid - 50
14. Bills receivables - 700
15. Furniture 500 -
16. Debtors and Creditors 3,000 2,000
17. Loan on debenture - 1,000
18. Vehicles 1,300 -
Total 9,850 9,850
Solution:
Trial Balance, As on ........................
S.N. Particulars L.F. Dr. Balance (Rs.) Cr. Balance (Rs.)
1. Opening stock 400 -
2. Capital - 3,500
3. Cash in hand 500 -
4. Cash at bank 1,000 -
5. Interest paid 300 -
6. Bills payable - 600
7. Wages 700 -
8. Purchase returns - 300
9. Sales returns 200 -
10. Sales - 2,150
11. Purchases 800 -
12. Rent paid 100 -
13. Commission paid 50 -
14. Bills receivables 700 -
15. Furnitures 500 -
16. Debtors and Creditors 3,000 2,000
17. Loan on debenture - 1,000
18. Vehicles 1,300 -
Total 9,850 9,850

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