Page 121 - Account 10

18. From the following ledger balances, prepare a Trial Balance.
Heads Amount Heads Amount
Secured loan 9,000 Provision for bad debts 1,500
Lease hold premises 12,000 Sundry expenses 700
Loose tools 4,000 Miscellaneous income 1,400
Notes receivable 5,000 Plant and machinery 9,500
Notes payable 4,500 Furnitures and fittings 7,500
Interest on loan borrowed 500 Wages 4,300
Commission received in advance 600 Salaries 2,200
Unpaid rent 900 Income tax 800
Equity capital 16,000 Purchases 22,000
Manufacturing expenses 1,700 Returns out 1,000
Office and general expenses 5,500 Sales 43,000
Salesman’s commission 700 Returns in 1,500
Ans : Trial Balance Total: 77,900
19. Prepare a trial balance of Nepal Store for the fiscal year 2075/076 based on the
following particulars.
Description Amount Description Amount
Capital 2,13,000 Salary 25,000
Purchase 75,000 Discount received 2,000
Sales 1,25,000 Stationery 5,000
Goodwill 45,000 Machine 1,90,000
Ans: Total: 3,40,000

20. Prepare Trial Balance from the following ledger balances.
Heads Amount Heads Amount
Land and building 50,000 Postal charges 700
Plant and machinery 30,000 Vehicles 25,000
Capital 63,000 Bad debt recovered 1,600
Loan on debenture 40,000 Cash 13,000
Book debts 24,000 Bank overdraft 10,000
Trade creditors 20,000 General reserve 21,000
Opening stock 7,000 Goodwill 17,000
Purchases 35,000 Sales 65,000
Discount on purchase 2,000 Sales returns 3,500
Interest received 1,100 Office and general expenses 2,300
Investment to XYZ Co. 10,000 Audit fees 800
Dividend received 2,300 Loan to Sharma Bros. 5,000
Telephone charges 1,800 Carriage outward 900
Ans: Trial Balance Total: 2,26,000

120 Aakar’s Office Practice and Accountancy - 10 Trial Balance 121