Explain trial balance with an example

Banking & Finance Finance Management Growth & Empowerment

Refer the following data to prepare the trial balance −

Books of accounts

Particulars	Amount (in rupees)	Particulars	Amount (in rupees)	Particulars	Amount (in rupees)
Cash in hand	6000	Sales	257000	Rent	2500
Cash at bank	300000	Purchases	50000	Drawings	18000
Sundry debtors	25000	Carriage inwards	2500	Stock	12000
Sundry creditors	18000	Salaries	20000	Capital A/c	190000
Bills receivables	28000	Marketing expenses	3000	Furniture's and fixtures	6500
Bills payable	10000	Insurance paid	1500

Solution

The trial balance is given below −

XYZ ltd 31/03/2009
Sl.No	Account Title	Balance
Sl.No	Account Title	debit	Credit
1	Cash in hand	6000
2	Cash at bank	300000
3	Sundry debtors	25000
4	Sundry creditors		18000
5	Bills receivables	28000
6	Bills payable		10000
7	Capital Ac		190000
8	Drawings	18000
9	Sales		257000
10	Purchases	50000
11	Carriage inwards	2500
12	Salaries	20000
13	Marketing expenses	3000
14	Insurance paid	1500
15	Furniture's and fixtures	6500
16	Stock	12000
17	Rent	2500
	Total	475000	475000

Nagasravan Tamma

Published on 12-Jul-2021 11:24:46

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