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Explain trial balance with an example
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 |
||||
| 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 |
||||
Updated on: 2021-07-12T11:30:01+05:30
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