Given an example for adjusted trial balance

Banking & FinanceFinance ManagementGrowth & Empowerment

Refer the data given below to prepare an adjusted trial balance −

CBS ltd
Trial Balance
31-03-2007
ParticularsDebit (in rupees)Credit (in rupees)
Debtor200000
Salary35000
Rent55000
Cash50000
Sales
250000
Purchases60000
Furniture25000
Loan
135000
Creditors
40000
Total425000425000

Adjustments are made in salary and rent

Salary due = Rs. 55000

Rent (refundable deposit) included = Rs. 30000

Adjusted entries

The adjusted entries are as follows −

Salary account
To balance b/d35000

To outstanding salary55000By balance c/d90000

90000
90000

   

Rent account
To balance b/d55000By rent deposited30000


By balance c/d25000

55000
55000

Adjusted trial balance

The adjusted trial balance for the given data is as follows −

CBS ltd
Adjusted Trial balance
31-03-2007
ParticularsDebit (in rupees)Credit (in rupees)
Debtor200000
Salary90000
Rent25000
Rent deposit30000
Cash50000
Sales
250000
Purchases60000
Furniture25000
Loan
135000
Creditors
40000
Outstanding salary
55000
Total480000480000


raja
Published on 12-Jul-2021 11:33:27
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