How to prepare an unadjusted trial balance?


BCO Company has following ledger balances. Prepare an unadjusted trial balance as on 1/1/2001.

Cash balance − Rs.52000/-

Account receivables − Rs. 80000/-

Inventory − Rs.35000/-

Accounts payable − Rs. 56000/-

Long term liability − Rs. 95000/-

Equity shares − Rs.15000/-

Dividend paid − Rs.1500/-

Revenue − Rs. 28450/-

Cost of goods sold − Rs. 22000/-

Rent − Rs.1750/-

Wages − Rs. 1250/-

Interest − Rs.950/-

Solution

The solution is as follows −

      
BCO Company
Unadjusted trial balance
1/1/2001
ParticularsDebitCredit
Cash52000
Accounts receivable80000
Inventory35000
Accounts payable
56000
Long term liability
95000
Equity shares
15000
Dividend paid1500
Revenue
28450
Cost of goods sold22000
Rent1750
Wages1250
Interest950
Total194450194450


Updated on: 12-Jul-2021

147 Views

Kickstart Your Career

Get certified by completing the course

Get Started
Advertisements