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
Particulars	Debit	Credit
Particulars	Debit	Credit
Cash	52000
Accounts receivable	80000
Inventory	35000
Accounts payable		56000
Long term liability		95000
Equity shares		15000
Dividend paid	1500
Revenue		28450
Cost of goods sold	22000
Rent	1750
Wages	1250
Interest	950
Total	194450	194450

Published on 12-Jul-2021 11:43:32