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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 | ||
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 |
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