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 −

Nagasravan Tamma

Updated on: 12-Jul-2021

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