How to prepare an unadjusted trial balance?

Banking & FinanceFinance ManagementGrowth & Empowerment

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


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