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


Updated on: 2021-07-12T11:47:41+05:30

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