How to prepare an unadjusted trial balance?

Banking & FinanceFinance ManagementGrowth & Empowerment

<p>BCO Company has following ledger balances. Prepare an unadjusted trial balance as on 1/1/2001.</p><p>Cash balance &minus; Rs.52000/-</p><p>Account receivables &minus; Rs. 80000/-</p><p>Inventory &minus; Rs.35000/-</p><p>Accounts payable &minus; Rs. 56000/-</p><p>Long term liability &minus; Rs. 95000/-</p><p>Equity shares &minus; Rs.15000/-</p><p>Dividend paid &minus; Rs.1500/-</p><p>Revenue &minus; Rs. 28450/-</p><p>Cost of goods sold &minus; Rs. 22000/-</p><p>Rent &minus; Rs.1750/-</p><p>Wages &minus; Rs. 1250/-</p><p>Interest &minus; Rs.950/-</p><h2>Solution</h2><p>The solution is as follows &minus;</p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<table class="table table-bordered"><thead><tr><th colspan="5" style="text-align: center; width: 99.864%;">BCO Company<br>Unadjusted trial balance<br>1/1/2001<br></th></tr></thead><colgroup></colgroup><colgroup><col></colgroup> <colgroup></colgroup><colgroup><col></colgroup> <colgroup></colgroup><colgroup><col></colgroup><tbody><tr><td rowspan="2" style="text-align: center;">Particulars</td><td rowspan="2" style="text-align: center; width: 23.5374%;">Debit</td><td rowspan="2" style="text-align: center; width: 23.6735%;">Credit</td></tr><tr></tr><tr><td style="text-align: center;">Cash</td><td style="text-align: center; width: 23.5374%;">52000</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Accounts receivable</td><td style="text-align: center; width: 23.5374%;">80000</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Inventory</td><td style="text-align: center; width: 23.5374%;">35000</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Accounts payable</td><td style="text-align: center; width: 23.5374%;"><br></td><td style="text-align: center; width: 23.6735%;">56000</td></tr><tr><td style="text-align: center;">Long term liability</td><td style="text-align: center; width: 23.5374%;"><br></td><td style="text-align: center; width: 23.6735%;">95000<br></td></tr><tr><td style="text-align: center;">Equity shares</td><td style="text-align: center; width: 23.5374%;"><br></td><td style="text-align: center; width: 23.6735%;">15000</td></tr><tr><td style="text-align: center;">Dividend paid</td><td style="text-align: center; width: 23.5374%;">1500</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Revenue</td><td style="text-align: center; width: 23.5374%;"><br></td><td style="text-align: center; width: 23.6735%;">28450</td></tr><tr><td style="text-align: center;">Cost of goods sold</td><td style="text-align: center; width: 23.5374%;">22000</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Rent</td><td style="text-align: center; width: 23.5374%;">1750</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Wages</td><td style="text-align: center; width: 23.5374%;">1250</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Interest</td><td style="text-align: center; width: 23.5374%;">950</td><td style="text-align: center; width: 23.6735%;"><br></td></tr><tr><td style="text-align: center;">Total</td><td style="text-align: center; width: 23.5374%;">194450</td><td style="text-align: center; width: 23.6735%;">194450</td></tr></tbody></table><p><br></p>
raja
Updated on 12-Jul-2021 11:47:41

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