Prepare trial balance using total and balance method for the given data

Refer the data given below −

Name of account	Amount (in rupees)			Name of account	Amount (in rupees)
	Balances	Total(credit)	Total(debit)
Cash in hand	10000	20000	10000	Supplies	3000
Accounts receivable	17500			Revenue fee	20000
Accounts payable	1000	2000	1000	Note payable	5000
Revenue (unearned)	800			Common stock	7000
Furniture and fitting	3500			Machinery	4000

Solution

The trial balance prepared by using total and balance method is given below -

Updated on 12-Jul-2021 11:23:16

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