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CBSE Class 11-commerce Answered

Correct the given trial balance by rectifying the mistakes and prepare a new trial balance. Particulars L.F. Debit BalanceRs.  Credit BalanceRs.  Capital   2,00,000   Opening stock   80,000   Purchases     1,00,000 Debtors   25,000   Creditors     30,000 Sales     1,00,000 Office expenses   12,000   Purchase return     4,000 Land and Building   1,00,000   Bills receivable     1,000 Salary   15,000   Bad debts     1,000 Total   4,32,000 2,36,000  
Asked by Topperlearning User | 26 Jul, 2016, 12:17: PM
answered-by-expert Expert Answer

Particulars

L.F.

Debit BalanceRs. 

Credit BalanceRs. 

Capital

 

 

2,00,000

Opening stock

 

80,000

 

Purchases

 

1,00,000

 

Debtors

 

25,000

 

Creditors

 

 

30,000

Sales

 

 

1,00,000

Office expenses

 

12,000

 

Purchases return

 

 

4,000

Land and Building

 

1,00,000

 

Bills receivable

 

1,000

 

Salary

 

15,000

 

Bad debts

 

1,000

 

Total

 

3,34,000

3,34,000

 

Answered by | 26 Jul, 2016, 02:17: PM
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