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CBSE Class 11-commerce Answered

Prepare a correct trial balance by rectifying the errors done by the accountant in the below trial balance. Particulars L.F. Debit BalanceRs.  Credit BalanceRs.  Opening stock   51,300   Return outwards   24,000   Salary   18,000   Creditors   42,000   Bank   67,500   Carriage inwards   9,000   Rent received   4,500   Discount allowed   3,000   Purchases   1,50,000   Bills payable   30,000   Debtors     22,500 Carriage outwards     7,500 Capital     82,800 Machinery     27,000 Return inwards     4,500 Discount received     6,000 Trade expenses     9,000 Sales     2,10,000 Building     30,000 Total   3,99,300 3,99,300  
Asked by Topperlearning User | 27 Jul, 2016, 01:10: PM
answered-by-expert Expert Answer

Particulars

L.F.

Debit BalanceRs. 

Credit BalanceRs. 

Opening stock

 

51,300

 

Return outwards

 

 

24,000

Salary

 

18,000

 

Creditors

 

 

42,000

Bank

 

67,500

 

Carriage inwards

 

9,000

 

Rent received

 

 

4,500

Discount allowed

 

3,000

 

Purchases

 

150,000

 

Bills payable

 

 

30,000

Debtors

 

22,500

 

Carriage outwards

 

7,500

 

Capital

 

 

82,800

Machinery

 

27,000

 

Return inwards

 

4,500

 

Discount received

 

 

6,000

Trade expenses

 

9,000

 

Sales

 

 

210,000

Building

 

30,000

 

Total

 

399,300

399,300

 

Answered by | 27 Jul, 2016, 03:10: PM
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