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
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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