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CBSE Class 11-commerce Answered

Prepare Trial Balance from the following information: Bank overdraft  Rs.80,000  Purchase Rs.3,90,000 Outstanding Expenses Rs.20,000 Sales Rs.4,20,000 Rent paid in advance Rs.30,000 Purchase Return Rs.10,000 Opening stock Rs.1,10,000  Fixed Assets Rs.2,00,000 Interest Received Rs.15,000  Bank Loan Rs.1,85,000   
Asked by Topperlearning User | 27 Jul, 2016, 01:01: PM
answered-by-expert Expert Answer

 Trial Balance as on…..

Head of Accounts

L.F.

Dr. Balance

Cr. Balance

Bank Overdraft A/c

 

 

80,000

Purchase A/c

 

3,90,000

 

Outstanding Expenses A/c

 

 

20,000

Sales A/c

 

 

4,20,000

Rent paid in Advance A/c

 

30,000

 

Purchase Return A/c

 

 

10,000

Opening Stock A/c

 

1,10,000

 

Fixed Assets A/c

 

2,00,000

 

Interest Received A/c

 

 

15,000

Bank Loan A/c

 

 

1,85,000

 

 

7,30,000

7,30,000

 

Answered by | 27 Jul, 2016, 03:01: PM
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