CBSE Class 11-commerce Answered
Prepare Trial Balance from the following
information: Prepaid Expense Rs.5,000, Profit and Loss A/c (Profit) Rs.8,000,
Outstanding Rent Rs.2,000, Bad Debts Recovered Rs.4,000,
Interest on Investment Rs.1,000, Due to Mohan Rs.5,000, Bank
overdraft Rs.2,000, Discount Allowed Rs.800, Due
from Vinod Rs.1,200, Investment Rs.15,000, Patents Rs.4,000,
Machinery Rs.6,000, Capital Rs.10,000.
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
Expert Answer
Heads of Accounts |
L.F. |
Dr. Balance Rs. |
Cr. Balance Rs. |
Prepaid Expense |
|
5,000 |
|
Profit and Loss A/c (Profit) |
|
|
8,000 |
Outstanding Rent |
|
|
2,000 |
Bad Debts Recovered |
|
|
4,000 |
Interest on Investment |
|
|
1,000 |
Due to Mohan |
|
|
5,000 |
Bank overdraft |
|
|
2,000 |
Discount Allowed |
|
800 |
|
Due from Vinod |
|
1,200 |
|
Investment |
|
15,000 |
|
Patents |
|
4,000 |
|
Machinery |
|
6,000 |
|
Capital |
|
|
10,000 |
Total |
|
32,000 |
32,000 |
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