The following Trial Balance has been prepared by an inexperienced accountant as on 31 March 2018. Redraft it in a correct form.
Particulars
Dr.( ?)
Cr.( ?)
Capital
17,900
Drawings
2,100
Opening Stock
7450
Purchases
46,200
Sales
78,880
Wages
12,410
Electricity charges
620
Machinery and Equipments
7,200
Carriage outward
460
Returns inward
210
Returns outwards
580
Bank loan
700
Discount allowed
600
Discount received
600
Rent
2,200
Building Premises
2,950
Cash in hand
220
Sundry Creditors
9,850
Sundry Debtors
27,840
Bank Overdraft
1950
Total
1,10,460
1,10,460
Dear Student
Regards
| Trial Balance | |||
| Dr. | Cr. | ||
| Particulars | Amount | Particulars | Amount |
| Drawings | 2,100 | Capital | 17,900 |
| Opening Stock | 7,450 | Sales | 78,880 |
| Purchases | 46,200 | Purchase Return | 580 |
| Wages | 12,410 | Bank Loan | 700 |
| Electricity Charges | 620 | Discoubt Reveived | 600 |
| Machinery and Equipments | 7,200 | Sundry Creditors | 9,850 |
| Carriage Outward | 460 | Bank OD | 1,950 |
| Sales Return | 210 | ||
| Discount Allowed | 600 | ||
| Rent | 2,200 | ||
| Building Premises | 2,950 | ||
| Cash in Hand | 220 | ||
| Sundry Debtors | 27,840 | ||
| 110,460 | 110,460 | ||
Regards