
The following is the Trial Balance of Sardar Durlabh Singh. It adds up to the same total on both side. Is it correct?
| The Trial Balance of Sardar Durlabh Singh | ||
| Name of account | Debit | Credit |
| Capital | 8,950 | |
| Drawings | 1,050 | |
| Stock | 3,725 | |
| Purchases | 23,100 | |
| Wages and salaries | 6,205 | |
| Sales | 39,425 | |
| Lighting and heating | 310 | |
| Equipment | 3,600 | |
| Carriage outwards | 230 | |
| Return inward | 105 | |
| Return outward | 290 | |
| Provision for bad debts | 350 | |
| Discount allowed | 285 | |
| Discount received | 315 | |
| Rent, Rates and Sundries | 1,115 | |
| Motor vehicles | 1,475 | |
| Cash in hand | 110 | |
| Sundry creditors | 4,925 |
| Trail Balance A/c | ||||
| S. No. | Name of A/c | L.F. | Debit | Credit |
|---|---|---|---|---|
| 1 | Capital | 8,950 | ||
| 2 | Drawings | 1,050 | ||
| 3 | Stock | 3,725 | ||
| 4 | Purchases | 23,100 | ||
| 5 | Wages and salaries | 6,205 | ||
| 6 | Sales | 39,425 | ||
| 7 | Lighting and heating | 310 | ||
| 8 | Equipment | 3,600 | ||
| 9 | Carriage outwards | 230 | ||
| 10 | Provision for bad debts | 350 | ||
| 11 | Discount allowed | 285 | ||
| 12 | Discount received | 315 | ||
| 13 | Rent, Rates and Sundries | 1,115 | ||
| 14 | Motor vehicles | 1,475 | ||
| 15 | Cash in hand | 110 | ||
| 16 | Sundry creditors | 4,925 | ||
| 17 | Sundry creditors | 13,920 | ||
| 18 | Bank overdraft | 975 | ||
| 19 | Return inward | 105 | ||
| 20 | Return outward | 290 | ||
| Total | 55,230 | 55,230 |
Read out the full article to know the meaning of Cash Book
Also, Check out the same article in Hindi from the following link
Trial Balance | Explanation | Methods | Examples
Also, Check out the solved question of all Chapters: –
Part-I
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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