Question No 12 Chapter No 10

Question No 12 Chapter No 10

12. The following is the trial Balance of Thakur Bros. as of 28th February 2018

Stock on 1st April, 20171,50,000 
Cash and Bank Balance18,000 
Purchases & Sale24,00,00042,00,000
Debtors & Creditor1,80,0001,62,000
Capital 7,00,000
Salaries 2,10,000 
General Expenses 4,000 
Fixed Assets15,00,000 

The Following transaction was recorded during the month of March 2018

  1. Credit purchase of goods Rs 2,20,000
  2. Credit sale of goods Rs 3,75,000
  3. Purchases return Rs 15,000
  4. Sale return Rs 10,000
    You are required to prepare the trial balance as of 31st march 2018

The solution of Question No 12 Chapter No 10: –

Trail Balance A/c
Stock on 1st April 2017 A/c 1,50,000 
Cash & Bank Balance A/c 18,000 
Purchases A/c 26,20,000 
Sale A/c  45,75,000
Return Inwards A/c 1,90,000 
Return outwards A/c  85,000
Debtors A/c 4,70,000 
Creditor A/c  1,62,000
Capital A/c  7,00,000
Drawings A/c 20,000 
Salaries A/c 2,10,000 
Rent A/c 1,80,000 
Gernal Expenses A/c 4,000 
Fixed Assets A/c 15,00,000 

What is Ledger in accounting – explain its Types

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