Given below are the ledger balances of a professional firm: Capital 4,00,000, Computer 25,000, Air Conditioner and Furniture 1,00,000, fixed deposits 2,00,000, Salaries 8,00,000 Fees received 12,00,000. Travelling expenses 1, 50,000, Rent and office expenses 2, 40,000, Cash Balances 1,80,000, Bank Overdraft 95,000. The total of the Trial Balance will be:

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.