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Prepare a trial balance as of December 31, 2021. Cash Account 580.00 Interest Earned 200.00 Cash in Bank Account 25,000.00 Inventory Account 20,000.00 Furniture Account 2,000.00 Building Account 10,000.00 Anil Account-debtors 1,000.00 Madhu Account-debtors 2,000.00 Capital Account 55,000.00 Babu's Loan Account 10,000.00 Purchase Account 8,800.00 Purchase Discount 380.00 Bahrat Company-creditors 5,000.00 Fixtures Account 5,300.00 Interest on Loans Payable 500.00 Sales Account 7,100.00 Bad Debts Account 300.00 Salary Account 2,000.00 Drawings Account 200.00 NOTE: Please put VAT as applicable if it requires percentage it's 5%

Prepare a trial balance as of December 31, 2021. Cash Account 580.00 Interest Earned 200.00 Cash in Bank Account 25,000.00 Inventory Account 20,000.00 Furniture Account 2,000.00 Building Account 10,000.00 Anil Account-debtors 1,000.00 Madhu Account-debtors 2,000.00 Capital Account 55,000.00 Babu's Loan Account 10,000.00 Purchase Account 8,800.00 Purchase Discount 380.00 Bahrat Company-creditors 5,000.00 Fixtures Account 5,300.00 Interest on Loans Payable 500.00 Sales Account 7,100.00 Bad Debts Account 300.00 Salary Account 2,000.00 Drawings Account 200.00 NOTE: Please put VAT as applicable if it requires percentage it's 5%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare a trial balance as of December 31, 2021.  
       
  Cash Account                  580.00
  Interest Earned                   200.00
  Cash in Bank Account            25,000.00
  Inventory Account            20,000.00
  Furniture Account               2,000.00
  Building Account            10,000.00
  Anil Account-debtors               1,000.00
  Madhu Account-debtors               2,000.00
  Capital Account            55,000.00
  Babu's Loan Account            10,000.00
  Purchase Account               8,800.00
  Purchase Discount                  380.00
  Bahrat Company-creditors               5,000.00
  Fixtures Account               5,300.00
  Interest on Loans Payable                  500.00
  Sales Account               7,100.00
  Bad Debts Account                  300.00
  Salary Account               2,000.00
  Drawings Account                  200.00
       
NOTE: Please put VAT as applicable if it requires percentage it's 5%
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