Question 2-Prepare Trial Balance as on 31.03.2020 from the following balances of Ms. Shyam and Sons: Drawings Rs. 74,800 (1.04.2019) Rs. 30,000 Purchases Rs. 295,700 Stock Bills receivable Rs. 52,500 33,000 Capital Rs. 250,000 Furniture Rs. Discount allowed Rs. 950 Freight Rs. 3,500 75,000 Insurance Rs. 2,700 Discount received Rs. 1,000 Bank loan Rs. 120,000 Income tax Rs. 9,500 Machinery Rs. 215,400 Sales Rs. 335,350 Printing charges Rs. 1,500 Rent Rs. 72,500 Sundry creditors Sundry expenses Rs. 21,000 Stock (31.03.2020) Rs. 17,000 Bills payable Rs. 31,700
Question 2-Prepare Trial Balance as on 31.03.2020 from the following balances of Ms. Shyam and Sons: Drawings Rs. 74,800 (1.04.2019) Rs. 30,000 Purchases Rs. 295,700 Stock Bills receivable Rs. 52,500 33,000 Capital Rs. 250,000 Furniture Rs. Discount allowed Rs. 950 Freight Rs. 3,500 75,000 Insurance Rs. 2,700 Discount received Rs. 1,000 Bank loan Rs. 120,000 Income tax Rs. 9,500 Machinery Rs. 215,400 Sales Rs. 335,350 Printing charges Rs. 1,500 Rent Rs. 72,500 Sundry creditors Sundry expenses Rs. 21,000 Stock (31.03.2020) Rs. 17,000 Bills payable Rs. 31,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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