Question

From the following balances, prepare trial balance of Baskar as on 31^st March, 2017. Transfer the difference, if any, to the suspense account.

Name of the account	₹	Name of the account	₹
Opening stock	40,000	Debtors	25,000
Capital	90,000	Carriage inwards	16,500
Sales	1,77,200	Bills receivable	20,000
Salaries	12,000	Commission received	5,550
Bills payable	9,450	Cash at bank	17,000
Telephone charges	2,350	Furniture	19,000
Creditors	16,000	Plant and Machinery	55,800
Purchases	85,000	Repairs	550

Answer 1

In the books of Baskar Trial Balance as on 31^st March, 2017

S. No.	Name of the account	L.F.	Debit balance ₹	Credit balance ₹
1.	Opening stock		40,000
2.	Capital			90,000
3.	Sales			1,77,200
4.	Salaries		12,000
5.	Bills payable			9,450
6.	Telephone charges		2,350
7.	Creditors			16,000
8.	Purchases		85,000
9.	Debtors		25,000
10.	Carriage inwards		16,500
11.	Bills receivable		20,000
12.	Commission received			5,550
13.	Cash at bank		17,000
14.	Furniture		19,000
15.	Plant and Machinery		55,800
16.	Repairs		550
17.	Suspense account (Dr.)		5,000
	Total		2,98,200	2,98,200