Question

The following balances are extracted from the books of Ravichandran on 31^st December, 2016. Prepare the trial balance.

Name of the account	₹	Name of the account	₹
Capital	1,50,000	Sales	75,000
Debtors	22,800	Return inwards	1,000
Rent received	500	Discount allowed	800
Bank overdraft	3,100	Discount received	1,000
Creditors	5,500	Wages	2,900
Premises	1,46,000	Salaries	3,500
Opening stock	10,000	Commission paid	1,100
Purchases	45,000	General expenses	2,000

Answer 1

In the books of Ravichandran Trial Balance as on 31^st December, 2016

S. No.	Name of the account	L.F.	Debit balance ₹	Credit balance ₹
1.	Capital			1,50,000
2.	Debtors		22,800
3.	Rent received			500
4.	Bank overdraft			3,100
5.	Creditors			5,500
6.	Premises		1,46,000
7.	Opening stock		10,000
8.	Purchases		45,000
9.	Sales			75,000
10.	Return inwards		1,000
11.	Discount allowed		800
12.	Discount received			1,000
13.	Wages		2,900
14.	Salaries		3,500
15.	Commission paid		1,100
16.	General expenses		2,000
	Total		2,35,100	2,35,100