Question

Correct the following trial balance:

Particulars	Debit Balance ₹	Credit Balance ₹
Opening Stock	1,00,000
Salaries	36,000
Creditors	1,32,000
Bank	35,000
Carriage inwards	18,000
Rent received	9,000
Discount allowed	6,000
Purchases	3,48,000
Bills payable	60,000
Debtors		45,000
Carriage outwards		15,000
Capital		1,63,000
Returns inward		9,000
Discount received		12,000
Trade expenses		18,000
Sales		3,68,000
Building		1,14,000
Total	7,44,000	7,44,000

Answer 1

The Corrected Trial balance

S. No.	Particulars	L.F.	Debit balance ₹	Credit balance ₹
1.	Opening Stock		1,00,000
2.	Salaries		36,000
3.	Creditors			1,32,000
4.	Bank		35,000
5.	Carriage inwards		18,000
6.	Rent received			9,000
7.	Discount allowed		6,000
8.	Purchases		3,48,000
9.	Bills payable			60,000
10.	Debtors		45,000
11.	Carriage outwards		15,000
12.	Capital			1,63,000
13.	Returns inward		9,000
14.	Discount received			12,000
15.	Trade expenses		18,000
16.	Sales			3,68,000
17.	Building		1,14,000
	Total		7,44,000	7,44,000