The following Trial Balance is drawn by a person who is not well versed in accounting process. You…


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The following Trial Balance is drawn by a person who is not well versed in accounting process. You… 1 answer below » The following Trial Balance is drawn by a person who is not well versed in accounting process. You are required to re-draft the Trial Balance correctly. Trial Balance for the year ended Mar 31, 2010 View complete question » Debit Rs Credit Rs Capital 53,700 – Stock 1.4.2009 22,350 – Insurance – 6,300 Purchases 1,38,600 – Sales – 2,36,550 Salary Expenses 37,230 – Lighting and Heating 1,860 – Plant and Machinery 21,600 – Delivery Expenses – 1,380 Rates Paid 2,340 The following Trial Balance is drawn by a person who is not well versed in accounting process. You are required to re-draft the Trial Balance correctly. Trial Balance for the year ended Mar 31, 2010 Debit Rs Credit Rs Capital 53,700 – Stock 1.4.2009 22,350 – Insurance – 6,300 Purchases 1,38,600 – Sales – 2,36,550 Salary Expenses 37,230 – Lighting and Heating 1,860 – Plant and Machinery 21,600 – Delivery Expenses – 1,380 Rates Paid 2,340 – Depreciation Accumulated 2,100 – Rent Paid – – Rent Received – 3,630 Delivery Vehicle 8,850 – Cash 660 – Trade Creditors 29,550 – Trade Debtors – 83,520 Carriage Outwards – 3,000 Outstanding Rent 3,000 – Bank Overdraft 5,850 – – 3,34,380 3,34,380 View less » Jun 11 2014 04:13 PM

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