From the following Balances, prepare Trial Balance of Ravi Teja as on 31-03-2016: Particulars Amount Particulars Amount 42,000 Purchases 18,000 Capital Bills Payable 3,000 Sales 12

Finance Aug 13, 2020

From the following Balances, prepare Trial Balance of Ravi Teja as on 31-03-2016: Particulars Amount Particulars Amount 42,000 Purchases 18,000 Capital Bills Payable 3,000 Sales 12.000 Bills Receivable 9,000 Debtors 30,000

Expert Solution

Trial balance is presented as shown below:

Particulars	Amount (Debit)	Amount (Credit)
Capital		42,000
Bills Payable		3,000
Bills Receivable	9,000
Purchases	18,000
Sales		12,000
Debtors	30,000
Total	57,000	57,000

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