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Q
Q. No. 1: There are several Mistakes in the Umer & Brothers (Pvt.) Ltd. Trial Balance. You are requested to identity Errors and make corrected Trial Balance? (10) Na CW Heads of vow U ON Equity ??? ??? Equipe Sales Daeron Cunemen 3 2.850 530 6 7 1.200 364 Purchase S 996 9 10 226 Creators Taxes Cashi Hand Note Payable Ireny Repair Renim luwad 264 13 14 15 Total Rs. 7,649 Rs.6.289
Expert Solution
| HEADS OF ACCOUNTS | Ref. | Debit | Credit | |
| 1 | Umer owner Equity | 1551 | ||
| 2 | Umer drawings | 560 | ||
| 3 | Equipments | 2850 | ||
| 4 | Sales | 2850 | ||
| 5 | D…. From customers | 530 | ||
| 6 | Purchases | 1260 | ||
| 7 | Purchases returns | 364 | ||
| 8 | Bank loan | 996 | ||
| 9 | Creditors | 528 | ||
| 10 | Taxes | 720 | ||
| 11 | Cash in hand | 226 | ||
| 12 | Notes payable | 680 | ||
| 13 | Inventory | 264 | ||
| 14 | Repair | 461 | ||
| 15 | Return Inward | 98 | ||
| 6969 | 6969 |
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