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Accounting

Q. No. 1: There are several Mistakes in the Umer & Brothers (Pvt.) Ltd. Trial Balance. You are requested to identify Errors and make corrected Trial Balance? S. No Ref Debit Credit 1,551 2 560 2.850 3 4 2.850 5 530 6 1.260 7 364 Heads of Accounts Umer Owner Equity Umer Drawings Equipments Sales Due from Customers Purchases Purchase Return Bank Loan Creditors Taxes Cash in Hand Note Payable Inventory Repair Return Inward 8 996 9 528 720 10 11 226 12 680 13 264 14 461 15 98 Total Rs. 7,649 Rs. 6,289

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