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Homework answers / question archive / Q) No 2 Prepare Trial Balance as on 31

Q) No 2 Prepare Trial Balance as on 31

Accounting

Q) No 2 Prepare Trial Balance as on 31.03.2012 from the following balances of Ms. Maliha Afzal Inc: Drawings Rs. 74,800 Bill receivable Rs. 52,500 Discount allowed Rs. 950 Freight Rs. 3,500 Insurance Rs. 2,700 Bank loan Rs. 120,000 Capital Rs. 250,000 Furniture Rs. 33,000 Sales Rs. 335,350 Sundry creditors 75,000 Discount received Rs. 1,000 Stock (31.03.2012) Rs. 17,000 Bills payable Rs. 31,700 Purchases Rs. 295,700 Stock (1.04.2011) Rs. 30,000 Rent Rs. 72,500 Printing charges Rs. 1,500 Sundry expenses Rs. 21,000 Income tax Rs. 9,500 Machinery Rs. 215,400

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TRIAL BALANCE OF MS. MALIHA AFZAL INC.

FOR THE YEAR ENDED ON 31.03.2012

                                        

PARTICULAR

FOLIO

DEBIT

(RS)

CREIDIT

(RS)

DRAWINGS

 

74,800

 

CAPITAL

 

 

250,000

PURCHASES

 

295,700

 

BILLS RECEIVABLES

 

52,500

 

FURNITURE

 

33,000

 

STOCK (1.04.2011)

 

30,000

 

DISCOUNT ALLOWED

 

950

 

SALES

 

 

335,350

RENT

 

72,500

 

FRIEGHT

 

3,500

 

SUNDRY CREDITORS

 

 

75,000

PRINTING CHARGES

 

1,500

 

INSURANCE

 

2,700

 

DISCOUNT RECEIVED

 

 

1,000

SUNDRY EXPENSES

 

21,000

 

BANK LOAN

 

 

120,000

INCOME TAX

 

9,500

 

MACHINERY

 

215,400

 

BILLS PAYABLE

 

 

31,700

TOTAL

 

813,050

813,050