Mr. Rawat’s ledger shows the following accounts for his business. Help him

Mr. Rawat’s ledger shows the following accounts for his business. Help him in preparing the trial balance using : (i) Totals method, (ii) Balances method, (iii) Totals-cum-Balances method. Rawat’s Capital Account Dec. Balance c/d , Jan. Balance b/d , Cash , , Jan. Balance b/d , Rohan’s Account Cash , Jan. Balance b/d Dec. Balance c/d Purchases , , , Jan. Balance b/d Machinery Account Dec. Balance b/d Depreciation , Dec. Balance c/d , Jan. Balance b/d , Rahul’s Account Jan. Balance b/d , Cash , Sales , Dec. Balance c/d , , Jan. Balance b/d Sales Account Rahul , Cash , Cash Account Jan. Balanc e b/d , Rohan , Capital Wages Rahul , Purchases , Sales Dec. Balance c/d , , , , , Jan. Balance b/d , Wages Account Cash Depreciation Account Machinery , , Purchases Account Rohan , Cash , , The trial balance under the three methods is illustrated below: (i) Trial Balance as at March , (Using Totals Method) Account L.F. Debit Credit Title Total Total Rawat , Rohan , , Machinery , Rahul , , Sales , Cash , , , Wages Depreciation , Purchases , , , , , (ii) Trial Balance as at March , (Using Balances Method) Account Title L.F. Debit Credit Balance Balance Rawat’s Capital , Rohan’s Capital Machinery , Rahul Sales , Cash , Wages Depreciation , Purchases , Total , , , , (iii) Trial Balance as at March , (Using Totals-cum-Balances Method) Account Title L.F. Debit Credit Debit Credit Total Total Balance Balance Rawat’s Capital , , Rohan , , Machinery , , Rahul , , Sales , , Cash , , , , Wages Depreciation , , Purchases , , Total , , , , , , , , Test Your Understanding - I Indicate against each amount wheather it is a debit or a credit balance, and prepare a trial balance as at March , based on the following balances: Accounts Title Capital , , Drawings , Machinery Sales , , Purchases , , Sales return Purchases return , Wages , Goodwill , Interest received , Discount allowed , Bank overdraft , Bank loan , Debtors : Nathu , Roopa Creditors : Reena , Ganesh , Cash , Stock on April , ,