trial balance (example - ) to show how the accounts of assets and liabilities of Ankit would be presented in the balance sheet. Trial Balance of Ankit as on March , L.F. Debit Credit Cash Bank Creditors , % Long-term loan (raised on April , ) Furniture Commission received Rent of building , Debtors , , , , , , Fig. .
: Showing the accounts of assets and liabilities in the trial balance of Ankit Balance Sheet of Ankit as at March , Liabilities Assets Furniture Add Profit , Cash % Long-term loan Bank Creditors Debtors , , , Fig. . : Showing the balance sheet of Ankit