Name of account L.F. Debit balance ` Credit balance ` Cash in hand Discount received Creditors Buildings Opening stock Direct expenses Carriage outwards Capital Purchases Sales Total , , , , , , , , , , , , , Illustration From the following balances extracted from the books of Pearl, a trader, prepare trial balance as on 31st March, . Capital Bills receivable Wages Drawings Purchases , , , , Interest on investment Customs duty Computer Sales Opening stock , , , , , Solution In the books of Pearl Trial balance as on 31st March, S. No.
Name of account L.F. Debit balance ` Credit balance ` Capital Bills receivable Wages Drawings Purchases Interest on investment Customs duty Computer Sales Opening stock Total , , , , , , , , , , , , , Accountancy - Illustration The following balances are extracted from the books of Prabhu, as on 31st March, . Prepare trial balance and transfer the difference if any to suspense accoount. Discount allowed Cash in hand Capital Salaries Furniture , , , , Loan borrowed Lighting Commission paid Purchases Sales , , , , , Solution In the books of Prabhu Trial balance as on 31st March, S.
No. Name of account L.F. Debit balance ` Credit balance ` Discount allowed Cash in hand Capital Salaries Furniture Loan borrowed Lighting Commission paid Purchases Sales Suspense account * Total , , , , , , , , , , , , * Note: Since the credit balance is more than the debit balance, the difference is transferred to suspense account. Illustration The following trial balance has certain errors.
Redraft it. Trial balance as on 31st March, Name of account Debit balance ` Credit balance ` Building Machinery Returns outward Bad debts Cash Discount received Bank overdraft Creditors Purchases Capital Fixtures