Trial Balance as on 31/03/2008
| Particulars | Dr. Rs. | Cr. Rs. |
| Sundry Debtors | 88,000 | |
| Capital | 3,16,300 | |
| Salaries | 9,000 | |
| Commission | 800 | |
| Furniture | 90,000 | |
| Creditors | 81,000 | |
| Dividend | 4,000 | |
| Machinery | 1,56,000 | |
| Bad debts | 2,250 | |
| Advertisement | 1,000 | |
| Investments | 38,000 | |
| Bills Payable | 18,000 | |
| Opening Stock (01/04/07) | 32,000 | |
| Insurance | 11,000 | |
| Drawings | 17,000 | |
| Cash in hand | 35,000 | |
| Cash at Bank | 51,000 | |
| Interest | 900 | |
| Purchase | 1,34,500 | |
| Sales Returns | 1,800 | |
| Wages | 6,500 | |
| Bill Receivable | 32,000 | |
| Purchase Return | 2,300 | |
| Sales | 2,10,000 | |
| Carriage Inward | 2,100 | |
| Octroi | 1,500 | |
| Bank Overdraft | 76,950 | |
| 7,09,450 | 7,09,450 |
Adjustments –
1. Closing Stock Rs.33,000/-.
2. Wages Outstanding Rs.2,000/-.
3. Insurance prepaid Rs.2,500/-.
4. Depreciate Machinery at the rate of 10% and Furniture 15%.
Based on IMT CDL MBA Accounting Assignment Solution and others
Solution:
