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Accounting Students' Trial Balance

The document provides an example of a trial balance with incorrect account classifications. It then lists account balances and asks to prepare the correct trial balance. The correct trial balance should properly classify debit and credit balances under the respective columns based on accounting principles.

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ruthu ruthvik
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53 views4 pages

Accounting Students' Trial Balance

The document provides an example of a trial balance with incorrect account classifications. It then lists account balances and asks to prepare the correct trial balance. The correct trial balance should properly classify debit and credit balances under the respective columns based on accounting principles.

Uploaded by

ruthu ruthvik
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Trial Balance

Specimen of Trial Balance


Particulars Debit (Rs) Credit(Rs)
Capital xxxxx
Purchases xxx
Opening Stock xxx
Purchase Returns xxxx
Sales XXXX
Sales Returns xxx
Carriage or Carriage Inwards xxx
Carriage outwards xxxx

Wages xxx
All Expenses and Losses xxxx
All Incomes and Gains xxxx
All Assets xxxx
All Liabilities xxxxx
Drawings xxxx
Bad Debts xxxxx
Reserves and Provisions xxxx
Suspense A/C xxxxx xxxxx
Total XXXXXXXX XXXXXXX
The following Trial Balance has been prepared wrongly. You are asked to prepare the correct Trial Balance

Particulars Debit (Rs) Credit(Rs)


Cash in Hand 2,000
Purchase returns 4,000
wages 8,000
Establishment Expenses 12,000
Sales returns 8,000
Capital 22,000
Carriage outward 2,000
Discount Received 1,200
Commission Received 800
Machinery 20,000
Stock 10,000
Debtors 8,000
Creditors 12,000
Sales 44,000
Purchases 28,000
Bank Overdraft 14,000
Manufacturing Expenses 14,000
Loan from Ashok 14,000
Carriage Inward 1,000
Interest on Investments 1,000
Based on the below balances prepare Trial Balance as on 30-04-2001

Particulars Debit (Rs) Credit(Rs)


Capital xxxxx
Purchases xxx
Opening Stock xxx
Purchase Returns xxxx
Sales XXXX
Sales Returns xxx
Carriage or Carriage Inwards(also called sales returns) xxx
Carriage outwards(also called Purchase returns) xxxx

Wages xxx
All Expenses and Losses xxxx
All Incomes and Gains xxxx
All Assets xxxx
All Liabilities xxxxx
Drawings xxxx
Bad Debts xxxxx
Reserves and Provisions xxxx
Suspense A/C xxxxx xxxxx
Total XXXXXXXX XXXXXXX

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