hi neena,
u said than the business is newly established if it so how can it has an cash in hand at the opening of business it must be introduced as capital.
in your case you forget to mention the capital account in the credit side of trial balance. please mentioned it
as appears from the accounts is that the capital is first introduced by depositing in the bank account of business Rs. 100000 then it was withdrawn for use for routine expenditure.
your corrected trial balance is enclosed please find it
i hope it helps you
Regards
Shantanu Goyal
Attached File : 49 book1.xls downloaded: 233 times
CAclubindia
