Can nebody help me with this simple question of preparing trial balance for following problem? As I am from non-commerce background, I m unable to understand this??Its sort of urgent.
Following balances extracted from Mr. X's books of account as on 31st March 2007. Prepare the trial balance.
| Particular | Amount (Rs.) |
| Opening stock | 15,000 |
| Bills Payable | 6,000 |
| Outstanding Wages | 1,700 |
| Purchases | 45,700 |
| Wages | 9,900 |
| Investments | 3,500 |
| Sales | 79,800 |
| Mr. John's Capital | 65,000 |
| Carriage Inward | 2,600 |
| Carriage Outward | 2,000 |
| Bad debts | 250 |
| Bills Receivables | 4,000 |
| Printing & Stationery | 3,400 |
| Insurances | 750 |
| Salaries | 10,000 |
| Creditors | 12,000 |
| Bank Overdraft | 3,000 |
| Postage and telephone | 700 |
| Machinery | 26,800 |
| Furniture | 6,400 |
| Debtors | 25,000 |
| Cash at bank | 10,500 |
| Advertisement | 2,000 |
| Reserve for bad debt | 1,000 |
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