Scribd Logo
Upload

Welcome to Scribd!

  • Trial Balance

    Uploaded by

    Venkata Raja Sekhar Ryaly
    118 views2 pages
    From the trial balance, financial statements can be prepared including: 1) A trading and profit and loss account to show revenues, expenses, and net profit for the year. 2) A balance sheet to show assets, liabilities, and capital as of March 31, 2001. Key accounts include equity share capital, debentures, plant and machinery, purchases and sales, stock, and general reserve.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    From the trial balance, financial statements can be prepared including: 1) A trading and profit and loss account to show revenues, expenses, and net profit for the year. 2) A balance sheet to show assets, liabilities, and capital as of March 31, 2001. Key accounts include equity share capital, debentures, plant and machinery, purchases and sales, stock, and general reserve.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    118 views2 pages

    Trial Balance

    Uploaded by

    Venkata Raja Sekhar Ryaly
    From the trial balance, financial statements can be prepared including: 1) A trading and profit and loss account to show revenues, expenses, and net profit for the year. 2) A balance sheet to show assets, liabilities, and capital as of March 31, 2001. Key accounts include equity share capital, debentures, plant and machinery, purchases and sales, stock, and general reserve.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    From the following trial balance prepare Final accounts or financial statements or

    1) Trading and profit and loss account


    2) Balance sheet
    Trial balance for the year ending 31st march 2001

    Particulars Dr amount Cr mount

    Equity share Capital 1,50,000

    Preferential Share capital 75,000

    Debentures 58,000

    Plant & machinery 50,000

    Land & buildings 65,000

    Goodwill 25,000

    Creditors 1,13,000

    Debtors 93,000

    Investments 26,000

    Loan from SBI bank 95,000

    Bank OD 12,500

    Marketable securities 20,000

    Stock (as on 1.04.2000) 39,570

    Purchases & sales 2,78,500 4,56,800

    Wages 12,000

    Motive Power 5,000

    Octroi 1,555

    Manufacturing expenses 56,000

    Foreman salaries 3,000

    Coal, gas, water 2,500

    Fuel& power 1,200

    General expenses 9,000

    Returns 6,800 8,500

    Discount 5,000 12,000

    Bad-debts 8,000

    Interest 5,800 5,200

    Rent from tenant 12,000

    Insurance 5,555

    Telephone bills 1,280

    Postage 3,500

    Stationery 4,600
    Patents 18,000

    Cash in hand 10,000

    Cash at bank 75,000

    Loan to x 23,000

    Carriage inwards 1,800

    Carriage outwards 5,600

    Depreciation 14,000

    Advertisement expenses 9,000

    Agents commission 5,000

    Repairs and maintenance 13,000

    Tools and equipments 45,000

    Furniture & fixtures 36,000

    Income from other sources 8,500

    Audit fees 7,000

    Legal charges 6,500

    Electricity charges 7,000

    Rent, rates, taxes 8,000

    General reserve 55,000

    P&L account 90,000

    Trademarks 20,000

    Copy rights 5000

    Additional information:

    1) Stock value as on 31st march 2001

    10,97,000
    10,66,760

    You might also like