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  • ABC & Company Trial Balance 02-03-2023

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    Akshayaa Prakash
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    The trial balance for ABC & Company for April 1st includes total debits of Rs. 2,07,500 and total credits of Rs. 2,07,500. Assets include fixed assets of office equipment worth Rs. 25,000, current assets of loans, debtors, bank accounts and deposits totaling Rs. 1,45,500, and stock of Rs. 50,000. Liabilities include current liabilities of duties, taxes and creditors of Rs. 20,500 and equity share capital of Rs. 1,10,000.

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    ABC & Company trial balance 02-03-2023

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    The trial balance for ABC & Company for April 1st includes total debits of Rs. 2,07,500 and total credits of Rs. 2,07,500. Assets include fixed assets of office equipment worth Rs. 25,000, current assets of loans, debtors, bank accounts and deposits totaling Rs. 1,45,500, and stock of Rs. 50,000. Liabilities include current liabilities of duties, taxes and creditors of Rs. 20,500 and equity share capital of Rs. 1,10,000.

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    © All Rights Reserved
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    14 views1 page

    ABC & Company Trial Balance 02-03-2023

    Uploaded by

    Akshayaa Prakash
    The trial balance for ABC & Company for April 1st includes total debits of Rs. 2,07,500 and total credits of Rs. 2,07,500. Assets include fixed assets of office equipment worth Rs. 25,000, current assets of loans, debtors, bank accounts and deposits totaling Rs. 1,45,500, and stock of Rs. 50,000. Liabilities include current liabilities of duties, taxes and creditors of Rs. 20,500 and equity share capital of Rs. 1,10,000.

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    of 1

    ABC & Company

    Trial Balance
    For 1-Apr-22
    Page 1
    Particulars Closing Balance
    Debit Credit
    Capital Account 1,10,000.00
    Equity Share Capital 1,10,000.00
    Current Liabilities 20,500.00
    Duties & Taxes 4,000.00
    Sales Tax 3,000.00
    Tax Deducted at Sources 1,000.00
    Sundry Creditors 16,500.00
    Ramjilal 16,000.00
    R N Iyer & Co. 500.00
    Fixed Assets 25,000.00 27,000.00
    Building Accumulated Depreciation 15,000.00
    Office Equipment Accumulated Depreciation 12,000.00
    Office Equipment Cost 25,000.00
    Current Assets 1,45,500.00 50,000.00
    Loans & Advances (Asset) 50,000.00
    Mutual Trust Loan 50,000.00
    Sundry Debtors 20,000.00
    K Singh & Co., 15,000.00
    Sharma & Sons 5,000.00
    Bank Accounts 35,000.00
    Axis Bank Account 35,000.00
    Fixed Deposit 40,000.00
    Petty Cash 500.00
    Stock 50,000.00
    Profit & Loss A/c 37,000.00
    Grand Total 2,07,500.00 2,07,500.00

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