Frame 3
Theoretically, you have understood how Trial Balance is prepared.
The Faculty has also explained to you with examples how Trial Balance is prepared by
taking into account all the Ledger Account Balances.
Now with reference to the following prepare a Trial Balance in your group
R. Row’s Capital Account -- 1,50,000
Land and Buildings Account -- 55,000
Plant and Machinery account -- 85,000
Furniture and Fixture account -- 2,500
Motor Vans Account -- 15,750
Bills Receivable Account -- 4,000
Bills Payable Account -- 5,000
Factory Wages -- 12,200
Salaries to Staff -- 4,500
Rent and Taxes -- 1,700
Lighting and Power -- 900
Coal and Fuel -- 600
Trade Expenses -- 575
Commission -- 2,700
Duty and Clearing charges -- 1,260
Stock, on 1st April 1970 -- 50,450
Purchases -- 96,000
Sales -- 1,65,000
Returns Inwards -- 2,100
Bank Charges -- 125
Travelling Expenses -- 3,750
Advertising -- 2,115
Repairs to Plant -- 1,070
Loan from Multi Bros. -- 25,000
Interest on Loan -- 960
Cash at Bank -- 6,400
Cash on Hand -- 300
Petty Cash Balance -- 75
R. Row’s Drawings -- 6,000
Sundry Debtors -- 85,420
Sundry Creditors -- 88,650