Trial Balance Problem — Zenith Traders
Figures in ₹ '000
Question
M/s Zenith Traders extracted the following ledger balances as at 31 March 20X5. Note:
Opening Inventory and Drawings are excluded. Prepare a Trial Balance as at 31 March
20X5, showing Dr and Cr columns separately.
Ledger Balances ( '000) Ledger Balances (contd.) ( '000)
Bank — 120 Cash in Hand — 15
Accounts Receivable (Debtors) — 220 Accounts Payable (Creditors) — 140
Bills Receivable — 60 Bills Payable — 50
Sales — 750 Sales Returns (Returns Inwards) — 12
Purchases — 520 Purchase Returns (Returns Outwards) —
10
Wages — 40 Salaries — 65
Rent — 30 Carriage Inwards — 8
Carriage Outwards — 6 Insurance (Prepaid) — 5
Provision for Doubtful Debts — 7 Furniture & Fixtures — 85
Plant & Machinery — 300 Accumulated Depreciation—Plant — 40
Interest on Bank Loan — 7 Bank Loan — 100
Capital — 660 Office Expenses — 264
Solution — Trial Balance as at 31 March 20X5
(Figures in '000)
Ledger Account Dr ( '000) Cr ( '000)
Bank 120
Cash in Hand 15
Accounts Receivable 220
(Debtors)
Accounts Payable 140
(Creditors)
Bills Receivable 60
Bills Payable 50
Sales 750
Sales Returns (Returns 12
Inwards)
Purchases 520
Purchase Returns (Returns 10
Outwards)
Wages 40
Salaries 65
Rent 30
Carriage Inwards 8
Carriage Outwards 6
Insurance (Prepaid) 5
Provision for Doubtful 7
Debts
Furniture & Fixtures 85
Plant & Machinery 300
Accumulated 40
Depreciation—Plant
Interest on Bank Loan 7
Bank Loan 100
Capital 660
Office Expenses 264
Totals 1757 1757