Page 119 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 10: Trial Balance

I. Balance Method Notes

Trail balance as on…..
Dr. Cr.
Cash 8,400
Capital – 8,000
Furniture 1,000 –
Purchases Sales 10,000 –
Raja – 12,000
– 1,500
Somu 2,000 –
Rent 200 –
Commission received 100
21,600 21,600
II. Total Method
Trial balance as on…..
Dr. (`) Cr. (`)
Cash 18,100 9,700
Capital – 8,000
Furniture 1,000 –
Purchases 10,000 –
Sales – 12,000
Raja 2,500 4,000
Somu 5,000 3,000
Rent 200 –
Commission received – 100
36,800 36,800

Task From the following transactions, pass journal entries, prepare ledger accounts and
also prepare Trial Balance under:
`

1. Anil started business with 8,000
2. Purchased furniture 1,000
3. Purchased goods 6,000
4. Sold goods 7,000
5. Purchased from Raja 4,000

6. Sold to Somu 5,000
7. Paid to Raja 2,500
8. Received from Somu 3,000
9. Paid rent 200

10. Received commission 100

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