Edaccountancy

Trail Balance as on 21st March, 2019 Debit Balance   Amount ₹   Credit Amount    Amount ₹   Stock as on (1/4/2018)  25,000  Sundry Creditors  38,000  Building  48,500   Sales  1,75,000  Carriage  1,780  Capital:               Mitesh  1,50,000         Mangesh  50,000  Factory Insurance  2,700  Outstanding salaries  2,000  Postage  1,600  Bills Payable  18,000  Bills Receivable  13,700  Return outward  1,800  Sundry Debtors  52,200  Current A/c:             Mitesh          Mangesh    3,000  2,000  Return Inward  1,600      Purchases  68,900      Audit fees  1,800        Loose tools  32,000      Manufacturing Expenses  1,820      Electricity Charges  2,600      General Expenses  3,400      Export duty  1,000      Cash in Hand  75,000      Bank Balance  29,000      Conveyance  4,100      Furniture   64,000      Salaries  2,000      Rent, Rates & Taxes  3,700      Drawings:                         Mitesh   1,200                   Mangesh  2,200  4,39,800     4,39,800     Soluti

Trail Balance as on 31st march, 2019. Debit Balance   Amount ₹   Credit Balance    Amount ₹   Plant & Machinery  2,80,000  Capital A/c:         Amitbhai   3,50,000       Narendrabhai  3,00,000  Factory Building  75,000  Sales  1,80,000  Sundry Debtors  28,700  Bills Payable  8,500  Purchases  85,500  Discount  1,200  Bad Debts  500  Creditors  38,500  Sales return  2,200  R.D.D.  2,700  10% Govt. Bond  40,000  Bank Loan  15,000  (Purchased on 1 st Oct 2018)  Import Duty  1,800  Purchases Return  2,000  Legal Charges  2,000      Motive Power  12,000      Warehouse rent  1,800      Cash in Hand   20,000      Cash at Bank  70,000      Advertisement  10,000      (For 2-year, w.e.f 1 st Jan 2019)  Salaries  3,800      Rent  1,500      Drawings:               Amitbhai  2,400         Narendrabhai  3,200  Furniture  1,95,800      Bills receivable  20,700      Free hold Property  41,000        8,97,900     8,97,900  Adjustments :  1. Stock on hand on 31st March 2019 was valued at ₹43,000.