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The following Trial Balance was extracted from the books of
Chetan.Do you think that it is correct? If not,rewrite it in
the correct form.
Debits Rs Credits Rs
------------------------------------------------------------
Stock |8250 | Capital |10000
Purchases |12750 | Sales |15900
Returns outward |700 |Returns inwards |1590
Discount received|800 |Discount allowed |800
Wages & salaries |2500 |Scooty |1750
Rent and rates |1850 |Carriage charges |700
Sundry debtors |7600 |Sundry Creditors |7250
Bank Overdraft |2450 |Bills payable |690

Question Posted / guest


The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct?..

Answer / geetha

Debits Rs. Credits Rs.
Stock 8250 Capital 10000
Purchases 12750 Sales 15900
Returns Inwards 1590 Returns outwards 700
Disocunt allowed 800 Disocunt received 800
wages and Salaries2500 Sundry Credtiros 7250
Rent and rates 1850 Bills Payable 690
Sundry Debtors 7600 Bank Overdraft 2450
Carraige Charge 700
Scooty 1750
Total 37790 Total 37790

Is This Answer Correct ?    10 Yes 3 No

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