Answer to Question #37559 in Management for duke chadha

Question #37559
From the given trial balance, draft an Adjusted Trial Balance.
Trial Balance as on 31.03.2013
Debit balances
Rs.
Credit balances
Rs.
Furniture and Fittings
15000
Bank Over Draft
16000
Buildings
500000
Capital Account
400000
Sales Returns
1000
Purchase Returns
4000
Bad Debts
2000
Sundry Creditors
35000
Sundry Debtors
25000
Commission
5000
Purchases
90000
Sales
235000
Advertising
20000
Cash
10000
Taxes and Insurance
5000
General Expenses
7000
Salaries
20000
TOTAL
695000
TOTAL
695000
Adjustments:
1. Charge depreciation at 10% on Buildings and Furniture and fittings.
2. Write off further bad debts 1000
3. Taxes and Insurance prepaid 2000
4. Outstanding salaries 5000
5. Commission received in advance1000
1
Expert's answer
2013-12-06T08:47:13-0500
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