8. The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in a correct form and give necessary notes :
TRIAL BALANCE
For the year ending 31st March, 2023
| Particulars | Rs. | Particulars | Rs. |
|---|---|---|---|
| Cash in Hand | 5,200 | Bank Overdraft | 16,400 |
| Plant & Machinery | 75,000 | Capital | 50,000 |
| Typewriter | 6,400 | Goodwill | 8,000 |
| Stock (1-4-2022) | 13,100 | Sundry Creditors | 8,200 |
| Purchases | 84,100 | Sales | 1,60,000 |
| Carriage Inwards | 2,800 | Return Inwards | 2,400 |
| Carriage Outwards | 1,600 | Drawings | 2,120 |
| Sundry Debtors | 18,300 | Investments | 4,000 |
| Bills Payable | 12,000 | ||
| Rent Paid | 9,600 | ||
| Wages | 16,500 | ||
| Advertisement | 4,500 | ||
| Discount Received | 3,200 | ||
| 2,52,300 | 2,52,300 |
D.K.Goel/2024 Edition/Practical Questions/Q-08
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
Answer :