1. Prepare a Trial Balance as at 31 March 2006 for the following: Rs Purchases 31605 Revenue (Sales) 61805 Warehouse Wages Warehouse Expenses Sundry Expenses 8135 2108 4812 Interest paid Selling Expenses 2390 11255 Cash in hand 450 Cash at Bank 2950 Premises 23240 Motor vehicles 4850 Fixtures and Fittings 3080 Trade Receivable 1555 Trade Payable 3138 Capital 31487 2.Define what is a Trial Balance 3.How do we know that transactions have been correctly recorded?

1. Prepare a Trial Balance as at 31 March 2006 for the following: Rs Purchases 31605 Revenue (Sales) 61805 Warehouse Wages Warehouse Expenses Sundry Expenses 8135 2108 4812 Interest paid Selling Expenses 2390 11255 Cash in hand 450 Cash at Bank 2950 Premises 23240 Motor vehicles 4850 Fixtures and Fittings 3080 Trade Receivable 1555 Trade Payable 3138 Capital 31487 2.Define what is a Trial Balance 3.How do we know that transactions have been correctly recorded?

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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