Amount (in Rs.) Particulars Amount Particulars (in Rs.) Insurance 500 Bills Receivable 45,500 Capital Account 76,000 Cash in Hand 1,000 Purchase 70,000Bills Payable 15,800 Rent, Rates & Taxes 2,800 Discount 800 Goods Returned 5,000Bank 13,700

Amount (in Rs.) Particulars Amount Particulars (in Rs.) Insurance 500 Bills Receivable 45,500 Capital Account 76,000 Cash in Hand 1,000 Purchase 70,000Bills Payable 15,800 Rent, Rates & Taxes 2,800 Discount 800 Goods Returned 5,000Bank 13,700

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 9EB: Prepare journal entries to record the business transaction and related adjusting entry for the...

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Question

Prepare Trial Balance from the given information for the year ended 31st March, 2017 for M/s. Varshney &
Company:
Particulars
Аmount
Particulars
Атount
(in Rs.)
(in Rs.)
Insurance
500Bills Receivable
45,500
Capital Account
76,000 Cash in Hand
1,000
Purchase
70,000Bills Payable
15,800
Rent, Rates & Taxes
2,800 Discount
800
Goods Returned
5,000Bank
13,700
Sundry Expenses
500Investment
8,000
Plant and Machinery
12,000Furniture & Fittings
5,000

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