Prepare the Trail Balance as at 31st March 2020 by using the following information of Capital (Pvt) Ltd.ParticularsAmount (Rs) Bad debts17,700 Bank Overdraft543,200 Bank Interest54,900 Building Insurance15,000 Share Capital2,178,450 Carriage Inwards135,000 Commission18,900 Commission Received45,000 Accounts payable- Creditors199,600 Discount received73,000 Drawings543,000 Electricity67,000 Fixed deposits250,000 Land and Building1,600,000 Motor vehicle1,900,000 Motor vehicle Insurance73,500 Motor vehicle Maintenance159,600 Provision for depreciation for motor Vehicles 01/4/2019380,000 Provision for Doubtful debts 01/04/201910,800 Purchases2,988,000 Other Expenses21,350 Rates and taxes9,600 Rent received24,000 Salaries and wages288,000 Sales5,659,000 Sales returns36,000 Stock as at 31/03/2020677,500 Sundry expenses18,000 Account receivables240,000

All ledgers accounts are listed in the accounting trial balance. Trial Balance is not a component of…

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 103.1C: Leverage Cook Corporation issued financial statements at December 31, 2019, that include the...

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Prepare the Trail Balance as at 31^st March 2020 by using the following information of Capital (Pvt) Ltd.

Particulars	Amount
(Rs)

Bad debts	17,700
Bank Overdraft	543,200
Bank Interest	54,900
Building Insurance	15,000
Share Capital	2,178,450
Carriage Inwards	135,000
Commission	18,900
Commission Received	45,000
Accounts payable- Creditors	199,600
Discount received	73,000
Drawings	543,000
Electricity	67,000
Fixed deposits	250,000
Land and Building	1,600,000
Motor vehicle	1,900,000
Motor vehicle Insurance	73,500
Motor vehicle Maintenance	159,600
Provision for depreciation for motor Vehicles 01/4/2019	380,000
Provision for Doubtful debts 01/04/2019	10,800
Purchases	2,988,000
Other Expenses	21,350
Rates and taxes	9,600
Rent received	24,000
Salaries and wages	288,000
Sales	5,659,000
Sales returns	36,000
Stock as at 31/03/2020	677,500
Sundry expenses	18,000
Account receivables	240,000

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