Financial AccountingTU Board 2023
The following is the trial balance of Kanchan Store on 31st December, 2022; Heads of AccountsDebitsCreditsMachinery2,50,000Building1,80,000Salaries and wages2,32,450Bills…
10The following is the trial balance of Kanchan Store on 31st December, 2022; Heads of AccountsDebitsCreditsMachinery2,50,000Building1,80,000Salaries and wages2,32,450Bills receivable1,20,000Goodwill50,000Sundry debtors1,38,000Office expenses50,400Purchases5,20,500Carriage outward14,000Carriage inward42,500Wages29,600Rent52,000Opening stock1,30,000Discount42,000Sales return12,000Bad debt4550Interest on bank loan24,000Cash in hand and bank26,650Creditors1,28,000Provision for doubtful debt7,550Sales10,40,600Discount received15,80012% Bank loan3,00,000Capital5,00,000Commission7,500Bills payable1,10,000Total19,18,65019,18,650 Additional Information
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