Page 57 - debkxi

Ledger 9.9

TRIAL BALANCE
as at 31st January, 2024
S. No. Heads of Accounts L.F. Dr. (`) Cr. (`)

1. Capital A/c ... 19,000
2. Cash A/c 1,520 ...
3. Bank A/c 17,425 ...
4. Machinery A/c 10,000 ...
5. Furniture A/c 900 ...
6. Stock A/c 4,000 ...
7. Purchases A/c 2,750 ...
8. Sales A/c ... 2,000
9. Bank Loan A/c ... 5,000
10. Jacob Bros. Ltd. ... 1,000
11. Samuel & Co. ... 1,000
12. Discount Allowed A/c 50
13. Discount Received A/c ... 25
14. Repairs A/c 100 ...
15. Cartage A/c 50 ...
16. Municipal Taxes A/c 100 ...
17. Sundry Receipts A/c ... 20
18. Advertisement A/c 100 ...
19. Rent A/c 150 ...
20. Salaries A/c 300 ...
21. Drawings A/c 250 ...
22. Bad Debts A/c 500 ...
23. Bad Debts Recovered A/c ... 150
24. Loan from Urania Ltd. A/c ... 10,000
Total 38,195 38,195

2. From the following particulars, prepare the account of Budhiraja, the proprietor
of the business:
`
(i) Capital introduced 30,000
(ii) Drawings made by him 6,500

(iii) Further Capital introduced 22,000
(iv) Profits for the period 7,500
Balance the same and explain what does the closing balance indicate.