Page 230 - ISCDEBK-XI

21.18 Double Entry Book Keeping—ISC XI
TRIAL BALANCE as on 31st March, 2022
Heads of Accounts L.F. Dr. (`) Cr. (`)
Capital ... 10,00,256
Plant and Machinery 2,50,000 ...
Furniture 26,500 ...
Car 4,85,000 ...
Building 6,20,000 ...
Cash 69,000 ...
Bank 1,52,000 ...
Depreciation 46,500 ...
Opening Stock 45,800 ...
Purchases 6,87,307 ...
Sales Return 2,693 ...
Wages 1,90,000 ...
Manufacturing Expenses 2,06,000 ...
Salary 1,20,000 ...
Rent 2,40,000 ...
Postage and Telephone 89,000 ...
Electricity 94,000 ...
General Expenses 12,500 ...
Sales ... 10,47,077
Purchases Return ... 4,923
Interest ... 4,500
Fixed Assets 2,50,000 ...
Outstanding Expenses ... 51,500
Advance Salary 12,000 ...
Sundry Debtors 83,500 ...
Sundry Creditors ... 2,22,560
Unsecured Loan ... 13,50,000
Discount Received ... 984
Total 36,81,800 36,81,800

Dr. SUSPENSE ACCOUNT Cr.
Particulars ` Particulars `
To Balance b/d 41,016 By Bank A/c 80,000
To Sundry Creditors A/c 22,500 By Advance Salary A/c 12,000
To Sundry Debtors A/c 22,500 By Outstanding Expenses A/c 12,000
To Sales A/c 27,000 By Sundry Debtors A/c 10,000
To Discount Received A/c 984
1,14,000 1,14,000

Illustration 13.
Following errors committed by the accountant of Sita Dye Chemicals:
(a) Cash ` 3,500 paid to Triman Chemicals posted as ` 5,300.
(b) Purchase of Stationery worth ` 1,500 remained unposted from the Cash Book.
(c) ` 2,600 paid for purchase of new office furniture charged to Office Expenses Account
(Ignore depreciation).
(d) Credit sales to Trivedi & Co., of ` 4,000 was posted to the credit of their account.
(e) Purchase of ` 4,200 from Mantri & Co. was passed through the Sales Day Book as ` 2,400.