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    Trial Balance@ Akshita Bhatt

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    Akshita Bhatt
    This document is a trial balance for Good Brands LTD as of April 1st, 2022. It shows the company has capital of Rs. 20.5 million with Rs. 17 million in capital and Rs. 3.5 million in reserves and surplus. Current assets total Rs. 11.17 million including stock, debtors, cash, and bank accounts. Fixed assets are Rs. 20.8 million including furniture and land/buildings. Sales were Rs. 1.32 million and purchases were Rs. 50,500. Expenses included wages, depreciation, investment loss, and salaries totaling Rs. 1.5 million. The total debit and credit balances are Rs. 33.99 million.

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    Trial Balance@ Akshita Bhatt

    Uploaded by

    Akshita Bhatt
    20 views1 page
    This document is a trial balance for Good Brands LTD as of April 1st, 2022. It shows the company has capital of Rs. 20.5 million with Rs. 17 million in capital and Rs. 3.5 million in reserves and surplus. Current assets total Rs. 11.17 million including stock, debtors, cash, and bank accounts. Fixed assets are Rs. 20.8 million including furniture and land/buildings. Sales were Rs. 1.32 million and purchases were Rs. 50,500. Expenses included wages, depreciation, investment loss, and salaries totaling Rs. 1.5 million. The total debit and credit balances are Rs. 33.99 million.

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    tally trading acc

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    This document is a trial balance for Good Brands LTD as of April 1st, 2022. It shows the company has capital of Rs. 20.5 million with Rs. 17 million in capital and Rs. 3.5 million in reserves and surplus. Current assets total Rs. 11.17 million including stock, debtors, cash, and bank accounts. Fixed assets are Rs. 20.8 million including furniture and land/buildings. Sales were Rs. 1.32 million and purchases were Rs. 50,500. Expenses included wages, depreciation, investment loss, and salaries totaling Rs. 1.5 million. The total debit and credit balances are Rs. 33.99 million.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views1 page

    Trial Balance@ Akshita Bhatt

    Uploaded by

    Akshita Bhatt
    This document is a trial balance for Good Brands LTD as of April 1st, 2022. It shows the company has capital of Rs. 20.5 million with Rs. 17 million in capital and Rs. 3.5 million in reserves and surplus. Current assets total Rs. 11.17 million including stock, debtors, cash, and bank accounts. Fixed assets are Rs. 20.8 million including furniture and land/buildings. Sales were Rs. 1.32 million and purchases were Rs. 50,500. Expenses included wages, depreciation, investment loss, and salaries totaling Rs. 1.5 million. The total debit and credit balances are Rs. 33.99 million.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Good Brands LTD@Akshita Bhatt

    Sheetal Kund
    Prayagraj

    Trial Balance
    For 1-Apr-2022

    Page 1
    Closing Balance
    Debit Credit

    Capital Account 20,50,000.00


    Reserves & Surplus 3,50,000.00
    Capital 17,00,000.00
    Loans (Liability) 5,50,000.00
    Bank Loan 2,50,000.00
    Debentures 3,00,000.00
    Current Liabilities 3,08,500.00
    Duties & Taxes
    Provisions 1,50,000.00
    Sundry Creditors 1,23,500.00
    Salaries Outstanding 35,000.00
    Fixed Assets 20,80,000.00
    Furniture and Fixture 6,40,000.00
    Land and Building 14,40,000.00
    Current Assets 11,17,430.00
    Opening Stock 2,75,000.00
    Sundry Debtors 2,79,260.00
    Cash-in-Hand 2,70,340.00
    Bank Accounts 2,90,330.00
    Stationary 2,500.00
    Sales Accounts 1,32,000.00
    Sales 1,32,000.00
    Purchase Accounts 50,500.00 13,930.00
    Discount Recieved 13,930.00
    Purchases 50,500.00
    Direct Expenses 1,500.00
    Wages 1,500.00
    Indirect Expenses 1,50,000.00
    Depreciation 1,20,000.00
    Loss on Sale of Investment 5,000.00
    Salaries 25,000.00
    Profit & Loss A/c 3,45,000.00
    Grand Total 33,99,430.00 33,99,430.00

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