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From the following ledger balances of Arun, prepare a trial balance as on 31-12-2020.

\begin{tabular}{|c|c|c|c|}
\hline
Particulars & Rs. & Particulars & Rs. \\
\hline
Rent & 525 & Business premises & 4,700 \\
\hline
Creditors & 1,200 & Bank & 1,110 \\
\hline
Capital & 13,400 & Commission received & 420 \\
\hline
Sales & 17,600 & Purchases & 10,000 \\
\hline
Discount (Cr.) & 175 & Furniture \& fittings & 600 \\
\hline
Drawings & 1,000 & Salaries & 1,650 \\
\hline
Bills payable & 1,350 & Bad debts & 240 \\
\hline
Debtors & 8,400 & Bills receivable & 1,920 \\
\hline
Equipment & 4,000 & & \\
\hline
\end{tabular}

Sagot :

GinnyAnsweridn
Sure, I'd be happy to help you prepare a trial balance from the given ledger balances as on 31-12-2020. Here is a step-by-step solution:

### Step 1: List All Ledger Balances and Determine If They Are Debit or Credit.

- Debit Balances:
- Rent: 525
- Business premises: 4700
- Bank: 1110
- Purchases: 10000
- Furniture & fittings: 600
- Drawings: 1000
- Salaries: 1650
- Bad debts: 240
- Debtors: 8400
- Bills receivable: 1920
- Equipment: 4000

- Credit Balances:
- Creditors: 1200
- Capital: 13400
- Commission received: 420
- Sales: 17600
- Discount (Cr.): 175
- Bills payable: 1350

### Step 2: Prepare the Trial Balance

We will now prepare the trial balance by listing all the debit and credit balances and then calculating the totals for each column.

[tex]\[ \begin{tabular}{|c|c|c|} \hline Particulars & Debit (Rs.) & Credit (Rs.) \\ \hline Rent & 525 & \\ Business premises & 4700 & \\ Creditors & & 1200 \\ Bank & 1110 & \\ Capital & & 13400 \\ Commission received & & 420 \\ Sales & & 17600 \\ Purchases & 10000 & \\ Discount (Cr.) & & 175 \\ Furniture & fittings & 600 & \\ Drawings & 1000 & \\ Salaries & 1650 & \\ Bills payable & & 1350 \\ Bad debts & 240 & \\ Debtors & 8400 & \\ Bills receivable & 1920 & \\ Equipment & 4000 & \\ \hline Total & 34145 & 34145 \\ \hline \end{tabular} \][/tex]

### Step 3: Verify the Totals

As you can see, the total of the debit column is Rs. 34145 and the total of the credit column is also Rs. 34145, confirming that the trial balance is correctly prepared and balanced.

### Conclusion:

In conclusion, we have successfully prepared the trial balance for Arun as on 31-12-2020. The trial balance helps us verify the arithmetical accuracy of our ledger accounts, ensuring that the total debits equal the total credits.
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