Machinary worth Rs 2000 and sold to Rs 1200.
Bought new one Rs 4000 and carige inwards Rs 5
How many amount trafer to Capital a/c?
Answer / sonu tyagi
4205/- transfer to capital account & Rs. 800/- loss from first machine loss transfer to P/L Account
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.