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what is format of Trial balance
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Answer / bhavani
the format of the Trail balance is like
date,Particulars,debit and credit columns..
| Is This Answer Correct ? | 66 Yes | 15 No |
Answer / vpnarasimhan@gmail.com
A Trial Balance is the list of all ledger balances. To
summarize we hv to start with Manufacturing/Trading a/c
followed by Profit & Loss account ends with Balance Sheet.
In Profit & Loss a/c after arriving the Gross Profit we hv
to summarize the Expenses & Income to arrive the Net Profit
which has to be accounted under capital account in Balance Sheet
| Is This Answer Correct ? | 26 Yes | 3 No |
Answer / sethuraman
Date,Particular,Ledger Folio Numeber,Debit,Credit
| Is This Answer Correct ? | 39 Yes | 22 No |
Answer / farhaz pasha
NAME OF THE AC/C, DEBIT[rs] , CREDIT[rs].
CAPITAL , , XXX
ASSETS , XXX ,
, XXX , XXX
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / sameer
Trial Balance
(as on .........)
date, Particulars,Ledger Folio,Debit(in rs),Credit(in rs.)
| Is This Answer Correct ? | 1 Yes | 0 No |
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Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
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