The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form
The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form:-
[Ans. Total of Trial Balance ₹ 4,30,200.]
| Name of Accounts | Balance Dr. | Balance Cr. |
| Land and Building | 1,20,000 | |
| Plant and Machinery | 92,000 | |
| Wages | 18,200 | |
| Discount Allowed | 1,620 | |
| Discount Received | 730 | |
| Purcahses | 1,26,000 | |
| Sales | 2,40,000 | |
| Return Inwards | 6,500 | |
| Return Outwards | 3,370 | |
| Opening Stock | 15,000 | |
| Debtors | 30,000 | |
| Creditors | 20,000 | |
| Carriage on Sales | 3,280 | |
| Carriage on Purchase | 2,800 | |
| Insurance | 1,500 | |
| General Expenses | 6,100 | |
| Cash in Hand | 2,400 | |
| Bank overdraft | 12,100 | |
| Capital | 1,54,000 | |
| Drawings | 4,800 | |
| Total | 4,30,200 | 4,30,200 |
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