Subject:
AccountancyAuthor:
mateo20Created:
1 year agoAuthor:
priscilawmp8
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14TRIAL BALANCE
31st March , 2021
S.N Particulars L.F No. Debit amount (₹) Credit amount (₹)
1 Fixed asset ₹ 40,000
2. Salary ₹ 5,000
3. Cash ₹ 11,000
4. Salary Escorts Co. Ltd. ₹ 10,000
5. Sales ₹ 25,000
6. Creditors ₹ 12,000
7. Debtors ₹ 10,000
8. Kotak Bank Loan ₹ 18,000
9. Purchase ₹ 25,000
10. Bank ₹ 10,000
11. Salary outstanding ₹ 1,000
12. Interest earned ₹ 1,000
13. Suspense account ₹ 34,000
Total ₹ 10,1000 ₹ 10,1000
The trial balance doesn't balance, hence, we should open a suspense account and put the amount on the credit side since the amount on the debit side was too high.
Author:
dannyvacp
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10