Prepare Trial Balance for the following Balances as on 31st March 2021 Balances Cost of Goods Sold5,20,000

Fantastic news! We've Found the answer you've been seeking!

Question:

Prepare Trial Balance for the following Balances as on 31st March 2021

Balances ₹

Cost of Goods Sold 5,20,000

Opening Stock 50,000

Closing Stock 50,000

Salary and Wages 50,000

Sales 8,00,000

Plant & Machinery 2,00,000

Drawing 50,000

Investment 4,30,000

Creditors 1,00,000

Capital 4,00,000

Related Book For answer-question

Financial Accounting For Managers

ISBN: 9789352868339

3rd Edition

Authors: Sanjay Dhamija

See More Books

Posted Date: Jan 10, 2024 09:13 AM

See More Questions

Use the trial balance and additional information given in Case 5.4 in Chapter 5 and prepare the balance sheet of HUL Limited as on 31st March 2017. Case 5.4 Hindustan Unilever Limited (HUL) is Indias...
Old Office Building Karas Investments owns a small office building in Windhoek, from which the company operates. The Windhoek office was purchased on 1 March 2019. Karas Investments decided to move...
A car moving with a speed of 40 km/h can be stopped by applying brakes at least after 2 m. If the same car is moving with a speed of 80 km/h, what is the minimum stopping distance? (a) 8 m (c) 4 m...
Given the financial data in the table below for two mutually exclusive alternatives, determine the value "X" for the two alternatives to be equally attractive. Use an interest rate of 12% per year. P...
According to the News Wire "Comparative Performance," which country had (a) The fastest growth and highest inflation? (b) The slowest growth and the lowest inflation? (c) Why might these performance...
If LMNO is a parallelogram, what is the value of x + y? 75 92 110 128 150 M (y + 8) L/(x+10)/115 O N
Use a dot plot to display the data, which represent the blood glucose levels (in milligrams per deciliter) of 24 patients at a pathology laboratory. Organize the data using the indicated type of...
It is known that on a particular high school campus, 62 percent of all students are juniors, 23 percent are seniors, and 15 percent are freshmen and sophomores. A sample of 80 students attending a...
The Royal Gorge Bridge in Colorado rises 321 m above the Arkansas River. Suppose you kick a rock horizontally off the bridge. The magnitude of the rock's horizontal displacement is 45.0 m. Find the...
1. Which aspect of the French revolution most disturbed commentators? 2. How would you align each of these writers on a spectrum running from extreme right to extreme left in politics? 3. How would...
Selected data from a February payroll register for Crane Company are presented below. Some amounts are intentionally omitted. Gross earnings: State income taxes $(3) Regular $6,000 Union dues 110...
1. Two cars are meeting at an intersection and want to proceed as indicated by the arrows in the following Figure: Each Driver can proceed or move. If both proceed, there is an accident. A would have...
Iodine is sparingly soluble in pure water. However, it does ` dissolve ' in solutions containing excess iodide ion because of the following reaction: I - ( aq ) + I 2 ( aq ) = I 3 - ( aq ) K = 7 1...
12. (0 points) Design a 4-bit arithmetic combinational circuit that performs the following operations: Control Inputs M Mo 0 0 0 1 1 1 0 1 if(A/4 = = 0) then S = A + B; else S = A - B if(A
Q2 Round trips 10 Points Host A is transferring a file of size S to host B using TCP. A sends the file data in fixed size packets equal to the Maximum Segment Size (MSS), a predetermined value. B...
T/F The variance of an asset's return can be less than the standard deviation of that asset's return. If an investor owns two stocks, one whose standard deviation is 0.21 and the other whose standard...
This assignment will carry a double weight (the same as TWO homework or quiz assignments). If you do not do it, you will receive TWO zeros, not one. Following is a statement about a significant...
Teasdale Inc. manufactures and sells commercial and residential security equipment. The comparative unclassified balance sheets for December 31, 2015 and 2014 are provided below. Selected missing...
XXX Investment Limited invested 10 million in corporate bonds. These investments were classified as FVTPL in line with the business model of the company. With the change in the business model, the...
You are given the following information in respect of Surya Limited and Chand Limited in similar business for the year ended 31st March 2017. 1. Which company is managing its trade receivables...
Mr. Smart Lal commenced his trading business in the name of Exotica Trading Company on 1st April 2017 with a capital of 1,000,000 and a loan from the State Bank of India amounting to 500,000. At...
You own your own firm, and you want to raise $$40$ million to fund an expansion. Currently, you own 100% of the firms equity, and the firm has no debt. To raise the $$40$ million solely through...
If investors are holding optimal portfolios, how will the portfolios of a more risk averse and a more risk-tolerant investor differ?
According to the managerial entrenchment theory, managers choose capital structures so as to preserve their control of the firm. On the one hand, debt is costly for managers because they risk losing...

Prepare Trial Balance for the following Balances as on 31st March 2021 Balances Cost of Goods Sold5,20,000

Question:

Expert Answer:

The detailed answer for the above question is provided below To prepare a trial balance we need to l... View the full answer

Financial Accounting For Managers

Students also viewed these accounting questions