Q. Identify the errors and Prepare Trial Balance for the given questions.

EXERCISES Worth Rs 7000 on 1st April, 1988. Transactions completed during the month of April are No. 1. M/s Red and White started business with cash Rs. 35000 and furniture as follows April 02 Bought goods from Bright Star Rs.3200 on account. April 04 Sold goods on credit to Sharp & Co. Rs. 1900 April 05 Cash paid to Bright Star Rs. 3100 in full settlement. April 08 Purchased office equipment Rs. 3600 April 10 Gave way goods Rs. 120 and cash Rs. 130 as charity. April 13 Cash received from Sharp & Co. Rs. 950 and allowed discount Rs. 50. April 18 Personal expenses of the owner's paid Rs. 390. April 25 Purchased goods for cash Rs. 7680. April 30 Paid salaries Rs. 3200, rent Rs. 1800 and electricity charges Rs. 540. Required : Prepare a Trial Balance Answer: Trial Balance total Rs. 44000 No. 2. Mr. Imran started business in the name Imran & Brothers by investing cash Rs. 50,000, furniture Rs. 10,000 and building Rs. 1,00,000. His transactions for the month of December 1985 are as under: Dec. 01 He purchased goods on cash Rs. 10,000 and on credit basis as follows: From Akbar & Co. Rs. 15,000. Dec. 02 Goods sold for cash Rs. 5,000. Dec. 05 Cheque amounting Rs. 1,000 received above was deposited into personal account of Mr. Imran Dec. 06 Sold goods on credit (1) Faqir & Co. Rs. 5,000. (ii) Mr. Rashid Rs. 3,000 Dec. 07 Received commission Rs. 5,000 Dec. 10 Received from Faqir & Co. Rs 4,000 which includes a cheque for Rs. 2,000 which was deposited into bank. Dec. 12 4,900 in full settlement of account. Dec. 13 Goods amounting to Rs 1,000 distributed as charity. Made payment to Akbar & Co. cash Rs. 10,000 and issued a cheque for Rs. Received Rs. 900 from Faqir in full settlement of his account. Dec. 16 Paid salaries Rs. 2,000, electric charges Rs. 500 and telephone bill Rs. 1,000