Q. Identify the errors andPrepare Trial Balance for the given question

EXERCISES No. 1. M/s. Red and White started business with cash Rs. 35000 and furniture worth Rs. 7000 on Ist April, 1989. Transactions completed during the month of April are 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 away 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