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The following list of account balances were extracted from the books of Ahmed and Company at 30 April 2013. Amount

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The following list of account balances were extracted from the books of Ahmed and Company at 30 April 2013.

                                          Amount in Rs. (000)                             

Revenue                              18,955

Purchases                            12,556

Inventory 1 May 2012          3,776

Salaries and wages               2,447

Motor expenses                       664

Rent                                         456

Rates                                        120

Insurance                                 146

Packing charges                       276

Lighting                                    665

Sundry expenses                      115

Motor vehicles                      2,400

Fixtures & fittings                    600

Trade receivables                  4,577

Trade payables                      3,045

Cash at bank                          3,876

Cash in hand                             120

Drawings                               2,050

Capital                                 12,844 

Prepare trial balance  

Prepare income statement and inventory on 30 April 2013 is 4,998,000

Prepare statement of financial position

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Using Financial Accounting Information The Alternative to Debits and Credits

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: August 04, 2021 00:05:28
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance

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