7. From the following balances extracted from the Ledger of Nagrath, prepare Trial Balance as on 31st March, 2024:
| ₹ | ₹ | ||
|---|---|---|---|
| Capital | 75,00,000 | Building | 7,50,000 |
| Plant | 15,00,000 | Stock on 1st April, 2023 | 12,50,000 |
| Cash in Hand | 2,500 | Cash at Bank | 5,75,000 |
| Commission Received | 1,75,000 | Rates, Taxes and Insurance | 30,000 |
| Discount (Dr.) | 55,000 | Discount (Cr) | 45,000 |
| Purchases Return | 50,000 | Sundry Creditors | 2,50,000 |
| Interest Received | 30,000 | Sales | 62,50,000 |
| Repairing Charges | 1,25,000 | Book Debts | 15,00,000 |
| General Expenses | 3,00,000 | Rent | 62,500 |
| Wages | 5,00,000 | Purchases | 48,00,000 |
| Furnitures | 1,20,000 | Carriage and Freight | 75,000 |
| Sales Return | 90,000 | Delivery Van | 5,00,000 |
| Loan Advanced | 6,00,000 | Travelling Expenses | 50,000 |
| Office Salaries | 6,25,000 | Drawings | 6,00,000 |
T.S.Grewal/2024 Edition/Practical Problems/Q-07
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
Answer :