Check the arithmetical accuracy of the ledger account balances from th – InterviewSolution

1.

Check the arithmetical accuracy of the ledger account balances from the following.Cash in hand500Purchases44,000Sales67,500Return inwards400Return outwards250Power2,100Stock25,000Building30,000Machinery5,000Creditors7,250Capital32,000Trial Balance as on ........

Answer»

Account Tittle	LF	Amount(Debit)	Amount (Credit)
Cash in hand		500
Purchase		44,000
Sales			67,500

Return inwards	400
Return outwards		250
Power	2,100
Stock	25,000
Building	30,000
Machinery	5,000
Creditors		7,250
Capital		32,000
	1,07,000	1,07,000

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