One of your customers, X has approached you to finish his records for the year finished March 31, 2009. Till date, he himself has recorded the exchanges in books of records. As a premise for review, X outfitted you with the accompanying proclamation.
Dr. Balance
Cr. Balance
X’s Capital
1,556
X’s Drawings
564
Leasehold premises
750
Sales
2,750
Due from customers
530
Purchases
1,259
Purchases return
264
Loan from bank
256
Creditors
528
Trade expenses
700
Cash at bank
226
Bills payable
100
Salaries and wages
600
Stock (1.4.2008)
264
Rent and rates
463
Sales return
98
5,454
5,454
The end stock on March 31, 2009 was esteemed at Rs. 574. X guarantees that he has recorded each exchange accurately as the trial parity is tallied. Check the exactness of the above trial equalization.