Prepare a balance sheet on the basis of this trial balance, Accounting Basics

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Prepare a balance sheet on the basis of this trial balance

Following is the Trial Balance of M/s. Trinity Foods as on 30th June 2007 (after closing Nominal Accounts). Prepare a Balance Sheet on the basis of this trial balance.

Particulars Debit (Rs.) Credit (in Rs.)
Cash 10,000
Capital 100,000
Bank 77,000
Furniture 25,000
Ram 15,000
Rahim 50,000
Trading & Profit & Loss 47,000
162,000 162,000

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Accounting Basics: Prepare a balance sheet on the basis of this trial balance

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Request for Solution File

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Accounting Basics: Prepare a balance sheet on the basis of this trial balance

Reference No:- TGS044963

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Estimate debit and credit card fees

Q : Prepare a statement of cash flows, using the indirect method

Q : Annual coupon rate on bond

Q : How much free cash flow did the firm generate

Q : Prepare a balance sheet on the basis of this trial balance

Q : Implied interest rate yield on treasury bond

Q : Impact on the income statement

Q : Find levels of output in plant if firm is maximizing profit

Q : Determining the firm pre-tax income

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Prepare a balance sheet on the basis of this trial balance

Reference No:- TGS044963

Recent Questions Asked Accounting Basics

Q : Estimate debit and credit card fees

Q : Prepare a statement of cash flows, using the indirect method

Q : Annual coupon rate on bond

Q : How much free cash flow did the firm generate

Q : Prepare a balance sheet on the basis of this trial balance

Q : Implied interest rate yield on treasury bond

Q : Impact on the income statement

Q : Find levels of output in plant if firm is maximizing profit

Q : Determining the firm pre-tax income

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