The following Trial Balance is drawn by a person who is not well versed in accounting process. You are required to re-draft the Trial Balance correctly.
Trial Balance for the year ended Mar 31, 2010
|
Debit
Rs
|
Credit
Rs
|
|
Capital
|
53,700
|
-
|
|
Stock 1.4.2009
|
22,350
|
-
|
|
Insurance
|
-
|
6,300
|
|
Purchases
|
1,38,600
|
-
|
|
Sales
|
-
|
2,36,550
|
|
Salary Expenses
|
37,230
|
-
|
|
Lighting and Heating
|
1,860
|
-
|
|
Plant and Machinery
|
21,600
|
-
|
|
Delivery Expenses
|
-
|
1,380
|
|
Rates Paid
|
2,340
|
-
|
|
Depreciation Accumulated
|
2,100
|
-
|
|
Rent Paid
|
-
|
-
|
|
Rent Received
|
-
|
3,630
|
|
Delivery Vehicle
|
8,850
|
-
|
|
Cash
|
660
|
-
|
|
Trade Creditors
|
29,550
|
-
|
|
Trade Debtors
|
-
|
83,520
|
|
Carriage Outwards
|
-
|
3,000
|
|
Outstanding Rent
|
3,000
|
-
|
|
Bank Overdraft
|
5,850
|
-
|
|
-
|
3,34,380
|
3,34,380
|