11 The following is the Trial Balance of Mr. Gopal as on 31.3.2009
Dr. ()
Particulars
Drawings and Capital L
Debtors and Creditors AL
16% Loan (taken on 1-7-2008)
Cash in Hand
Bank A
Provision for doubtful debts
Furniture A
Machinery A
Stock on 31-3-2009
Rent and Taxes ple
Salaries P
Insurance P
Commission P
Interest on Loan P
Gross profit
Outstanding wages"
Suspense account
12,000
50,500
2,200
10,400
12,000
28,400
68,500
9,300
19,600
800
600
201 4,200
2,18,500
Cr. ()
1,00,000
40,000
10,000
2,000
3,000
61,500
2,000
2,18,500