Set up a trial parity as on that date

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Reference no: EM13910738

the accompanying offsets were extricated from the record of Mr.Ramakrishna as on 31st March 2003. You are obliged to set up a trial parity as on that date.

Rs.                                                                               Rs.

Drawings                      60,000                         Salaries                                    95,000

Capital                          2,40,000                      Sales return                             10,000

Sundry creditors           4,30,000                       Purchases return                      11,000

Bills payable                 40,000                          Commission paid                     1,000

Sundry debtors             5,00,000                      Trading expenses                    25,000

Bills receivable             52,000                          Discount earned                        5,000

Plant & Machinery         45,000                         Rent                                         20,000

Opening stock              3,70,000                       Bank overdraft                         60,000

Cash in hand                9,000                            Purchases                                7,08,000

Cash at bank                25,000                          Sales                                       11,80,000

Reference no: EM13910738

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