Trial Balance and Errors ix LEARNING OBJECTIVES | After studying this Chapter, you should be able to understand : i -® Meaning of Trial Balance 1 © Objectives of Preparing Trial Balance | Preparation of Trial Balance © Steps to Locate the Errors \@ Types of Errors : — Errors Affecting Trial Balance —J.R. Batliboi leaning of Trial Balance (a the businessmen after completion of postings frm Journal or Subsidiary Books ‘to the Ledger, want to verify accuracy of the posting. For this purpose a statement is prepared wherein the balances of all the accounts in the Ledger are incorporated. The statement so prepared is called ‘Trial f Balance’ JAccounts showing debit balances are put on the debit side of the trial balance } and the accounts showing credit balances are put on its credit side. If the total of the E debit side of the trial balance is equal to that of its credit side, it is presumed that the } posting to the ledger is accurate. The reason for agreement of a trial balance is that under the double entry system, | each transaction is recorded two times, once on the debit side of an account and again on the credit side of another account. Thus, the total of all the entries on the debit side of all the accounts must be equal to the total of all the entries on the credit side of all the accounts. If the totals of both the sides of a trial balance are equal, it is proved that the books gre atleast arithmetically correct. oso of Trial Balance According to Carter, ‘Trial Balance is the list of debit and credit balances, taken out from ledger. It also includes the balances of cash and bank taken fromi cash book.”” According to William Pickles, ‘The statement prepared with the help of ledger f balances, at the end of financial year (or at any other date) to find out whether debit ; total agrees with credit total is called Trial Balance.”eR ee TRIAL BALANCE AND ERRORS eristics of a Trial Balance st of balances of all ledger accounts and the cash book. just a statement, and not an account. Itis neither a part of double entry system, nor does it appear in the actual books of accounts. It is just a working paper. 4. It can be prepared at any time during the accounting period, say, at the end of every month, every quarter, every half ycar or every year. Usually it is prepared at the end of accounting year before preparing the final accounts. It is always prepared on a particular date and not for a particular period. . Itis prepared to check the arithmetical accuracy of the ledger accounts. 7. If the books are arithmetically accurate, the total of all debit balances of a trial balance will be equal to the total of all credit balances. 8. A tallied Trial Balance is not a conclusive proof of the accuracy of the books of accounts since certain type of errors remain even when the Trial Balance tallies. aun jectives or Need or Functions of Preparing Trial Balance ‘The following are the objects or functions of preparing a trial balance -— (1) To ascertain the arithmetical accuracy of the ledger accounts. (2) To help in locating errors. f (3) To obtain a summary of the ledger accounts. j (4) To help in the preparation of Finai Accounts. (1) To ascertain the arithmetical accuracy of the ledger accounts :— The trial ; balance provides a useful check upon the ledger postings. If a trial balance tallies, itis proved that the posting to the ledger accounts is correct. In other words, it ensures that both the aspects of cach transaction have been posted into the ledger ie., debit aspects | have been posted on the debit side and the corresponding credit aspects on the credit side. (2) To help in the detection or location of errors :— If a trial balance does not tally, it indicates that some errors have occurred and the accountant will then proceed to locate such errors. Even a small difference in the trial balance is to be given the same | importance and attention as a large difference because it may be possible that there may be a number of errors which have offset the effect of one another, resulting in a small composite difference. (3) To obtain a summary of the ledger accounts : A Trial Balance serves as a summary of all the ledger accounts. Scanning the Trial Balance enables one to know the assets, liabilities, expenses, incomes etc. (4) For the preparation of Final Accounts :— As the trial balance contains the list of all the Ledger accounts, it provides a basis for further processing of accounting data, i.¢., preparation of final accounts namely Trading and Profit & Loss Account and a Balance Sheet.Defects of a Trial Balance ‘A Trial Balance in which the credit and debit accounts match does no! PENT that : el tansactions have been correctly analysed and recorded in the proper accounts. If, for examp! Tuten of plant had been erroneously recorded by debiting the wars the wages paid for the instal ie pant in place of the plant account, the Trial Balance would still agree. >, All ransactions have been recorded in the books of original entry, If, for example, a sales invoice Ao ee completely omitted from being recorded in the sales day book, the error would not 8: disclosed in the Trial Balance. We can say that a Trial Balance should not be regarded as conclusive proof! of the co of account. wrrectness of the books Construction of a Trial Balance The Trial Balance is generally prepared on a loose sheet that_ma : J s y have five columns : (a) Serial Ne }) Heads of Account; (c) Ledger Folio (L.F.); (d) Debit i : . .F); it Ba e; e dit Balance, For the preparation of a Trial Balance, the following steps are icone epee ene!Se Caloulate the balances ofthe cas set Write down the heading—"Tial nook a Write down : (a) Seriat : ; S43 Weiedown Sei nunher ofthe can ni Financial Accounting Vol. 1 4.3 ne all ledger account ‘Trial B, iger accounts. alance of .* at the top of the loose sheet. ¢ Ist column; (b Names of the accounts in umber in the 3rd col 7 : both the debit and 3rd column; and (A) the balances inthe respective columns, de credit columns to see whether they agree, he fllowng transactions in the ledger of Mr Alpha 10 © a t ‘Started business with cash a ‘Sf moran % 5M iy Ragas aoe 3 ‘ Sad gods orcash i Hy Sd goods orcas eo aid Pos $ Sa Boceey 2 2 Padres 2 Id goods for cash wired to extract a Trial Bal eo = You are req lance as on 31st January 2010, solution Ledger of Mr Alpha or. Cash Account cr. Dale. i aN Particulars z Date Particulars z Boro san. 1 | To Capita Ni 50002010 Jan 4 | By Purhases Alc 30 eee 350 7 | By Stationery Alo 50 eA 300 10 | By Puchases Ne 730 19 | To Sales. 350 42 | By Wages Alo 100 24 | To Sales Ale 600 17 | By Eleccity Charges Alo 70 31 | To Sales Ale 700 20 | By Stationery Ale 80 21 | By Wages Ale 100 23 | By Purchases Alc ™~ ry Postage Alc 6 By Aavubsonent Ae wn 31 | By Wages Ac 150 31 | By Balance old 6.190_ 8,300 8,300 br. Purchases Account _ cr. Date Particulars: z Date Particulars z ‘2010 Jan. 4 | To Cash Alc 500} 2010 Jan. 31 | By Balance cld- 1,450 10 | To Cash Alc 750. 23 |ToCash Alc 20 1,450 1,450 Dr. Sales Account cr. “tae [Paredes Da Pateias z iD an. 31 | To Balance ot 2500 sen | YC 2 49 | By Cash Ac 350 24 | By Cash Ac 600 31 | By Cash Ne m0 [2300 2300 Or. Capital Account cr. 5 eae eee ——— Dale Partoulars © Date Particulars 2010 "Jan, 31 | To Balance old 6,000 [2010 Jan. 1 [By Cash Ale 6,000 Dr. ~~ Stationery Account cr. z Tae Faria z Dale Pare 130 BID" dan” |ToGash Ae | albu. ST [yaa <= 2) | ToCash Ae a iw4.4 The Trial Balance nt ea A oe Wages Accout aan z ate Particulars. z ad a 2010 Jan. 12 | To Gash Ale 700) 2070 Jan. 31 | By Balance i dan.21|| To Gash At 100, il san. 31 | To Gash Ae 150 ae 350 zs Account i Cr. { Dr Electricity Charges a mH Date Partoulars z Date. a eles i 7 2010 Jan. 17 |To Cash Alc 70|2010 Jan. 31 | By Balance Dr. Postage Account cr, Date Farinas (ecatacs ata Parcs E z 2010 Jan 25 | To ash We 1 a0 [2510 anc 3i [By Balance 8 w pe Advertisement Account Cr. Date Particulars z Date. Particulars: z 2010 Jan. 26 | To Cash Ac 30/2070 Jan. 31_| By Balance cd ae), 3 Trial Balance of Mr Alpha as at 31st January, 2010 Si.No. Heads of Account LF._| Debit Balance (%) | Credit Balance (&) 4. [ash sount 6190 a 2 | Purchases Account = 1450} ‘3 | Sales Account (0 4 | cape Accu =a = 07 5. | Stationery Account w 6. | Wages Aocouts = | Biotisiy Charges Account : 70 8. Postage Account 20 9. | Advertisement 30} ; TOTAL 3300 300 ji ee Disclosed by a Trial Balance The disagreement of a Trial Balance indicates the presence ofone or more of the following errors in the bog, of account. . 1. Omission to Post an Amount in the Ledger ‘The two sides of a Trial Balance will not agree, when transaction has been correctly recorded in the books of original entry but has not been posted in the ledger. a cash receipt of £500 from X has been properly recorded in the cash book, but has not been posted on the aca eide of X Account, the credit side of the Trial Balance will fall short by ¥ 500. ted Twice If only one side of the transaction is 2. Debit or Credit Entries are not Posted at all or Pos! hased on eredit from X for € 300 has been properly lance will fail to agree. Similar recorded, the Trial Balance will not agree. If stationery pure! r seemed in the Stationery Account but not in the account of X, the Trial Balane® . TX Account is correctly credited but Stationery Account has been wrongly debited twice, the Trial Balanos will not agree. 3. Debits are Wrongly Posted as Credits and Vice Versa A Trial Balance. will be in disagreement Sooo acaction i recorded on the wrong side of an account. Ifa cash receipt of € 1,000 as interest i properly debited in the cash book but has been recorded on the debit side of the interest account by mistake, the credit side of the Trial Balance will fall short by € 2,000. 4. Wrong Totalling of Subsidiary Books Ifthe total of any subsidiary books has been cast wrongly, it will Gause a disagreement in the Trial Balance. Ifthe sales day book is wrongly totalled as & 1,800 (instead of £1.00) sales account will be credited by 1,800 but the debtor's account willbe debited by @ 1,700, in which case the Trial Balance will fail to agree. 5. Difference in Amount between the Entries If different values of an item are posted in two different a linte the Trial Balance will not agree. A cash receipt of 2,000 from X is correctly recorded in the secs ‘bat the account of X is incorrectly credited by € 200, the credit side of the Trial Balance would fall short by % 1,800. 6. Error in the Computation of an Account Balance If the balance of an account is not correctly com- puted, the balance of the ledger will not show the true position and will cause disagreement of the Trial Balance. 7. Omission of Account Balance If the balance ofan account is not listed in the Trial Balance at all, it will fail to agree. 8. Balance of an Account Wrongly Recorded in the Tri For example, if the actual balance of purchase account wrongly recorded in the Trial Balance, itwill not agree. sre 2000 but has been recorded in the Trial Balance as & 100, the debit side of the Trial Balance will fll short by 900. 9. Errors jn Extraction of the Trial Balance The Trial Balance will not tally if any or both the columns are ial Balance If the balance of an account is ‘rors Not Disclosed by a Trial Balance ther from the books of original entry, it will 1. Errors of Omission Ifa. particular transaction is omitted altogetl not disturb the agreement of the Trial Balance. Ifa sum of & 100 paid to X, is‘not recorded either in the Cash Book or in the account of X, only the total of the Trial Balance will fall short by & 100, but the debit and credit columns will show no difference.Finanei 2, Errors of Principle ‘These errors arise because of an incorrect application of the principles of accounting, forinstance. failure to differentiate between capital and revenue expenditure, The existence of this type of error jg not disclosed by the Trial Balance. Examples are : (a) Wages paid for installation of machinery being debited to Wages Account; and, (b) Repairs of the building debited to Building Account and the like. 3. Compensating Errors These are a group of errors, the total effect of which is not reflected in the Trial Balance. These errors are of a neutralizing nature, i.e., one error is compensated by another error or by errors ofan opposite nature. For example, an extra debit in Salary Account for 100 may be compensated by an extra credit of € 100 in Sales Account. 4, Recording Wrong Amount in the Books of Original Entry If a transaction is wrongly recorded in the books of original entry and is subsequently carried through the ledgers, it will not cause disagreement in the Trial Balance. For example, if stationery purchased for cash 175 is recorded in the cash book as © 7 51 and posted to Stationery Account in the ledger as 751, the Trial Balance will still agree 5, Recording Both Aspects of a Transaction more than once in the Books of Account The Trial Bal- ‘ance will agree if both aspects of a transaction are recorded twice in the books of original entry. For example, ifa credit purchase of € 4,000 from Tata Chemicals Ltd. is entered in the purchase day book twice, the error will not cause a disagreement in the totals of the Trial Balance. 6. Errors in Recording a Transaction on the Correct Side of a Wrong Account If a transaction is re- corded on the correct side ofa wrong account, it will not cause a disagreement in the Trial Balance. For example, if @ 500 cash paid to Ram, is wrongly debited to Raman Account, it will not affect the agreement of the Trial Balance.48 The Trial Balance uspense Account ; count in whi temporary basis when th, [A Suspense Account is a Ledger Account in which entries are made on a PMD © com ccot eannot be immediately identified This may be so beeause further informat > i fe become ava orwhile preparing the accounts the accountant is unsure of how t0 proceed wih hs STi the fallin cases: () to balance a disagreed Trial Balance; (ii) to post doubtful items; an. ord incon transactions. () To Balance a Disagreed Trial Balance : Sometimes, a Trial Balance on tally despite all effons, but one cannot wait indefinitely as accounts must be closed at the end of a enn yea in ae case amount of difference is entered in the lighter column against ‘Suspense a . Aas Note is that double entry will be possible. Later, when the mistakes are detected, the rectifying entries are passed, i a i it .d to the correct account for one reas (i) To Post Doubtful Items : Sometimes, an item cannot be poste on oy another. For instance, you may receive a remittance of 1,500 but you may not know who has sent it, You then pass the following entry : Journal 2 Dr cr Date] Particulars Sle Cash A me. : To Suspense Al 1800 (Being the remittance received trom unknown sender) Later, you get the information that Ram, Shyam & Co has sent this am‘ jount. Then you should pass the following entry: Journal Dr. cr. Date. — —Fareuars 5 tS z ‘Suspense Alc ™ i" To Ram, Shyam & Co. Alc 1,500 (Geing crest gven tthe sender for aremitance which had been credited previously to Suspense Account) zs (ii) To Record Incomplete Transactions : Sometimes a Suspense Account is opened to record a balance that has not yet been finalised because a particular deal has not been concluded. For example, an advance of £10,000 received from X for the goods tobe delivered in the Future, subject to availability. A Suspense Account can include many transactions of this nature, without involving any error. Préparation of The Trial Balance from Given Ledger Balances For the purpose of preparing the Trial Balance from a given list of ledger balances, the following rules should be followed: The balances of all accounts relating to: (a) Assets; (b) Expenses; (c) Losses; (d) Drawings; and (e) Debtors, should be placed in the Debit column of the Trial Balance. 2.7 The balances of all accounts relating to: (a) Liabilities; (b) Income and Revenue; (c) Gain; and (d) Creditors, should be placed in the Credit column of the Trial Balance. Some Important Items Closing Stock Generally, closing stock does not appear in the Trial Balance because a separate account for this is not opened in the general ledger. It represents the balance of goods unsold out of opening stock and purchases. When goods ae rarchases Purchases ate is debited and Cash/Creditors Account is credited (Closing Stock Account is not coming into picture), At the end of the year, if the following adj is in stock will appear in the Tad Balance, ering adjustment ‘easy: parsed; thes Closing Stock Account t Dr. To Purchases Accountie pot Financial Accounting Vol.| 4.9 — goods Sold oods cost ood Sold = Opening Stock + Purchases ~ Closing Stock: est Goods Sold will appear in the Til Balance ithe following entry is passed Gist af Goods Sold Account Mh Grosing Stock Account Dr To Opening Stock Account , t To Purchases Account mustrative Example ing Stock &§,000; Purchases & 30,000; Clo ‘Cost of Goods Sold = & 5,000 + 30,000 ~ Journal entry will be : Cost of Goods Sold Account Dr. 725,000 Closing Stock Account Dr. 210,000 To Opening Stock Account 5,000 To Purchases Account 30,000 Inthe Trial Balance Cost of Goods Sold will be shown as a debit balance & 25,000 and Closing Stock will be shown as debit balance € 10,000. Note : Cost of Goods Sold will be debited to Trading Account and Closing Stock will be shown in the Balance Sheet as a current asset, Zerriage Inwards and Carriage Outwards Carriage paid for purchase of goods is called carriage inwards whereas carriage paid for sale of goods is called cariage outwards. Both are expenses. Therefore, both carriage inward and carriage outward will be shown in the debit column of the Trial Balance. Returns inwards and Returns Outwards 1g Stock & 10,000, 0,000 = & 25,000, Goods returned by customer is called the Returns Inwards. When goods are returned by the customer, Returns Inwards Account is debited and Customer Account is credited. Returns Inwards Account always will show a debit balance. Therefore, in the Trial Balance it will be shown in the debit column. Goods returned to suppliers is called Returns Outwards. When goods are returned to supplier, Suppliers (Creditors) Account is debited and Returns Outwards Account is credited. Retums Outwards Account will always show a credit balance. Therefore, in the Trial Balance it will be shown in the credit column, MStration 3 ‘om the following list of balances, prepare a Trial Balance as on 30.6.2010 : z 1. Opering tock 19000 13. Plantand Machinery 7500 2 Wages 40000 14. Loose Tools 1.800 3 Sales 12000015. Lighting 2300 rary 440016. Greditors 8000 5. Codland Coke 300 17, Capital 49.000 6. Purchases 75000 18 Miscelaneous Receipts x0 7. Reps 2000 19. OficeSalares 2500 f._ Comfage 1500 20. Office Fumiture ‘80 9. Income Tax 1500 21. Patents 1,900 , 2. Good 15,000 23, ‘Cash at Bank $100 4. Closing Stock 60 at 30th June, 201010 The Trial Balance ~ + —-_ ao] [ogra 800 19. Ofice Salaries 2 | Ote Future [| gp a1.__| Paes 5,000) Sera Bak £100 : a a TOTAL 473.000 173000 Correction of Trial Balance tration 4 . a sleek ofa businessman wrongly prepared the following Trial Balance. You are required to draw up a Trial Balance i ‘correctly stating reasons in brief: ‘Sino. | Heads of Account LF.__| Debit Balance (&) | Credit Balance (®) | Capital I 60,000 2__| Stok a Commencement 5,000 3. Discount Allowed 500 4. ‘Commission Received 700 5. | Fixed Assets 0,000 i 6__| Sales #000 z: etum 0 45,000 & 1,000 9. Retum Inward = 2,000 = 10. | Carriage inward - a i 11.___| Caniage Outward & 12. | iB at 000 | 14.__|Debios ae i 15. | Bils Paved x i 16. Rent 7,000 17. irtrest Paid 3.000 18. | Cash 2,000 18. Crestor 800 20._| Stock altho End 6.900 TOTAL 33,800 Solution rial EEecw aa 17,500 T7750 F c Great Balance @) : (60,000Financial Accounting Vol. 4.11 Reasons | Discount Allowed is an expense, so its balance will be a debit balance. Sales are income, so its balance will be a credit balance. Purchases are expenses, so its balance will be a debit balance. Carriage Inwards is an expense, so its balance will be a debit balance. Carriage Outwards is an expense, so its balance will be a debit balance. Interest Paid is an expense, so its balance will be a debit balance. Creditor is a liability, so its balance will be a credit balance. Sera een Mustration 5 total of the debit side of the Trial Balance of a lar After several checkings and re-checkings the following mistakes are discovered : Fixed Assets always reflect debit balance because assets coming in are debited. Closing Stock is not an account, so it cannot have any balance and consequently, it cannot find a place inthe Trial Balance. Only when closing stock is adjusted against purchases, it appears inthe Trial Balance. ge boot and shoe repairing company as at 31st December, 2009 is 1,66,590 and that ofthe credit side is 42,4 70. \ ame of Accounts Corect Figure Figure as it appears in the {as it should be) ‘Trial Balance Opening Stock 14,900 14,800 Repairs 61,780 61,780 (But appear on the debit side) Rent & Rates, 2,160 2400 Sandy Crestor, 6070 5900 ‘Sundry Debtors 24 8,060 8310 Ascertain the correct total of the Trial Balance. Solution __Ascertainment of Correct Total of Trial Balance as at 31st December, 2009 Debit Side z Credit Side Tots per Til Balance 1,66,590 | Total as par Tal Balance ‘Less: Wrong amount of Opening Stock 14,800 | Add Repairs (Note 1) ‘Ni Conect amount of Opening Stock Less: Wrong amount of Grdiors ‘ess: Repair (Not 1) ‘Add: Correct amount of Creditors, 1,04,910 | {s:Wrong amount of Rent & ales 24004.12 The Trial Balance ro i ‘Ad: Corect amount of Ren & Rates 2,160 104.670 ‘Less: Wrong amount of Sundry Debiors 8,310. 96,360 = 104,400 1104420 ‘Ad: Comeet amount ot Sundry Debiors Note: ‘an incom Sie Trial Balan () Repairs is ani the case ofa shoe manufacturing, therefore it will appear on the credit side of the Trial Balance. ‘san income in the ease of mnufacturing,4:16 The Trial Balance PRACTICAL QUESTIONS 1. Enter the following transactions in the subsidiary books and post them into ledger and prepare a Trial Balance f month of November 2009 and bring down the balances on Ist December, 2009. (all figures in rupees) the 1 MrXstarted a business with 4 Bought fumiture from Modem Future 5 Purchased goods for cash 8 Purchased from B Sen & Co for & 15,000. Trade dfscount 8 Opened a bank account by depositing 10 Soid goods for cash 10. Purchased statonory from Bharat Stationery Mart. 60,000 5,000 10,000 20% 14,000 20,000 500 11 Sold goods to Zaki Khan 4 Goods rtumod by Zakir Khan 15. Payment to Sen & Coby cheque 1900) 20. Goods purchased on credit from Din Dayal & Co ‘ge 25 Goods retumed to Din Dayal & Co worth 28 Paid olecncity bill 29° Cash sales 30 Withdrew for private use from bank. Le Correct the following Trial Balance : (all figures in rupees) Or. Retum Outward Opening Stock Salaries A “Am inexperienced bookkeeper has drawn up a Trial Balance for the year ended 30th June, 2010 : 16,000 34,200 12,000 2,000 45,000 6,000 Dr. Provision for doubtful debts 200 Bank overdraft 1.654 Debtors 2.963 Discount received 252 Drawings 4200 Office Furiture 2,155 Purchases 109823 Rent and Rates 314 ‘Soisted 2520 Stock 2418 Provision for depreciation on Furiture 364 24383 Debtors Carriage Outward Capital Machinery Return Inward Discount Received Trade Expenses Sales Building Capital Creditors Discount alowed General expenses tum Inwards Sales 431 187 1688 25.002 ‘Draw up a ‘corrected’ Trial Balance, debiting or crediting any residual errors to a Suspense Account. ie of the Trial Balance of a daily newspaper firm at 31st December, 2009 is € 1,80,590 and thet The total of det of the credit side is ® 36,470. After several check ings and re-checkings the following mistakes are discovered : ‘Name of Accounts Correct Figure (as it should be) Figure as it appears in the Trial Balance Opening Stock 12,700 1260 ‘Advertisement Income 7,780 ni {But appear on the debit ent & Rates 2260 en 2500 Sundry Creditors 6,170 6000 Debtors 8,150 8400 Ascertain the correct total of the Trial Balance. 5, The following Trial Balance of Sri A K Das was drafted by his son, S student, But due to his defective knowledge of the subject, it had been re-draft the Trial Balance correctly stating your reasons for correction, Be Trial Balance sri Provat Sundar Das, a Higher Secondary done incorrectly. You are now required’ Heads of Account Credit Balance 6) — Debit Balance @) © 4,00,000 Ta eae pT| | | f incial Accounting Vol. {4.17 - 0 = [12600 mem - 73000 = 0.92 - = 100606 2800 = 120 2 mx 4.200 aa Te ils Receivable Se 18.___| Rent Receivatle - 18.__|Ierest Paid —|_ $600 20. | Bank Overratt 7 To 2i__| Cash a 7. _| Commission Received = Z._| Rates and Taxes al 24, | Discount lowed = Total 250,290 250290 ‘The following Trial Balance of a sole trader, although it adds up to the same total on both sides, is incorrect : Trial Balance as on 31st December, 2009 SLNo. [Heads of Account LF |] Debit a ] ooee ® 4. | Capital 1st January 447.500 = 2 [Drawings = 523500 3_| Stock, tstanuary 1.86.50 = 4. | Purchases 11,585,000 = 5__|Saes = 3971.250 | 6.__| Wages and Salaries 3.10250 = 7.__| Lighting and Heating 15,500 = 8. [Equipment 1,80,000, = 9. | Garfiage Outwards = 11.500 i 10. [Retums inwards __._ 5250 = 11, | Retums Outwards 12. [Provision for Bad Debis 13. [Discount Alowed 14, _| Discount Received 15, _| Rent, Rates and insurance 16. | Motor Vehicles 17. | Sundry Debtors = 18, | Sundry Creditors = 19, | Bank Overdraft Ee = 20._| Cashinhand ar Total Stock in hand at 31st December &1,95,000. Draw up corrected Trial Balance,»Gulde to Answers Muttiple Choice LC LB RB AC SD OC TB RC 9c 0c Practical Questions. 1. Trial Balance Total € 1.21,800, 2. Trial Balance Total 2 2,66,200, 3. Trial Balance Total 2 25,850. Suspense Account (Dr.)& 1,175. 4. Trial Balance Total 2 1,08,420, S. Corrected Trial Balance &2,40,000, 6. Corrected Trial Balance &27,61,500, 7. Trial Balance Total £ 6,68,000.