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From the following ledger balances prepa...

From the following ledger balances prepare trial balance :
Capital Rs. 20,800, Rent outstanding Rs. 1,420, Amount due to Param, Rs. 15,000, Drawing Rs. 2,800, Goodwill Rs. 12,000, interest received Rs. 2,000, Discount received Rs. 1,580, Amount due from Deepan Rs. 26,000.

Text Solution

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Total of Trial Balance Rs. 40,800
Hints : Amount due to Param will be shown in Cr. Side.
Amount due from Deepan will be shown on Dr. side.
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