Tally School - Trial Balance by Brijesh Stud

Trial Balance

Trial Balance-

Trial balance is a statement or list are debit balance and credit balance of the account of ladger or of dabit total and credit total of the account of ladger or of both balance and total’s of account of ladger.

It is a prepared at a creation intraul of period which mostly one finance year.

Method of prepreation of Trial balance

1. Total method- Under this method debit total and credit total of each account of ladger are recorded in Trial balance.

2. Balancemethod- Under this method only balance of each accountof ledger is recorded in Trial balance.

3. Total method and Balance method- This is the combination of abouve two method under this method both debit and credit total of each account are recorded.

4. Elimination of equal total method- Those account whose debit total are equal to credit total.

Following the entries

1-April-2009 business started with cash 20000.
2-April-2009 purchase goods 2000.
3-April-2009 goods sold 2500.
5-April-2009 cash deposit into SBI Bank 5000.
7-April-2009 purchase from Ravi 1000.
10-April-2009 sold to Mohan 1500.
12-April-2009 cash paid to Ravi.
20-April-2009 cash received from Mohan.
25-April-2009 paid salary 800.

Journal entries

Date	Particular	L/F	Debit	Credit
1-4-2009	Cash a/c Dr To capital		20000	20000
2-4-2009	Purchase a/c Dr To cash		2000	2000
3-4-2009	Cash a/c Dr To sale		2500	2500
5-4-2009	SBI Bank a/c Dr To cash		5000	5000
7-4-2009	Purchase a/c Dr To Ravi		1000	1000
10-4-2009	Mohan a/c Dr To sale		1500	1500
12-4-2009	Ravi a/c Dr To cash		1000	1000
20-4-2009	Cash a/c Dr To Mohan		1500	1500
25-4-2009	Salary a/c Dr To cash		800	800

Ledger creation

Cash A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
1-4-2009	To capital		20000	2-4-2009	By purchase		2000
3-4-2009	To sale		2500	5-4-2009	By SBI Bank		5000
20-4-2009	To Mohan		1500	12-4-2009	By Ravi		1000
-	-		-	25-4-2009	By salary		800
	By Balance B/D		24000				8800
1-5-2009			15200		By Balance C/D		15200
							24000

Capital A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
				1-4-2009	By cash		20000

					By Balance C/D		20000

Purchase A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
2-4-2009	To cash		2000		By Trading		3000
7-4-2009	To Ravi		1000

	By Balance B/D		3000				3000

Sale A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
	By Trading		4000	3-4-2009	By cash		2500
					By Mohan		1500

					By Balance C/D		4000

SBI Bank A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
5-4-2009	To cash		500

	By Balance B/D		500

Ravi A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
7-4-2009	To cash		1000	7-4-2009	Purchases		1000

Mohan A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
10-4-2009	To sale		1500	10-4-2009	By cash		1500

Salary A/C

Date	Particular	J/F	Amount	Date	Particular	J/F	Amount
25-4-2009	To cash		800		By Profit and loss		800
	By Balance B/D		800				800

Create the Trial balance

Total method

Particular	L/F	Debit	Credit
Cash A/C		24000	8800
Capital A/C		-	20000
Purchase A/C		3000	-
Sale A/C		-	4000
SBI A/C		5000	-
Ravi A/C		1000	1000
Mohan A/C		1500	1500
Salary A/C		800	-
		35300	35300

Blance method

Particular	L/F	Debit	Credit
Cash A/C		15200	-
Capital A/C		-	20000
Purchase A/C		3000	-
Sale A/C		-	4000
SBI Bank A/C		5000	-
Salary A/C		800	-

		24000	24000

Total and Balance method

Particular	L/F	Debit	Credit	Particular	L/F	Debit	Credit
Cash A/C		24000	8800	Cash A/C		15200	-
Capital A/C		-	20000	Capital A/C		-	20000
Purchase A/C		3000	-	Purchase A/C		3000	-
Sale A/C		-	4000	Sale A/C		-	4000
SBI A/C		5000	-	SBI Bank A/C		5000	-
Ravi A/C		1000	1000	Salary A/C		800	-
Mohan A/C		1500	1500
Salary A/C		800	-
		35300	35300			24000	24000

Ometing A/C of equal totals methods

Particular	L/F	Debit	Credit
Cash A/C		24000	8800
Capital A/C		-	20000
Purchase A/C		5000	-
Sale A/C		-	4000
SBI Bank A/C		5000	-
Salary A/C		800

		32800	32800

Brijesh kumar maurya

DCA

Roll No. 546

Mob. 9452323932