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Given an example for adjusted trial balance
Refer the data given below to prepare an adjusted trial balance −
CBS ltd Trial Balance 31-03-2007 | ||||
---|---|---|---|---|
Particulars | Debit (in rupees) | Credit (in rupees) | ||
Debtor | 200000 | |||
Salary | 35000 | |||
Rent | 55000 | |||
Cash | 50000 | |||
Sales | 250000 | |||
Purchases | 60000 | |||
Furniture | 25000 | |||
Loan | 135000 | |||
Creditors | 40000 | |||
Total | 425000 | 425000 |
Adjustments are made in salary and rent
Salary due = Rs. 55000
Rent (refundable deposit) included = Rs. 30000
Adjusted entries
The adjusted entries are as follows −
Salary account | ||||
---|---|---|---|---|
To balance b/d | 35000 | |||
To outstanding salary | 55000 | By balance c/d | 90000 | |
90000 | 90000 |
Rent account | ||||
---|---|---|---|---|
To balance b/d | 55000 | By rent deposited | 30000 | |
By balance c/d | 25000 | |||
55000 | 55000 |
Adjusted trial balance
The adjusted trial balance for the given data is as follows −
CBS ltd Adjusted Trial balance 31-03-2007 | ||||
---|---|---|---|---|
Particulars | Debit (in rupees) | Credit (in rupees) | ||
Debtor | 200000 | |||
Salary | 90000 | |||
Rent | 25000 | |||
Rent deposit | 30000 | |||
Cash | 50000 | |||
Sales | 250000 | |||
Purchases | 60000 | |||
Furniture | 25000 | |||
Loan | 135000 | |||
Creditors | 40000 | |||
Outstanding salary | 55000 | |||
Total | 480000 | 480000 |
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