Page 118 - Agri-Business Management Handbook

L11 Loan from Equity account

Debit Credit

Date Particulars F Amount Date Particulars F Amount
May 21 Balance C/F May 15 140,000
140,000 Bank L02 140,000
140,000 22
140,000
Balance B/F

L12 Wages account

Debit Credit

Date Particulars F Amount Date Particulars F Amount
May 20 2,400 May 21
Cash L07 2,400 Balance C/F 2,400
22 2,400
2,400
Balance B/F

Trial Balance

Account Debits Credits

L01 Capital 89,500 40,000
L02 Bank 130,000
L03 Fittings 16,000
L04 Delivery Truck 200,000
L05 CMC Motors

L06 Purchases 72,000

L07 Cash 3,600 77,000
L08 Sales 60,000
L09 Mobile Wholesalers 63,500
L10 Shah 2,400 140,000
L11 Loan – Equity

L12 Wages

447,000 447,000

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