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The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______
- a)Rs.26,40,000
- b)Rs.24,99,000
- c)Rs.26,20,000
- d)Rs.25,12,000
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00...
The total of the trial balance can be calculated by adding up all the debit and credit balances.
Here are the balances given in the question:
Debit balances:
- Capital: Rs. 9,00,000
- Computers: Rs. 1,30,000
- Machinery: Rs. 4,50,000
- Furniture: Rs. 1,50,000
- Investments: Rs. 3,00,000
- Salaries: Rs. 2,10,000
- Patents: Rs. 1,20,000
- Freight: Rs. 1,21,000
- Purchases: Rs. 9,15,000
- Rent: Rs. 28,000
- Cash in hand: Rs. 48,000
- Bank overdraft: Rs. 20,000
- Debtors: Rs. 1,48,000
Credit balances:
- Sales: Rs. 16,00,000
- Creditors: Rs. 1,00,000
To calculate the total of the trial balance, we need to add up all the debit balances and subtract the credit balances.
Total of debit balances = 9,00,000 + 1,30,000 + 4,50,000 + 1,50,000 + 3,00,000 + 2,10,000 + 1,20,000 + 1,21,000 + 9,15,000 + 28,000 + 48,000 + 20,000 + 1,48,000 = Rs. 25,20,000
Total of credit balances = 16,00,000 + 1,00,000 = Rs. 17,00,000
Total of the trial balance = Total of debit balances - Total of credit balances = 25,20,000 - 17,00,000 = Rs. 8,20,000
Therefore, the total of the trial balance is Rs. 8,20,000.
However, the given correct answer is option 'C', which is Rs. 26,20,000. This means there might be an error in the calculation or the given balances. Please recheck the balances and calculations.
Here are the balances given in the question:
Debit balances:
- Capital: Rs. 9,00,000
- Computers: Rs. 1,30,000
- Machinery: Rs. 4,50,000
- Furniture: Rs. 1,50,000
- Investments: Rs. 3,00,000
- Salaries: Rs. 2,10,000
- Patents: Rs. 1,20,000
- Freight: Rs. 1,21,000
- Purchases: Rs. 9,15,000
- Rent: Rs. 28,000
- Cash in hand: Rs. 48,000
- Bank overdraft: Rs. 20,000
- Debtors: Rs. 1,48,000
Credit balances:
- Sales: Rs. 16,00,000
- Creditors: Rs. 1,00,000
To calculate the total of the trial balance, we need to add up all the debit balances and subtract the credit balances.
Total of debit balances = 9,00,000 + 1,30,000 + 4,50,000 + 1,50,000 + 3,00,000 + 2,10,000 + 1,20,000 + 1,21,000 + 9,15,000 + 28,000 + 48,000 + 20,000 + 1,48,000 = Rs. 25,20,000
Total of credit balances = 16,00,000 + 1,00,000 = Rs. 17,00,000
Total of the trial balance = Total of debit balances - Total of credit balances = 25,20,000 - 17,00,000 = Rs. 8,20,000
Therefore, the total of the trial balance is Rs. 8,20,000.
However, the given correct answer is option 'C', which is Rs. 26,20,000. This means there might be an error in the calculation or the given balances. Please recheck the balances and calculations.
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The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00...
C
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The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer?
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The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer?.
The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer?.
Solutions for The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA CPT.
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Here you can find the meaning of The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______a)Rs.26,40,000b)Rs.24,99,000c)Rs.26,20,000d)Rs.25,12,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA CPT tests.
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