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Consider the following ledger balances: Capital Rs.4,00,000, Computer Rs. 25,000, Air conditioner and furniture Rs. 1,00,000, Fixed Deposits Rs. 2,00,000, Salaries Rs. 8,00,000, Fees received Rs. 12,00,000, Travelling expenses Rs. 1,50,000, Rent and office expenses Rs. 2,40,000, Cash balances Rs. 1,80,000. Bank overdraft Rs. 95,000. The total of trial balance will be?
Most Upvoted Answer
Consider the following ledger balances: Capital Rs.4,00,000, Computer ...
Calculation of Total of Trial Balance

Given below are the ledger balances:


  • Capital Rs.4,00,000

  • Computer Rs. 25,000

  • Air conditioner and furniture Rs. 1,00,000

  • Fixed Deposits Rs. 2,00,000

  • Salaries Rs. 8,00,000

  • Fees received Rs. 12,00,000

  • Travelling expenses Rs. 1,50,000

  • Rent and office expenses Rs. 2,40,000

  • Cash balances Rs. 1,80,000

  • Bank overdraft Rs. 95,000


To calculate the total of trial balance, we need to add all the debit balances and credit balances separately. The total of debit balances should equal to the total of credit balances.


Debit Balances


  • Computer Rs. 25,000

  • Air conditioner and furniture Rs. 1,00,000

  • Fixed Deposits Rs. 2,00,000

  • Salaries Rs. 8,00,000

  • Travelling expenses Rs. 1,50,000

  • Rent and office expenses Rs. 2,40,000

  • Cash balances Rs. 1,80,000

  • Bank overdraft Rs. 95,000


Total of debit balances = Rs. 16,90,000


Credit Balances


  • Capital Rs.4,00,000

  • Fees received Rs. 12,00,000


Total of credit balances = Rs. 16,00,000


Total of Trial Balance

As we can see, the total of debit balances is Rs. 16,90,000 and the total of credit balances is Rs. 16,00,000. Therefore, the total of trial balance is:

Total of trial balance = Total of debit balances - Total of credit balances

Total of trial balance = Rs. 90,000
Community Answer
Consider the following ledger balances: Capital Rs.4,00,000, Computer ...
Total is 2845000
or may be 1645000
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Consider the following ledger balances: Capital Rs.4,00,000, Computer Rs. 25,000, Air conditioner and furniture Rs. 1,00,000, Fixed Deposits Rs. 2,00,000, Salaries Rs. 8,00,000, Fees received Rs. 12,00,000, Travelling expenses Rs. 1,50,000, Rent and office expenses Rs. 2,40,000, Cash balances Rs. 1,80,000. Bank overdraft Rs. 95,000. The total of trial balance will be?
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