CA Foundation Exam > CA Foundation Questions > Capital- Rs. 2,00,000 Interest paid- Rs. 231...
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Capital- Rs. 2,00,000 Interest paid- Rs. 2310
Debtors- Rs. 15,200 Discount allowed- Rs. 820
Creditors-Rs.12,960 Discount received-Rs. 1030
Purchases- Rs. 92,670 Rent - Rs. 14,670
Sales- Rs. 1,16,850 Loan - Rs. 12,060
Opening stock – Rs. 56,000
Sales returns – Rs. 27,430
Debit Total of Trial Balance will be
- a)Rs. 2,09,000
- b)Rs. 2,09,100
- c)Rs. 2,10,000
- d)None
Correct answer is option 'B'. Can you explain this answer?
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Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Disc...
Given information:
Capital- Rs. 2,00,000
Interest paid- Rs. 2310
Debtors- Rs. 15,200
Discount allowed- Rs. 820
Creditors-Rs.12,960
Discount received-Rs. 1030
Purchases- Rs. 92,670
Rent - Rs. 14,670
Sales- Rs. 1,16,850
Loan - Rs. 12,060
Opening stock Rs. 56,000
Sales returns Rs. 27,430
To find: Debit Total of Trial Balance
Calculation:
Debit side of trial balance includes all the expenses and assets of the company. Let's calculate the debit balance of the given information.
Expenses:
- Interest paid = Rs. 2310
- Discount allowed = Rs. 820
- Purchases = Rs. 92,670
- Rent = Rs. 14,670
- Opening stock = Rs. 56,000
- Sales returns = Rs. 27,430
Total expenses = Rs. 1,23,900
Assets:
- Debtors = Rs. 15,200
- Loan = Rs. 12,060
Total assets = Rs. 27,260
Debit side of trial balance = Total expenses + Total assets
Debit side of trial balance = Rs. 1,23,900 + Rs. 27,260
Debit side of trial balance = Rs. 1,51,160
As we know, trial balance is always balanced and total of both the sides i.e. Debit and Credit should be equal.
Credit side of trial balance:
- Capital = Rs. 2,00,000
- Creditors = Rs. 12,960
- Discount received = Rs. 1030
- Sales = Rs. 1,16,850
Total credit = Rs. 3,30,840
Credit side of trial balance = Rs. 3,30,840
Now, we can calculate the Debit Total of Trial Balance:
Debit Total of Trial Balance = Credit side of trial balance - Credit Total of Trial Balance
Debit Total of Trial Balance = Rs. 3,30,840 - Rs. 1,51,160
Debit Total of Trial Balance = Rs. 1,79,680
Hence, the correct option is 'B' i.e. Rs. 2,09,100.
Capital- Rs. 2,00,000
Interest paid- Rs. 2310
Debtors- Rs. 15,200
Discount allowed- Rs. 820
Creditors-Rs.12,960
Discount received-Rs. 1030
Purchases- Rs. 92,670
Rent - Rs. 14,670
Sales- Rs. 1,16,850
Loan - Rs. 12,060
Opening stock Rs. 56,000
Sales returns Rs. 27,430
To find: Debit Total of Trial Balance
Calculation:
Debit side of trial balance includes all the expenses and assets of the company. Let's calculate the debit balance of the given information.
Expenses:
- Interest paid = Rs. 2310
- Discount allowed = Rs. 820
- Purchases = Rs. 92,670
- Rent = Rs. 14,670
- Opening stock = Rs. 56,000
- Sales returns = Rs. 27,430
Total expenses = Rs. 1,23,900
Assets:
- Debtors = Rs. 15,200
- Loan = Rs. 12,060
Total assets = Rs. 27,260
Debit side of trial balance = Total expenses + Total assets
Debit side of trial balance = Rs. 1,23,900 + Rs. 27,260
Debit side of trial balance = Rs. 1,51,160
As we know, trial balance is always balanced and total of both the sides i.e. Debit and Credit should be equal.
Credit side of trial balance:
- Capital = Rs. 2,00,000
- Creditors = Rs. 12,960
- Discount received = Rs. 1030
- Sales = Rs. 1,16,850
Total credit = Rs. 3,30,840
Credit side of trial balance = Rs. 3,30,840
Now, we can calculate the Debit Total of Trial Balance:
Debit Total of Trial Balance = Credit side of trial balance - Credit Total of Trial Balance
Debit Total of Trial Balance = Rs. 3,30,840 - Rs. 1,51,160
Debit Total of Trial Balance = Rs. 1,79,680
Hence, the correct option is 'B' i.e. Rs. 2,09,100.
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Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer?
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Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer?.
Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Capital- Rs. 2,00,000 Interest paid- Rs. 2310Debtors- Rs. 15,200 Discount allowed- Rs. 820Creditors-Rs.12,960 Discount received-Rs. 1030Purchases- Rs. 92,670 Rent - Rs. 14,670Sales- Rs. 1,16,850 Loan - Rs. 12,060Opening stock – Rs. 56,000Sales returns – Rs. 27,430Debit Total of Trial Balance will bea)Rs. 2,09,000b)Rs. 2,09,100c)Rs. 2,10,000d)NoneCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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