Note on Trial Balance Discrepancy:

Question 1

Answer · 2026-05-04T14:38:33.358Z

Here's the preparation of the Trading and Profit & Loss Account and the Balance Sheet for M/s Sathyam trader's. Note on Trial Balance Discrepancy: The provided Trial Balance does not tally. Total Debit Balances = Rs. 3,86,500 Total Credit Balances = Rs. 3,86,400 There is a difference of Rs. 100 (Debit side is higher). This difference is typically placed in a Suspense Account. For the Balance Sheet to tally, a Suspense Account with a credit balance of Rs. 100 will be shown on the Liabilities side. Step 1: Prepare the Trading Account. The Trading Account calculates the Gross Profit or Gross Loss by

Question 2

Here's the preparation of the Trading and Profit & Loss Account and the Balance Sheet for M/s Sathyam trader's. Note on Trial Balance Discrepancy: The provided Trial Balance does not tally. Total Debit Balances = Rs. 3,86,500 Total Credit Balances = Rs. 3,86,400 There is a difference of Rs. 100 (Debit side is higher). This difference is typically placed in a Suspense Account. For the Balance Sheet to tally, a Suspense Account with a credit balance of Rs. 100 will be shown on the Liabilities side. Step 1: Prepare the Trading Account. The Trading Account calculates the Gross Profit or Gross Loss by

Note on Trial Balance Discrepancy:

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