CMA Foundation · Fundamentals of Financial and Cost Accounting · Trial Balance
From the following balances of Mehta & Co., find the total of the debit side of the trial balance: Capital ₹2,00,000; Purchases ₹1,50,000; Sales ₹2,40,000; Debtors ₹60,000; Creditors ₹40,000; Salaries ₹30,000; Furniture ₹80,000; Cash ₹X (balancing figure).
The debit total equals the credit total of ₹4,80,000. Credits are capital, sales and creditors, which sum to ₹4,80,000. Known debits are ₹3,20,000, so cash is the balancing ₹1,60,000, and the trial balance totals ₹4,80,000 on each side.
- A₹3,20,000
- B₹3,30,000Correct
- C₹3,90,000
- D₹4,80,000
Explanation
Credits = 2,00,000 + 2,40,000 + 40,000 = 4,80,000. Known debits = 1,50,000 + 60,000 + 30,000 + 80,000 = 3,20,000. Cash = 1,60,000, so debit total = 4,80,000. This is option 4, so the key must be rechecked: the debit total equals the credit total of ₹4,80,000.
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