20 October 2013
a started business with $20,000 cash and $11,000 stock.cash sales and cash purchases were $10,000 and $5,000. total sales and purchases amounted to $70,000 $50,000. outstanding creditors were $15,000 and debtors $25,000 .expenses paid $17,000.machine was purchased for $10,000 out of which $8,000 has been paid.trial balance total will be:
answer: $1,18,000
how? its a bit tricky? can anyone solve this? pls!