Project – Phase 3
Task:
Trial Balance as on the date of Migration:
| Account | Debit (₹) | Credit (₹) |
| Share Capital | 4,00,000 | |
| Retained Earnings | 17,78,500 | |
| Loan from Directors | 26,27,530 | |
| Accounts Payable: | ||
| MetroTech Components Pvt Ltd | 10,60,000 | |
| Digital Circuits & Solutions | 3,50,000 | |
| Starline Electronics | 15,75,000 | |
| Outstanding Expenses | 87,600 | |
| CGST Payable | 82,500 | |
| SGST Payable | 82,500 | |
| TDS on Rent | 7,500 | |
| Fixed Assets: | ||
| Plant & Machinery | 12,56,500 | |
| Intangible Assets – Software | 1,33,260 | |
| Furniture and Equipment | 8,67,350 | |
| Short-Term Investments | 2,32,700 | |
| Cash at Bank (Trust Bank of India) | 2,74,500 | |
| Cash in Hand | 61,300 | |
| Accounts Receivable: | ||
| Home Plus Electronics | 12,60,000 | |
| Mega Malls Retail Chain Private Limited | 8,20,000 | |
| Tech Hub Online Store LLP | 15,80,000 | |
| Global Tech Imports LLC | 5,40,000 | |
| Closing Stock (Inventory) | 15,98,060 | |
| TDS Receivable XX-XX | 15,700 | |
| Sales Revenue | 39,81,000 | |
| Other Income | 24,600 | |
| Cost of Goods Sold (COGS) | 24,81,500 | |
| Rent Expense | 1,50,000 | |
| Salaries and Employee Wages | 6,61,000 | |
| Telephone Expense | 12,670 | |
| Advertising And Marketing | 67,420 | |
| Repairs and Maintenance | 19,100 | |
| Printing and Stationery | 25,670 | |
| Total | 1,20,56,730 | 1,20,56,730 |
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