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#### Question 1:

Given below is a Cash Book and Ledger extracts relating to the books of M/s Ram Chander & Sons as at 31st January 2015. You are required to prepare a Trial Balance.

 Dr. Cr. Date Particulars L.F. Cash Bank Date Particulars L.F. Cash Bank 2015 ₹ ₹ 2015 ₹ ₹ Jan. 1 To Capital A/c 5,00,000 Jan. 2 By Bank A/c C 4,30,000 Jan. 2 To Cash A/c C 4,30,000 Jan. 3 By Purchases A/c 42,000 Jan. 10 To Sales A/c 36,000 Jan. 12 To Sales A/c 20,000 Jan. 20 By Mukesh 5,52,000 Jan. 27 By Rent A/c 8,000 Jan. 15 To Navdeep 4,70,000 Jan.18 To Onkareshwar 2,65,000 5,36,000 11,85,000 4,38,000 5,94,000 Jan. 31 By Balance c/d 98,000 5,91,000 5,36,000 11,85,000 5,36,000 11,85,000 Feb. 1 To Balance b/d 98,000 5,91,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2015 ₹ 2015 ₹ Jan. 31 To Balance c/d 5,00,000 Jan. 1 By Cash A/c 5,00,000 Feb.1 By Balance b/d 5,00,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2015 ₹ ₹ Jan. 3 To Bank A/c 42,000 Jan. 31 To Sundries as per Purchase Book 6,40,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount ₹ 2015 ₹ Jan. 31 By Sundries as per Purchase Return Book 10,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount ₹ 2015 ₹ Jan. 10 By Cash A/c 36,000 Jan. 12 By Bank A/c 20,000 Jan. 31 By Sundries as per Sales Book 9,25,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2015 ₹ ₹ Jan. 31 To Sundries as per Sales Return Book 15,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2015 ₹ 2015 ₹ Jan. 7 To Purchase Return A/c 10,000 Jan. 6 By Purchases A/c 6,40,000 Jan. 20 To Bank A/c 5,52,000 Jan. 31 To Balance c/d 78,000 6,40,000 6,40,000 Feb. 1 By Balance b/d 78,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2015 ₹ 2015 ₹ Jan. 13 To Sales A/c 6,00,000 Jan. 15 By Bank A/c 4,70,000 Jan. 31 By Balance c/d 1,30,000 6,00,000 6,00,000 Feb. 1 To Balance b/d 1,30,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2015 ₹ ₹ Jan. 14 To Sales A/c 3,25,000 Jan. 15 By Sales Return A/c 15,000 Jan. 18 By Bank A/c 2,65,000 Jan. 31 By Balance c/d 45,000 3,25,000 3,25,000 Feb. 1 To Balance b/d 45,000

 Dr. Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2015 ₹ ₹ Jan. 27 To Cash A/c 8,000

 Books of M/s Ram Chander & Sons Trial Balance as on January 31, 2015 Name of Accounts L.F. Debit Balance  (Rs) Credit Balance (Rs) Cash 98,000 Bank 5,91,000 Capital 5,00,000 Purchases 6,82,000 Purchases Return 10,000 Sales 9,81,000 Sales Return 15,000 Mukesh 78,000 Navdeep 1,30,000 Onkareshvar 45,000 Rent 8,000 Total 15,69,000 15,69,000

#### Question 2:

From the following balances, taken from the books of M/s Dwarka Parshad & Sons as at 31st March 2017, prepare a Trial Balance in proper form :−

 Name of Accounts (₹) Name of Accounts (₹) Cash in Hand 4,500 Machinery 24,000 Bank Overdraft 8,000 Land & Buildings 50,000 Opening Stock 20,000 Debtors 18,400 Purchases 80,000 Creditors 8,500 Purchases Returns 2,000 Bills Receivable 2,850 Sales 1,30,000 Bills Payable 1,650 Sales Returns 5,000 Capital 60,000 Travelling Expenses 1,800 Drawings 6,000 Discount Allowed 600 Rent 3,700 Discount Received 1,500 Salaries 3,600 Loan (Cr.) 10,000 Interest on Loan 1,200

 Books of Sh. Dwarka Prashad Trial Balance as on March 31, 2017 Name of Accounts L.F. Debit  Balance (Rs) Credit Balance (Rs) Cash in Hand 4,500 Overdraft 8,000 Opening Stock 20,000 Purchases 80,000 Purchases Return 2,000 Sales 1,30,000 Sales Return 5,000 Travelling Expenses 1,800 Discount Allowed 600 Discount Received 1,500 Machinery 24,000 Land & Building 50,000 Debtors 18,400 Creditors 8,500 Bills Receivable 2,850 Bills Payable 1,650 Capital 60,000 Drawings 6,000 Rent 3,700 Salary 3,600 Loan 10,000 Interest on Loan 1,200 – Total 2,21,650 2,21,650

#### Question 3(A):

Prepare a Trial Balance from the following balances as at 31st March 2017 :−

 (₹) (₹) Stock on 1-4-2016 28,800 Returns Inwards 7,500 Purchases 82,000 Returns Outwards 5,600 Sales 1,60,000 Carriage Inwards 1,640 Wages 16,160 Carriage Outwards 3,200 Salaries 6,400 Furniture 12,000 Repair Charges 500 Motor Car 80,000 Commission Received 800 Cash in Hand 4,700 Sundry Debtors 24,200 Bank Overdraft 25,400 Sundry Creditors 7,300 Investments 20,000 Capital 90,000 Interest on Investments 2,400 Drawings 4,400

 Trial Balance as on March 31, 2017 Name of Accounts L.F. Debit Balance (Rs) Credit Balance (Rs) Stock 28,800 Purchases 82,000 Sales 1,60,000 Salary 6,400 Repair Charges 500 Wages 16,160 Commission Received 800 Sundry Debtors 24,200 Sundry Creditors 7,300 Capital 90,000 Drawings 4,400 Return Inwards 7,520 Return Outwards 5,600 Carriage Inwards 1,640 Carriage Outwards 3,200 Furniture 12,000 Motor Car 80,000 Cash In Hand 4,700 Bank Overdraft 25,400 Investment 20,000 Interest on Investment 2,400 Total 2,91,500 2,91,500

#### Question 3(B):

Prepare a Trial Balance from the following balances taken as at 31st March 2017 :−

 (₹) (₹) Capital 2,50,000 Purchases 2,15,300 Drawings 24,000 Sales 3,80,000 Debtors 57,000 Miscellaneous Expenses 8,200 Creditors 28,500 Miscellaneous Receipts 3,600 Land & Building 1,80,000 Bad Debts 7,100 Plant 1,20,000 Bills Receivable 5,000 Stock on 1-4-2016 22,800 Loan from X 20,000 Factory Expenses 16,600 Interest on X's Loan 3,000 Office Expenses 7,700 Cash in hand 8,400 Purchases Return 6,000 Goodwill 10,000 Stationery 500 Freight 2,500

 Trial Balance as on March 31, 2017 Name of Accounts L.F. Debit Balance (Rs) Credit Balance (Rs) Capital 2,50,000 Drawings 24,000 Debtors 57,000 Creditors 28,500 Land & Building 1,80,000 Plant 1,20,000 Stock on 1-4-2007 22,800 Factory Expenses 16,600 Office Expenses 7,700 Purchases Return 6,000 Stationery 500 Freight 2,500 Purchases 2,15,300 Sales 3,80,000 Miscellaneous Expenses 8,200 Miscellaneous Receipts 3,600 Bad Debts 7,100 Bills Receivable 5,000 Loan from X 20,000 Interest on X’s Loan 3,000 Cash 8,400 Goodwill 10,000 Total 6,88,100 6,88,100

#### Question 4:

Following balances were extracted from the books of Ravinder Associates as at 31st March, 2017 :

 (₹) (₹) Sundry Debtors 4,10,000 Stock (April 1, 2016) 2,30,000 Sundry Creditors 80,000 Premises 12,00,000 Rent and Taxes 48,000 Fixtures & Fittings 3,10,000 Purchases 34,00,000 Bad Debts written off 8,000 Sales 56,00,000 Rent received from sub-let of part of premises 30,000 Trade Expenses 12,000 Loan from Mukul 1,50,000 Returns Outwards 80,000 Interest on Mukul's Loan 15,000 Returns Inwards 1,20,000 Drawings 40,000 Expenses 4,000 Cash in hand 75,000 Motor Vehicles 6,50,000 Stock on 31st March, 2017 Electricity 25,000 (not adjusted) 3,80,000

You are required to prepare the trial balance treating the difference as his capital.

 Books of  Ravinder Associates Trial Balance as on March 31, 2017 Name of Accounts L.F. Debit Balance (Rs) Credit Balance (Rs) Sundry Debtors 4,10,000 Sundry Creditors 80,000 Rent & Taxes 48,000 Purchases 34,00,000 Sales 56,00,000 Trade Expenses 12,000 Return Outwards 80,000 Return Inwards 1,20,000 Expenses 4,000 Motor Vehicles 6,50,000 Electricity 25,000 Opening Stock (on April 01, 2004) 2,30,000 Premises 12,00,000 Fixture & Fittings 3,10,000 Bad Debts written off 8,000 Loan from Mukul 1,50,000 Interest on Mukul’s Loan 15,000 Drawings 40,000 Cash in Hand 75,000 Rent received from Sub-let of part of Premises 30,000 Capital (Balancing Figure) 6,07,000 Total 65,47,000 65,47,000

Note: Closing Stock of Rs 3,80,000 will not appear in Trial Balance, because it has not been accounted yet.

#### Question 5:

The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form :−

 Name of Accounts Balance Dr. Balance Cr. ₹ ₹ Land and Building 1,20,000 Plant and Machinery 92,000 Wages 18,200 Discount Allowed 1,620 Discount Received 730 Purchases 1,26,000 Sales 2,40,000 Return Inwards 6,500 Return Outwards 3,370 Opening Stock 15,000 Debtors 30,000 Creditors 20,000 Carriage on Sales 3,280 Carriage on Purchase 2,800 Insurance 1,500 General Expenses 6,100 Cash in Hand 2,400 Bank Overdraft 12,100 Capital 1,54,000 Drawings 4,800 Total 4,30,200 4,30,200

 Trial Balance Name of Accounts L.F. Debit Balance (Rs) Credit Balance (Rs) Land & Building 1,20,000 Plant & Machinery 92,000 Wages 18,200 Discount Allowed 1,620 Discount Received 730 Purchases 1,26,000 Sales 2,40,000 Return Inwards 6,500 Return Outwards 3,370 Opening Stock 15,000 Debtors 30,000 Creditors 20,000 Carriage on Sales 3,280 Carriage on Purchases 2,800 Insurance A/c 1,500 General Expenses 6,100 Cash in Hand 2,400 Bank Overdraft 12,100 Capital 1,54,000 Drawings 4,800 Total 4,30,200 4,30,200

#### Question 6:

Following is the Trial Balance as at 31st March, 2015 :

 Heads of Account L.F. Debit Credit ₹ ₹ Capital 3,20,000 Fixed Assets 1,80,000 Drawings 60,000 Debtors 2,40,000 Creditors 1,80,000 Purchases 7,10,000 Sales 10,50,000 Bank Balance 45,000 Cash in Hand 30,000 Salary 1,65,000 Rent 1,20,000 15,50,000 15,50,000

Having prepared the Trial Balance, it was discovered that following transactions remained unrecorded :
(i) Goods were sold on credit amounting to ₹ 40,000.
(ii) Paid to creditors ₹ 22,000 by cheque.
(iii) Goods worth ₹ 7,000 were returned to a supplier.
(iv) Paid salary ₹ 15,000 by cheque.
Required:
(i) Pass Journal entries for the above mentioned transactions and post them into Ledger.
(ii) Redraft the Trial Balance.

 Books of Sh. Venkteshwar Journal Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs) i. Debtors A/c Dr. 40,000 To Sales A/c 40,000 (Goods sold on credit) ii. Creditors A/c Dr. 22,000 To Bank A/c 22,000 (Cheque given to creditors) iii. Creditors A/c Dr. 7,000 To Purchases Return A/c 7,000 (Goods returned to a supplier) iv. Salary A/c Dr. 15,000 To Bank A/c 15,000 (Salary paid)

 Debtors Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) Balance b/d 2,40,000 Balance c/d 2,80,000 Sales A/c 40,000 2,80,000 2,80,000 Balance b/d 2,80,000
 Sales Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) Balance c/d 10,90,000 Balance b/d 10,50,000 Debtors A/c 40,000 10,90,000 10,90,000 Balance b/d 10,90,000

 Creditors Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) Bank A/c 22,000 Balance b/d 1,80,000 Purchases Return 7,000 Balance c/d 1,51,000 1,80,000 1,80,000 Balance b/d 1,51,000

 Bank Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) Balance b/d 45,000 Creditors A/c 22,000 Salary A/c 15,000 Balance c/d 8,000 45,000 45,000 Balance b/d 8,000
 Purchases Return Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) Balance c/d 7,000 Creditors A/c 7,000 7,000 7,000 Balance b/d 7,000

 Salary Account Dr. Cr. Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs) Balance b/d 1,65,000 Balance c/d 1,80,000 Bank A/c 15,000 1,80,000 1,80,000 Balance b/d 1,80,000

 Trial Balance as on March 31, 2015 Name of Accounts L.F. Debit Balance (Rs) Credit Balance (Rs) Capital 3,20,000 Fixed Assets 1,80,000 Drawings 60,000 Debtors 2,80,000 Creditors 1,51,000 Purchases 7,10,000 Sales 10,90,000 Bank Balance 8,000 Cash in Hand 30,000 Salary 1,80,000 Rent 1,20,000 Purchases Return 7,000 Total 15,68,000 15,68,000

#### Question 7:

The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in a correct form and give necessary notes : −

 TRIAL BALANCE for the year ending 31st March, 2017
 Particulars Amount Particulars Amount ₹ ₹ Cash in Hand 5,200 Bank Overdraft 16,400 Plant & Machinery 75,000 Capital 50,000 Typewriter 6,400 Goodwill 8,000 Stock (1-4-2016) 13,100 Sundry Creditors 8,200 Purchases 84,100 Sales 1,60,000 Carriage Inwards 2,800 Return Inwards 2,400 Carriage Outwards 1,600 Drawings 2,120 Sundry Debtors 18,300 Investments 4,000 Bills Payable 12,000 Rent Paid 9,600 Wages 16,500 Advertisement 4,500 Discount Received 3,200 2,52,300 2,51,120

 Trial Balance as on March 31, 2017 Name of Accounts L.F. Debit  Balance (Rs) Credit Balance (Rs) Cash in Hand 5,200 Plant & Machinery 75,000 Typewriter 6,400 Stock (1-4-2003) 13,100 Purchases 84,100 Carriage Inwards 2,800 Carriage Outwards 1,600 Sundry Debtors 18,300 Bills Payable 12,000 Rent Paid 9,600 Wages 16,500 Advertisement 4,500 Discount Received 3,200 Bank Overdraft 16,400 Capital 50,000 Goodwill 8,000 Sundry Creditors 8,200 Sales 1,60,000 Return Inwards 2,400 Drawings 2,120 Investment 4,000 Suspense A/c (Balancing Figure) 3,820 Total 2,53,620 2,53,620

Note: Since, the Trial Balance does not tally, thus, the difference of Rs 3,820 is transferred to the Credit Balance Column of Trial Balance.

#### Question 8:

A book-keeper extracted the following Trial Balance as at 31st March, 2017 :

 Name of Accounts Balance Dr. Balance Cr. ₹ ₹ Stock on 1.4.2016 2,50,000 Purchases 6,50,000 Sales 10,00,000 Motor Vans 3,80,000 Debtors and Creditors 1,50,000 94,000 Premises 3,00,000 Shop fittings 20,000 Interest on Bank Overdraft 16,000 Purchases Returns 10,000 Sales Returns 20,000 Lighting and heating 18,000 Capital 5,00,000 Discount Received 2,000 Repairs 2,500 Electricity 6,500 Bank Overdraft 2,00,000 Stock on 31.3.2017 3,30,000 Rent from subletting 15,000 Bills Receivable 8,000 Suspense Account (difference in books) 13,000 Total 19,92,500 19,92,500

You are required to redraft the trial balance correctly.

 Trial Balance as on March 31, 2017 Name of Accounts L.F. Debit  Balance (Rs) Credit Balance (Rs) Stock on 1.4.2004 2,50,000 Purchases 6,50,000 Sales 10,00,000 Motor Van 3,80,000 Debtors 1,50,000 Creditors 94,000 Premises 3,00,000 Shop Fittings 20,000 Interest on Bank Overdraft 16,000 Purchases Return 10,000 Sales Return 20,000 Lighting & Heating 18,000 Capital 5,00,000 Discount Received 2,000 Repairs 2,500 Electricity 6,500 Bank Overdraft 2,00,000 Rent from subletting 15,000 Bills Receivable 8,000 Total 18,21,000 18,21,000

Note: Closing Stock of Rs 3,30,000 will not appear in Trial Balance, because it has not been accounted yet.

#### Question 9:

From the following ledger balances prepare trial balance :
Capital ₹ 20,800, Rent outstanding ₹ 1,420, Amount due to Param, ₹ 15,000, Drawing ₹ 2,800, Goodwill ₹ 12,000, Interest received ₹ 2,000, Discount received ₹ 1,580, Amount due from Deepan ₹ 26,000.