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Page No 13.23:
Question 1:
Prepare a Trial Balance with the following information:
| Sr. No | Name of Account | Balance (₹) |
Sr. No | Name of Account | Balance (₹) |
|
(i)
(iii)
(v)
(vii)
|
Capital Cash Creditors Sales |
2,00,000
1,80,000
1,00,000
3,00,000
|
(ii)
​(iv) (vi)
(viii)
|
Stock Debtors Bank Loan Purchases |
70,000
3,00,000
1,50,000
2,00,000
|
Answer:
|
Trial Balance |
|||
|
S. No. |
Account Title |
Debit Balance (Rs) |
Credit Balance (Rs) |
|
(i) |
Capital |
|
2,00,000 |
|
(ii) |
Stock |
70,000 |
|
|
(iii) |
Cash |
1,80,000 |
|
|
(iv) |
Debtors |
3,00,000 |
|
|
(v) |
Creditors |
|
1,00,000 |
|
(vi) |
Bank Loan |
|
1,50,000 |
|
(vii) |
Sales |
|
3,00,000 |
|
(viii) |
Purchases |
2,00,000 |
|
|
|
|
7,50,000 |
7,50,000 |
|
|
|
|
|
Page No 13.23:
Question 2:
​​Journalise the following transactions, post them into Ledger and prepare a Trial Balance:
|
|
|||||
| 2019 | (₹) | 2019 | (₹) | ||
|
April 1
|
Mohan commenced business with cash
|
1,00,000 | April 20 | Received cash from Gopal | 3,950 |
| April 3 | Bought goods | 5,000 | Discount Allowed | 50 | |
| April 4 | Sold goods to Gopal | 4,000 | April 25 | Paid wages | 700 |
| April 10 | Bought goods from Ram | 8,000 | April 27 | Paid to Ram in full settlement | 7,700 |
|
April 15
|
Paid trade expenses
|
2,000 | April 30 | Paid rent | 1,500 |
Answer:
|
Books of Mohan Journal |
|||||
|
Date |
Particular |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
|
2019 |
|
|
|
|
|
|
April 01 |
Cash A/c |
Dr. |
|
1,00,000 |
|
|
|
To Capital A/c |
|
|
1,00,000 |
|
|
|
(Commenced business with Cash) |
|
|
|
|
|
|
|
|
|
|
|
|
April 03 |
Purchases A/c |
Dr. |
|
5,000 |
|
|
|
To Cash A/c |
|
|
5,000 |
|
|
|
(Bought goods) |
|
|
|
|
|
|
|
|
|
|
|
|
April 04 |
Gopal |
Dr. |
|
4,000 |
|
|
|
To Sales A/c |
|
|
4,000 |
|
|
|
(Goods Sold to Gopal) |
|
|
|
|
|
|
|
|
|
|
|
|
April 10 |
Purchases A/c |
Dr. |
|
8,000 |
|
|
|
To Ram |
|
|
8,000 |
|
|
|
(Bought goods from Ram) |
|
|
|
|
|
|
|
|
|
|
|
|
April 15 |
Trade Expenses A/c |
Dr. |
|
2,000 |
|
|
|
To Cash A/c |
|
|
2,000 |
|
|
|
(Paid trade expenses) |
|
|
|
|
|
|
|
|
|
|
|
|
April 20 |
Cash A/c |
Dr. |
|
3,950 |
|
|
|
Discount Allowed A/c |
Dr. |
|
50 |
|
|
|
To Gopal |
|
|
4,000 |
|
|
|
(Cash received from Gopal and discount allowed) |
|
|
|
|
|
|
|
|
|
|
|
|
April 25 |
Wages A/c |
Dr. |
|
700 |
|
|
|
To Cash |
|
|
700 |
|
|
|
(Paid Wages) |
|
|
|
|
|
|
|
|
|
|
|
|
April 27 |
Ram |
Dr. |
|
8,000 |
|
|
|
To Cash A/c |
|
|
7,700 |
|
|
|
To Discount Received A/c |
|
|
300 |
|
|
|
(Paid to Ram and discount received from him) |
|
|
|
|
|
|
|
|
|
|
|
|
April 30 |
Rent A/c |
Dr. |
|
1,500 |
|
|
|
To Cash A/c |
|
|
1,500 |
|
|
|
(Paid Rent) |
|
|
|
|
|
Cash Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 01 |
Capital |
|
1,00,000 |
April 03 |
Purchases |
|
5,000 |
|
|
April 20 |
Gopal |
|
3,950 |
April 15 |
Trade Expenses |
|
2,000 |
|
|
|
|
|
|
April 25 |
Wages |
|
700 |
|
|
|
|
|
|
April 27 |
Ram |
|
7,700 |
|
|
|
|
|
|
April 30 |
Rent |
|
1,500 |
|
|
|
|
|
|
|
Balance c/d |
|
87,050 |
|
|
|
|
|
1,03,950 |
|
|
|
1,03,950 |
|
|
|
|
|
|
|
|
|
|
|
|
Capital Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 30 |
Balance c/d |
|
1,00,000 |
April 01 |
Cash |
|
1,00,000 |
|
|
|
|
|
1,00,000 |
|
|
|
1,00,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 03 |
Cash |
|
5,000 |
April 30 |
Balance c/d |
|
13,000 |
|
|
April 10 |
Ram |
|
8,000 |
|
|
|
|
|
|
|
|
|
13,000 |
|
|
|
13,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Sales Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 30 |
Balance c/d |
|
4,000 |
April 04 |
Gopal |
|
4,000 |
|
|
|
|
|
4,000 |
|
|
|
4,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Gopals’ Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 04 |
Sales |
|
4,000 |
April 20 |
Cash |
|
3,950 |
|
|
|
|
|
|
April 20 |
Discount Allowed |
|
50 |
|
|
|
|
|
4,000 |
|
|
|
4,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Ram’s Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 27 |
Cash |
|
7,700 |
April 10 |
Purchases |
|
8,000 |
|
|
|
Discount Received |
|
300 |
|
|
|
|
|
|
|
|
|
8,000 |
|
|
|
8,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Trade Expenses Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 15 |
Cash |
|
2,000 |
April 30 |
Balance c/d |
|
2,000 |
|
|
|
|
|
2,000 |
|
|
|
2,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Discount Received Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 20 |
Balance c/d |
|
300 |
April 20 |
Ram |
|
300 |
|
|
|
|
|
300 |
|
|
|
300 |
|
|
|
|
|
|
|
|
|
|
|
|
Wages Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 25 |
Cash |
|
700 |
April 30 |
Balance c/d |
|
700 |
|
|
|
|
|
700 |
|
|
|
700 |
|
|
|
|
|
|
|
|
|
|
|
|
Discount Allowed Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 27 |
Gopal |
|
50 |
April 01 |
Balance c/d |
|
50 |
|
|
|
|
|
50 |
|
|
|
50 |
|
|
|
|
|
|
|
|
|
|
|
|
Rent Account |
||||||||
|
Dr. |
|
Cr. |
||||||
|
Date |
Particulars |
J.F |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
2019 |
|
|
|
|
|
April 30 |
Cash |
|
1,500 |
April 30 |
Balance c/d |
|
1,500 |
|
|
|
|
|
1,500 |
|
|
|
1,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Trial Balance |
||||
|
S. No. |
Account Title |
L.F. |
Debit Balance (₹) |
Credit Balance (₹) |
|
(i) |
Cash |
|
87,050 |
|
|
(ii) |
Capital |
|
|
1,00,000 |
|
(iii) |
Sales |
|
|
4,000 |
|
(iv) |
Trade Expenses |
|
2,000 |
|
|
(v) |
Discount Received |
|
|
300 |
|
(vi) |
Wages |
|
700 |
|
|
(vii) |
Discount Allowed |
|
50 |
|
|
(viii) |
Rent |
|
1,500 |
|
|
(ix) |
Purchases |
|
13,000 |
|
|
|
|
|
1,04,300 |
1,04,300 |
|
|
|
|
|
|
Page No 13.23:
Question 3:
​Prepare the Trial Balance of Ankit as on 31st March, 2019. He has omitted to open a Capital Account:
|
|
|
|
|||
| ₹ | ₹ | ||||
| Bank Overdraft | 85,000 | Purchases | 4,45,000 | ||
| Sales | 8,10,000 | Cash in Hand | 8,500 | ||
| Purchases Return | 22,500 | Creditors | 2,15,000 | ||
| Debtors | 4,00,500 | Sales Return | 15,750 | ||
| Wages | 96,000 | Equipment | 25,000 | ||
| Capital | ? | Opening Stock | 3,00,500 | ||
Answer:
|
Trial Balance
as on March 31, 2019
|
|||
|
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
|
1
|
Bank Overdraft |
|
85,000
|
|
2
|
Sales |
|
8,10,000
|
|
3
|
Purchases Return |
|
22,500
|
|
4
|
Debtors |
4,00,500
|
|
|
5
|
Wages |
96,000
|
|
|
6
|
Capital |
|
1,58,750
|
|
7
|
Purchases |
4,45,000
|
|
|
8
|
Cash in hand |
8,500
|
|
|
9
|
Creditors |
|
2,15,000
|
|
10
|
Sales Return |
15,750
|
|
|
11
|
Equipment |
25,000
|
|
|
12
|
Opening Stock |
3,00,500
|
|
|
|
Total |
12,91,250
|
12,91,250
|
Page No 13.23:
Question 4:
Prepare a Trial Balance from the following items:
| ₹ | ₹ | ||||
| Capital | 24,000 | Building | 12,000 | ||
| Opening Stock | 8,500 | Returns Inward | 1,900 | ||
| Furniture | 2,600 | Returns Outward | 350 | ||
| Purchases | 8,950 | Trade Expenses | 1,000 | ||
| Cash | 7,300 | Discount Received | 970 | ||
| Carriage | 300 | Salary | 3,000 | ||
| Sales | 22,500 | Office Rent | 2,270 | ||
Answer:
|
Trial Balance
as on March 31, 2018
|
|||
|
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
|
1
|
Capital |
|
24,000
|
|
2
|
Opening Stock |
8,500
|
|
|
3
|
Furniture |
2,600
|
|
|
4
|
Purchases |
8,950
|
|
|
5
|
Cash |
7,300
|
|
|
6
|
Carriage |
300
|
|
|
7
|
Sales |
|
22,500
|
|
8
|
Building |
12,000
|
|
|
9
|
Returns Inward |
1,900
|
|
|
10
|
Returns Outwards |
|
350
|
|
11
|
Trade Expenses |
1,000
|
|
|
12
|
Discount Received |
|
970
|
|
13
|
Salary |
3,000
|
|
|
14
|
Office Rent |
2,270
|
|
|
|
Total |
47,820
|
47,820
|
Page No 13.24:
Question 5:
The following are the balances extracted from the books of Mr. A. Mukhopadhyay. Prepare a Trial Balance as on 31st March, 2019:
|
|
|
|
|||
| ₹ | ₹ | ||||
| Cash | 2,000 | Sundry Creditors | 40,000 | ||
| Capital | 80,000 | Investment | 8,000 | ||
| Purchases | 85,000 | Plant and Machinery | 15,000 | ||
| Sales | 1,08,400 | Building | 20,000 | ||
| Purchases Return | 6,000 | Furniture | 6,000 | ||
| Sales Return | 4,000 | Electricity | 700 | ||
| Transportation | 1,800 | Postage | 400 | ||
| Discount Allowed | 500 | Drawings | 8,000 | ||
| Printing | 5,000 | Salaries | 6,000 | ||
| Sundry Debtors | 70,000 | Travelling Expenses | 2,000 | ||
| Input CGST A/c | 2,500 | Output CGST A/c | 1,500 | ||
| Input SGST A/c | 2,500 | Output SGST A/c | 1,500 | ||
| Input IGST A/c | 4,000 | Output IGST A/c | 6,000 | ||
Answer:
|
Trial Balance
as on March 31, 2019
|
|||
|
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
|
1
|
Cash |
2,000
|
|
|
2
|
Capital |
|
80,000
|
|
3
|
Purchases |
85,000
|
|
|
4
|
Sales |
|
1,08,400
|
|
5
|
Purchases Return |
|
6,000
|
|
6
|
Sales Return |
4,000
|
|
|
7
|
Transportation |
1,800
|
|
|
8
|
Discount Allowed |
500
|
|
|
9
|
Printing |
5,000
|
|
|
10
|
Sundry Debtors |
70,000
|
|
|
11
|
Input CGST A/c |
2,500
|
|
|
12
|
Input SGST A/c |
2,500
|
|
|
13
|
Input IGST A/c |
4,000
|
|
|
14
|
Sundry Creditors |
|
40,000
|
|
15
|
Investments |
8,000
|
|
|
16
|
Plant & Machinery |
15,000
|
|
|
17
|
Building |
20,000
|
|
|
18
|
Furniture |
6,000
|
|
|
19
|
Electricity |
700
|
|
|
20
|
Postage |
400
|
|
|
21
|
Drawings |
8,000
|
|
|
22
|
Salaries |
6,000
|
|
|
23
|
Travelling Expenses |
2,000
|
|
|
24
|
Output CGST A/c |
|
1,500
|
|
25
|
Output SGST A/c |
|
1,500
|
|
26
|
Output IGST A/c |
|
6,000
|
|
|
Total |
2,43,400
|
2,43,400
|
Page No 13.24:
Question 6:
From the following information, prepare a Trial Balance of M/s. Prayag for the year ended 31st March, 2019:
|
|
|
|
|||
| ₹ | ₹ | ||||
| Capital Accounts | 1,25,000 | Sales | 1,54,500 | ||
| Furniture and Fittings | 6,400 | Bank (Cr. Balance) | 28,500 | ||
| Motor Car | 62,500 | Purchase Returns | 1,250 | ||
| Buildings | 75,000 | Commission (Cr.) | 3,750 | ||
| Total Debtors | 38,000 | Sales Return | 2,000 | ||
| Total Creditors | 25,000 | Advertisement | 2,500 | ||
| Bad Debts | 1,250 | Interest Account (Dr.) | 1,180 | ||
| Stock (1st April 2018) | 34,600 | Cash Balance | 6,500 | ||
| Purchases | 54,750 | Insurance and Taxes | 12,500 | ||
| Input IGST A/c | 3,000 | Salaries | 40,820 | ||
| Output CGST A/c | 1,500 | Output SGST A/c | 1,500 | ||
Answer:
|
Trial Balance
as on March 31, 2019
|
|||
|
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
|
1
|
Capital Accounts |
|
1,25,000
|
|
2
|
Furniture & Fittings |
6,400
|
|
|
3
|
Motor Car |
62,500
|
|
|
4
|
Buildings |
75,000
|
|
|
5
|
Total Debtors |
38,000
|
|
|
6
|
Total Creditors |
|
25,000
|
|
7
|
Bad Debts |
1,250
|
|
|
8
|
Opening Stock |
34,600
|
|
|
9
|
Purchases |
54,750
|
|
|
10
|
Input IGST A/c |
3,000
|
|
|
11
|
Output CGST A/c |
|
1,500
|
|
12
|
Sales |
|
1,54,500
|
|
13
|
Bank Overdraft |
|
28,500
|
|
14
|
Purchases Return |
|
1,250
|
|
15
|
Commission (Cr.) |
|
3,750
|
|
16
|
Sales Return |
2,000
|
|
|
17
|
Advertisement |
2,500
|
|
|
18
|
Interest Account (Dr.) |
1,180
|
|
|
19
|
Cash Balance |
6,500
|
|
|
20
|
Insurance & Tax |
12,500
|
|
|
21
|
Salaries |
40,820
|
|
|
22
|
Output SGST A/c |
|
1,500
|
|
|
Total |
3,41,000
|
3,41,000
|
Page No 13.24:
Question 7:
​​From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March, 2019:
| ₹ | ₹ | ||||
| Capital | 75,00,000 | Building | 7,50,000 | ||
| Plant | 15,00,000 | Stock on 1st April, 2018 | 12,50,000 | ||
| Cash in Hand | 2,500 | Cash at Bank | 5,75,000 | ||
| Commission Received | 1,75,000 | Rates, Taxes and Insurance | 30,000 | ||
| Discount (Dr.) | 55,000 | Discount (Cr.) | 45,000 | ||
| Purchases Return | 50,000 | Sundry Creditors | 2,50,000 | ||
| Interest Received | 30,000 | Sales | 62,50,000 | ||
| Repairing Charges | 1,25,000 | Book Debts | 15,00,000 | ||
| General Expenses | 3,00,000 | Rent | 62,500 | ||
| Wages | 5,00,000 | Purchases | 48,00,000 | ||
| Furnitures | 1,20,000 | Carriage and Freight | 75,000 | ||
| Sales Return | 90,000 | Delivery Van | 5,00,000 | ||
| Loan Advanced | 6,00,000 | Travelling Expenses | 50,000 | ||
| Office Salaries | 6,25,000 | Drawings | 6,00,000 | ||
Answer:
|
Trial Balance
as on March 31, 2019
|
|||
|
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
|
1
|
Capital |
|
75,00,000
|
|
2
|
Plant |
15,00,000
|
|
|
3
|
Cash in Hand |
2,500
|
|
|
4
|
Commission Received |
|
1,75,000
|
|
5
|
Discount (Dr.) |
55,000
|
|
|
6
|
Purchases Return |
|
50,000
|
|
7
|
Interest Received |
|
30,000
|
|
8
|
Repairing Charges |
1,25,000
|
|
|
9
|
General Expenses |
3,00,000
|
|
|
10
|
Wages |
5,00,000
|
|
|
11
|
Furnitures |
1,20,000
|
|
|
12
|
Sales Return |
90,000
|
|
|
13
|
Loan Advanced |
6,00,000
|
|
|
14
|
Office Salaries |
6,25,000
|
|
|
15
|
Building |
7,50,000
|
|
|
16
|
Opening Stock |
12,50,000
|
|
|
17
|
Cash at Bank |
5,75,000
|
|
|
18
|
Rates, Taxes & Insurance |
30,000
|
|
|
19
|
Discount (Cr.) |
|
45,000
|
|
20
|
Sundry Creditors |
|
2,50,000
|
|
21
|
Sales |
|
62,50,000
|
|
22
|
Book Debts |
15,00,000
|
|
|
23
|
Rent |
62,500
|
|
|
24
|
Purchases |
48,00,000
|
|
|
25
|
Carriage & Freight |
75,000
|
|
|
26
|
Delivery Van |
5,00,000
|
|
|
27
|
Travelling Expenses |
50,000
|
|
|
28
|
Drawings |
6,00,000
|
|
|
29
|
Suspense A/c |
1,90,000
|
|
|
|
Total |
1,43,00,000
|
1,43,00,000
|
Page No 13.25:
Question 8:
​​From the following Ledger account balances extracted from the books of R.J. Gupta, prepare a Trial Balance as on 31st March, 2019:
|
₹
|
₹
|
||
| Purchases |
1,04,000
|
Drawings |
7,950
|
| Sundry Debtors |
18,550
|
Sundry Creditors |
8,300
|
| Premises |
62,000
|
Returns Inward |
5,360
|
| Sales |
1,49,000
|
Furniture |
15,600
|
| Returns Outward |
8,900
|
Cash in Hand |
390
|
| Rates and Taxes |
780
|
Capital |
85,000
|
| Cash at Bank |
1,560
|
Factory wages |
5,830
|
| Carriage Inwards |
650
|
Carriage Outwards |
260
|
| Salaries |
3,900
|
Rent Received |
2,990
|
| Stock (1st April, 2018) |
25,000
|
Insurance |
2,100
|
| Input IGST A/c |
5,000
|
Bad Debts |
260
|
| Input CGST A/c |
2,500
|
Output IGST A/c |
10,000
|
| Input SGST A/c |
2,500
|
Answer:
| Trial Balance as on March 31, 2019 |
||||
|
S. No. |
Particulars |
L.F. |
Debit Balance (₹ in 000') |
Credit Balance (₹ in 000') |
|
(i) |
Purchases |
|
1,04,000 |
|
|
(ii) |
Sundry Debtors |
|
18,550 |
|
|
(iii) |
Premises |
|
62,000 |
|
|
(iv) |
Sales |
|
|
1,49,000 |
|
(v) |
Return Outwards |
|
|
8,900 |
|
(vi) |
Rates and Taxes |
|
780 |
|
|
(vii) |
Cash at Bank |
|
1,560 |
|
|
(viii) |
Carriage Inwards |
|
650 |
|
|
(ix) |
Salaries |
|
3,900 |
|
|
(x) |
Stock (1st April, 2014) |
|
25,000 |
|
|
(xi) |
Drawings |
|
7,950 |
|
|
(xii) |
Sundry Creditors |
|
|
8,300 |
|
(xiii) |
Return Inwards |
|
5,360 |
|
|
(xiv) |
Furniture |
|
15,600 |
|
|
(xv) |
Cash in hand |
|
390 |
|
|
(xvi |
Capital |
|
|
85,000 |
|
(xvii) |
Factory Wages |
|
5,830 |
|
|
(xviii) |
Carriage Outwards |
|
260 |
|
|
(xix) |
Rent Received |
|
|
2,990 |
|
(xx) |
Insurance |
|
2,100 |
|
|
(xxi) |
Bad Debts |
|
260 |
|
|
|
|
|
2,64,190 |
2,64,190 |
|
|
|
|
|
|
Page No 13.25:
Question 9:
Following Trial Balance is given but it is not correct. Prepare correct Trial Balance.
| Debit Balances | Amount (₹) |
Credit Balances | Amount (₹) |
||
| Building | 3,00,000 | Capital | 3,68,000 | ||
| Machinery | 85,000 | Furniture | 28,000 | ||
| Returns Outward | 13,000 | Sales | 5,20,000 | ||
| Bad Debts | 14,000 | Debtors | 3,00,000 | ||
| Cash | 2,000 | Interest Received | 13,000 | ||
| Discount Received | 15,000 | ||||
| Bank Overdraft | 50,000 | ||||
| Creditors | 2,50,000 | ||||
| Purchases | 5,00,000 | ||||
| 12,29,000 | 12,29,000 | ||||
| ​ | |||||
Answer:
|
Trial Balance
as on March 31, 2018
|
|||
|
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
|
1
|
Building |
3,00,000
|
|
|
2
|
Machinery |
85,000
|
|
|
3
|
Returns Outward |
|
13,000
|
|
4
|
Bad Debts |
14,000
|
|
|
5
|
Cash |
2,000
|
|
|
6
|
Discount Received |
|
15,000
|
|
7
|
Bank Overdraft |
|
50,000
|
|
8
|
Creditors |
|
2,50,000
|
|
9
|
Purchases |
5,00,000
|
|
|
10
|
Capital |
|
3,68,000
|
|
11
|
Furniture |
28,000
|
|
|
12
|
Sales |
|
5,20,000
|
|
13
|
Debtors |
3,00,000
|
|
|
14
|
Interest Received |
|
13,000
|
|
|
Total |
12,29,000
|
12,29,000
|
Page No 13.25:
Question 10:
Redraft correctly the Trial Balance given below:
|
|
|
|
|||
| Debit Balances | Amount (₹) |
Credit Balances | Amount (₹) |
||
| Capital | 8,000 | Debtors | 7,580 | ||
| Bad Debts Recovered | 250 | Bank Deposits | 2,750 | ||
| Creditors | 1,250 | Discount Allowed | 40 | ||
| Returns Outward | 350 | Drawings | 600 | ||
| Bank Overdraft | 1,570 | Returns Inward | 450 | ||
| Rent | 360 | Sales | 13,690 | ||
| Salaries | 850 | Bills Payable | 1,350 | ||
| Trade Expenses | 300 | Grant Received | 1,000 | ||
| Cash in Hand | 210 | ||||
| Opening Stock | 2,450 | ||||
| Purchases | 11,870 | ||||
| 27,460 | 27,460 | ||||
| ​ | |||||
Answer:
|
Trial Balance
as on March 31, 2018
|
|||
|
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
|
1
|
Capital |
|
8,000
|
|
2
|
Bad Debts Recovered |
|
250
|
|
3
|
Creditors |
|
1,250
|
|
4
|
Returns Outward |
|
350
|
|
5
|
Bank Overdraft |
|
1,570
|
|
6
|
Rent |
360
|
|
|
7
|
Salaries |
850
|
|
|
8
|
Trade Expenses |
300
|
|
|
9
|
Cash in Hand |
210
|
|
|
10
|
Opening Stock |
2,450
|
|
|
11
|
Purchases |
11,870
|
|
|
12
|
Debtors |
7,580
|
|
|
13
|
Bank Deposits |
2,750
|
|
|
14
|
Discount Allowed |
40
|
|
|
15
|
Drawings |
600
|
|
|
16
|
Returns Inward |
450
|
|
|
17
|
Sales |
|
13,690
|
|
18
|
Bills Payable |
|
1,350
|
|
19
|
Grants Received |
|
1,000
|
|
|
Total |
27,460
|
27,460
|
Page No 13.26:
Question 11:
Correct the following Trial Balance:
|
Debit Balances |
₹ |
Credit Balances |
₹ |
|
Opening Stock
|
1,02,600 |
Debtors |
45,000 |
|
Returns Outward
|
48,000 |
Carriage Outwards |
15,000 |
|
Salaries
|
36,000 |
Capital |
1,65,600 |
|
Creditors
|
84,000 |
Machinery |
54,000 |
|
Bank
|
1,35,000 |
Returns Inward |
9,000 |
|
Carriage Inwards
|
18,000 |
Insurance Claim Received |
12,000 |
|
Rent Received
|
9,000 |
Trade Expenses |
18,000 |
|
Discount Allowed
|
6,000 |
Sales |
4,20,000 |
|
Purchases
|
3,00,000 |
Building |
60,000 |
| Bills Payable | 60,000 |
|
|
|
|
7,98,600 |
|
7,98,600 |
|
|
|
|
|
Answer:
|
Trial Balance (Corrected) |
|||
|
Debit |
Amount (Rs) |
Credit |
Amount (Rs) |
|
Opening Stock |
1,02,600 |
Creditors |
84,000 |
|
Return Inwards |
9,000 |
Rent Received |
9,000 |
|
Salaries |
36,000 |
Bills Payable |
60,000 |
|
Bank |
1,35,000 |
Capital |
1,65,600 |
|
Carriage Inward |
18,000 |
Return Outwards |
48,000 |
|
Discount Allowed |
6,000 |
Discount Received |
12,000 |
|
Purchases |
3,00,000 |
Sales |
4,20,000 |
|
Debtors |
45,000 |
|
|
|
Carriage Outwards |
15,000 |
|
|
|
Machinery |
54,000 |
|
|
|
Trade Expenses |
18,000 |
|
|
|
Building |
60,000 |
|
|
|
|
7,98,600 |
|
7,98,600 |
|
|
|
|
|
Page No 13.26:
Question 12:
Prepare correct Trial Balance from the following Trial Balance in which there are certain mistakes:
|
Heads of Accounts
|
Dr. (₹) |
Cr. (₹) |
| Cost of Goods Sold | 1,50,000 | ... |
| Closing Stock | ... | 40,000 |
| Debtors | ... | 60,000 |
| Creditors | ... | 30,000 |
| Fixed Assets | 50,000 | ... |
| Opening Stock | 60,000 | ... |
| Expenses | ... | 20,000 |
| Sales | ... | 2,00,000 |
| Capital | 90,000 | ... |
| Total | 3,50,000 | 3,50,000 |
|
|
|
|
Answer:
|
Trial Balance |
|||
|
S. No. |
Account Title |
Debit (Rs) |
Credit (Rs) |
|
(i) |
Cost of Goods Sold |
1,50,000 |
|
|
(ii) |
Closing Stock |
40,000 |
|
|
(iii) |
Debtors |
60,000 |
|
|
(iv) |
Creditors |
|
30,000 |
|
(v) |
Fixed Assets |
50,000 |
|
|
(vi) |
Expenses |
20,000 |
|
|
(vii) |
Sales |
|
2,00,000 |
|
(viii) |
Capital |
|
90,000 |
|
|
|
3,20,000 |
3,20,000 |
|
|
|
|
|
View NCERT Solutions for all chapters of Class 13