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Page No 12.38:

Answer:

Books of Mohan

Journal

Date

Particular

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

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 (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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 (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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 (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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 (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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 (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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 (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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 (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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 (Rs)

Date

Particulars

J.F

Amount (Rs)

2016

 

 

 

2016

 

 

 

April  20

Balance c/d

 

300

April 20

Ram

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

                 

 

Wages Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 25

Cash

 

700

April 30

Balance c/d

 

700

 

 

 

700

 

 

 

700

 

 

 

 

 

 

 

 

                 

 

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 27

Gopal

 

50

April 01

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

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

(Rs)

Credit

Balance

(Rs)

(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 12.38:

Answer:

Journal

Date

Particular

L.F.

Debit

Amount

(Rs)

Credit Amount

(Rs)

2016

 

 

 

 

April 01

Cash A/c

Dr.

 

2,000

 

 

Stock A/c

Dr.

 

45,000

 

 

Bank A/c

Dr.

 

20,000

 

 

Tarun

Dr.

 

3,500

 

 

To Atma Ram

 

 

2,500

 

To Capital

 

 

68,000

 

(Balance brought forwarded from the last month)

 

 

 

 

 

 

 

 

April 03

Hari

Dr.

 

10,000

 

 

To Sales A/c

 

 

10,000

 

(Goods sold to Hari)

 

 

 

 

 

 

 

 

April 05

Cash A/c

Dr.

 

4,000

 

 

To Sales A/c

 

 

4,000

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

April 07

Lalji

Dr.

 

500

 

 

To Sales A/c

 

 

500

 

(Goods sold to Lalji)

 

 

 

 

 

 

 

 

April 08

Purchases A/c

Dr.

 

1,500

 

 

To Atma Ram

 

 

1,500

 

(Goods purchased from Atma Ram)

 

 

 

 

 

 

 

 

April 10

Tarun

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Good sold to Tarun)

 

 

 

 

 

 

 

 

April 13

Wages A/c

Dr.

 

200

 

 

To Cash A/c

 

 

200

 

(Wages paid)

 

 

 

 

 

 

 

 

April 15

Cash A/c

Dr.

 

6,000

 

 

To Hari

 

 

6,000

 

(Cash received from Hari)

 

 

 

 

 

 

 

 

April 15

Bank A/c

Dr.

 

10,000

 

 

To Cash A/c

 

 

10,000

 

(Cash paid into bank)

 

 

 

 

 

 

 

 

April 18

Drawings A/c

Dr.

 

500

 

 

To Cash A/c

 

 

500

 

(Cash drawn for private use)

 

 

 

 

 

 

 

 

April 23

Ramji

Dr.

 

7,000

 

 

To Sales A/c

 

 

7,000

 

(Goods sold to Ramji)

 

 

 

 

 

 

 

 

April 24

Purchases A/c

Dr.

 

6,500

 

 

To Rustom

 

 

6,500

 

(Goods bought from Rustom)

 

 

 

 

 

 

 

 

April 24

Wages A/c

Dr.

 

300

 

 

To Cash A/c

 

 

300

 

(Wages paid)

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

1,440

 

 

To Sales A/c

 

 

1,440

 

(Goods sold for Cash)

 

 

 

 

 

 

 

 

 

Atma Ram

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 01

Balance b/d

 

2,500

April 30

Balance c/d

 

4,000

April 08

Purchases

 

1,500

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

                 

 

Tarun

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance c/d

 

3,500

 

 

 

 

April 10

Sales

 

1,000

April 30

Balance c/d

 

4,500

 

 

 

4,500

 

 

 

4,500

 

 

 

 

 

 

 

 

                 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

April 03

Hari

 

10,000

April 30

Balance c/d

 

23,940

April 05

Cash

 

4,000

 

 

 

 

April 07

Lalji

 

500

 

 

 

 

April 10

Tarun

 

1,000

 

 

 

 

April 23

Ramji

 

7,000

 

 

 

 

April 30

Cash

 

1,440

 

 

 

23,940

 

 

 

23,940

 

 

 

 

 

 

 

 

                 

 

Hari

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 03

Sales

 

10,000

April 15

Cash

 

6,000

 

 

 

 

April 30

Balance c/d

 

4,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                 

 

Cash Account

Dr.

 

Cr

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

2,000

April 13

Wages

 

200

April 05

Sales

 

4,000

April 15

Bank

 

10,000

April 15

Hari

 

6,000

April 16

Drawings

 

500

April 30

Sales

 

1,440

April 25

Wages

 

300

 

 

 

 

April 30

Balance c/d

 

2,440

 

 

 

13,440

 

 

 

13,440

 

 

 

 

 

 

 

 

                 

 

Stock Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

45,000

April 30

Balance c/d

 

45,000

 

 

 

45,000

 

 

 

45,000

 

 

 

 

 

 

 

 

                 

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 01

Balance b/d

 

20,000

April 30

Balance c/d

 

30,000

April 15

Cash

 

10,000

 

 

 

 

 

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

 

                 

 

Lalji

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 07

Sales

 

500

April 30

Balance c/d

 

500

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 08

Atma Ram

 

1,500

 

 

 

 

April 24

Rustom

 

6,500

April 30

Balance c/d

 

8,000

 

 

 

8,000

 

 

 

8,000

 

 

 

 

 

 

 

 

                 

 

Wages Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 13

Cash

 

200

 

 

 

 

April 25

Cash

 

300

April 30

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                 

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 18

Cash

 

500

April 18

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                 

 

 

Ramji

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 23

Sales

 

7,000

April 30

Balance c/d

 

7,000

 

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

 

                 

 

Rustom

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

6,500

April 24

Purchases

 

6,500

 

 

 

6,500

 

 

 

6,500

 

 

 

 

 

 

 

 

                 

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

April 30

Balance c/d

 

68,000

April 01

Balance b/d

 

68,000

 

 

 

68,000

 

 

 

68,000

 

 

 

 

 

 

 

 

 

Trial Balance

S. No.

Account Title

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

(i)

Cash

 

2,440

 

(ii)

Stock

 

45,000

 

(iii)

Bank

 

30,000

 

(iv)

Atma Ram

 

 

4,000

(v)

Tarun

 

4,500

 

(vi)

Sales

 

 

23,940

(vii)

Hari

 

4,000

 

(viii)

Lalji

 

500

 

(ix)

Purchases

 

8,000

 

(x)

Wages

 

500

 

(xi)

Drawings

 

500

 

(xii)

Ramji

 

7,000

 

(xiii)

Rustom

 

 

6,500

(xiv)

Capital

 

 

68,000

 

 

 

1,02,440

1,02,440

 

 

 

 

 

 

Page No 12.38:

Answer:

Trial Balance

S. No.

List of Accounts

Debit

Amount

(Rs)

Credit

Amount

(Rs)

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

Return Inwards

1,900

 

10

Return Outward

 

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 12.38:

Answer:

Mr. A. Mukhopadhyay

Trial Balance

as on March 31, 2016

S. No.

List of Accounts

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Cash

2,000

 

2

Capital

 

80,000

3

Purchases

85,000

 

4

Sales

 

1,08,400

5

Purchase 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

Sundry Creditors

 

40,000

12

Investments

8,000

 

13

Plant and Machinery

15,000

 

14

Building

20,000

 

15

Furniture

6,000

 

16

Electricity

700

 

17

Postage

400

 

18

Drawings

8,000

 

19

Salaries

6,000

 

20

Travelling Expenses

2,000

 

 

Total

2,34,400

2,34,400

 

 

 

 

 



Page No 12.39:

Answer:

M/s Prayag Das Ram

Trial Balance

as on March 31, 2016

S. No.

List of Accounts

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Capital

 

1,25,000

2

Furniture and Fittings

6,400

 

3

Motor Car

62,500

 

4

Buildings

75,000

 

5

Total Debtors

38,000

 

6

Trade Creditors

 

25,000

7

Bad Debts

1,250

 

8

Stock

34,600

 

9

Purchases

54,750

 

10

Sales

 

1,54,500

11

Bank (Cr.)

 

28,500

12

Purchase Return

 

1,250

13

Commission (Cr.)

 

3,750

14

Sales Return

2,000

 

15

Advertisement

2,500

 

16

Interest (Dr.)

1,180

 

17

Cash Balance

6,500

 

18

Insurance and Tax

12,500

 

19

Salaries

40,820

 

 

Total

3,38,000

3,38,000

 

 

 

 

 

Page No 12.39:

Answer:

This question can be attempted by two methods. The solutions under both the methods is given below.

(i) By Total Method

Books of Shri R.P Paul

Trial Balance

as on March 31, 2016

Particulars

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Debtors A/c

79,300

20,800

Creditors A/c

36,500

1,36,500

Rent A/c

12,000

6,300

Misc. Expenses A/c

3,200

 

Plant & Machinery A/c

7,98,750

90,000

Creditors for Furniture A/c

 

30,000

Opening Stock

40,000

 

Discount A/c

5,500

9,900

Building A/c

9,81,000

 

Loan A/c

 

10,00,000

Interest on Loan A/c

10,000

 

Conveyance A/c

200

 

Furniture A/c

30,000

 

Commission A/c

4,000

 

Drawings A/c

15,000

 

Salary and Wages A/c

25,900

 

Capital A/c

 

5,00,000

Purchases A/c

3,13,450

 

Sales A/c

 

5,61,300

Total

23,54,800

23,54,800

 

 

 

 

(ii) By Balance Method

Books of Shri R.P Paul

Trial Balance

 as on March 31, 2016

Particulars

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Debtors A/c  (79,300 – 20,800)

58,500

 

Creditors A/c (1,36,500 – 36,500)

 

1,00,000

Rent A/c (12,000-6,300)

5,700

 

Misc. Expenses A/c 

3,200

 

Plant and Machinery A/c (7,98,750 – 90,000)

7,08,750

 

Creditors for Furniture A/c

 

30,000

Opening Stock

40,000

 

Discount A/c (9,900 – 5,500)

 

4,400

Building A/c

9,81,000

 

Loan A/c

 

10,00,000

Interest on Loan A/c

10,000

 

Conveyance A/c

200

 

Furniture A/c

30,000

 

Commission A/c

4,000

 

Drawings A/c

15,000

 

Salary and Wages A/c

25,900

 

Capital A/c

 

5,00,000

Purchases A/c

3,13,450

 

Sales A/c

 

5,61,300

Total

21,95,700

21,95,700

 

 

 

Note: The total of Trial Balance worked out as per the above solutions is different from the totals given as per the textbook.

Page No 12.39:

Answer:

Trial Balance of Sri Narugopal

as on March 31, 2016

S. No.

Account Title

Debit

(Rs)

Credit

(Rs)

(i)

Capital

 

75,00,000

(ii)

Building

7,50,000

 

(iii)

Plant

15,00,000

 

(iv)

Stock (1st April, 2009)

12,50,000

 

(v)

Cash in Hand

2,500

 

(vi)

Cash at Bank

5,75,000

 

(vii)

Commission Received

 

1,75,000

(viii)

Rates,Taxes and Insurance

30,000

 

(ix)

Discount (Dr.)

55,000

 

(x)

Discount (Cr.)

 

45,000

(xi)

Purchases Return

 

50,000

(xii)

Sundry Creditors

 

2,50,000

(xiii)

Interest Received

 

30,000

(xiv)

Sales

 

62,50,000

(xv)

Repairing  Charges

1,25,000

 

(xvi)

Book Debts

15,00,000

 

(xvii)

General Expenses

3,00,000

 

(xviii)

Rent

62,500

 

(xix)

Wages

5,00,000

 

(xx)

Purchases

48,00,000

 

(xxi)

Furniture

1,20,000

 

(xxii)

Carriage and Freight

75,000

 

(xxiii)

Sales Return

90,000

 

(xxiv)

Delivery Van

5,00,000

 

(xxv)

Loan Advanced

6,00,000

 

(xxvi)

Travelling Expenses

50,000

 

(xxvii)

Office Salaries

6,25,000

 

(xxviii)

Drawings

6,00,000

 

(xix)

Suspense A/c (Dr.) (Balancing Figure)

1,90,000

 

 

 

1,43,00,000

1,43,00,000

 

 

 

 

 

Page No 12.39:

Answer:

Trial Balance

as on March 31, 2015

S. No.

List of Accounts

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Capital

 

6,50,000

2

Bank Loan

 

6,00,000

3

Purchases

6,70,000

 

4

Sundry Creditors

 

6,66,000

5

Sundry Debtors

6,40,000

 

6

Vehicles

1,01,000

 

7

Sales

 

7,82,000

8

Cash

59,000

 

9

Bank

5,00,000

 

10

Wages and Salaries

1,07,000

 

11

Bank Loan Interest

70,000

 

12

Other Expenses

5,51,000

 

 

Total

26,98,000

26,98,000

 

 

 

 

 

Working Notes:

Journal

Date

Particulars

L. F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

 

 

 

 

 

 

 

Purchases A/c

Dr.

 

50,000

 

 

 

To Cash A/c

 

 

 

25,000

 

 

To Creditors’ A/c

 

 

 

25,000

 

(Half of the material was purchased for cash)

 

 

 

 

 

 

 

 

 

 

 

Debtors’ A/c

Dr.

 

40,000

 

 

Cash A/c

Dr.

 

12,000

 

 

 

To Sales A/c

 

 

 

52,000

 

(Goods worth Rs 40,000 were sold on credit and rest for cash)

 

 

 

 

 

 

 

 

 

 

 

Wages A/c

Dr.

 

13,000

 

 

 

To Cash A/c

 

 

 

13,000

 

(Wages paid)

 

 

 

 

 

 

 

 

 

 

Ledger Postings

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

85,000

 

Purchases A/c

 

25,000

 

Sales A/c

 

12,000

 

Wages

 

13,000

 

 

 

 

 

Balance c/d

 

59,000

 

 

 

97,000

 

 

 

97,000

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

6,20,000

 

Balance c/d

 

6,70,000

 

Cash A/c

 

25,000

 

 

 

 

 

Creditors’ A/c

 

25,000

 

 

 

 

 

 

 

6,70,000

 

 

 

6,70,000

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance c/d

 

7,82,000

 

Balance b/d

 

7,30,000

 

 

 

 

 

Cash A/c

 

12,000

 

 

 

 

 

Debtors’ A/c

 

40,000

 

 

 

7,82,000

 

 

 

7,82,000

 

 

 

 

 

 

 

 

 

Sundry Debtors’ Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

6,00,000

 

Balance c/d

 

6,40,000

 

Sales A/c

 

40,000

 

 

 

 

 

 

 

6,40,000

 

 

 

6,40,000

 

 

 

 

 

 

 

 

 

Sundry Creditors’  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance c/d

 

6,66,000

 

Balance b/d

 

6,41,000

 

 

 

 

 

Purchases A/c

 

25,000

 

 

 

6,66,000

 

 

 

6,66,000

 

 

 

 

 

 

 

 

 

Wages and Salaries Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

Balance b/d

 

94,000

 

Balance c/d

 

1,07,000

 

Cash A/c

 

13,000

 

 

 

 

 

 

 

1,07,000

 

 

 

1,07,000

 

 

 

 

 

 

 

 

 



Page No 12.40:

Answer:

Trial Balance

as on March 31, 2016

S. No.

Particulars

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

(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, 2012)

 

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

 

 

 

 

2,54,190

2,54,190

 

 

 

 

 

 

Page No 12.40:

Answer:

Trial Balance

as on March 31, 2016

S. No.

List of Accounts

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Capital

 

5,00,000

2

Debtors

3,75,000

 

3

Creditors

 

5,50,000

4

Purchases

12,00,000

 

5

Sales

 

15,75,000

6

Bank

5,50,000

 

7

Drawings

5,00,000

 

 

Total

26,25,000

26,25,000

 

 

 

 

 

Working Notes:

Journal

Date

Particulars

L. F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

 

Mar. 31

Purchases A/c

Dr.

 

2,00,000

 

 

 

To Creditors’ A/c

 

 

 

2,00,000

 

(Goods purchased on credit)