Double Entry Book Keeping Ts Grewal (2016) Solutions for Class 11 Commerce Accountancy Chapter 8 Trial Balance are provided here with simple step-by-step explanations. These solutions for Trial Balance are extremely popular among class 11 Commerce students for Accountancy Trial Balance Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Double Entry Book Keeping Ts Grewal (2016) Book of class 11 Commerce Accountancy Chapter 8 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Double Entry Book Keeping Ts Grewal (2016) Solutions. All Double Entry Book Keeping Ts Grewal (2016) Solutions for class 11 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 12.38:
Question 1:
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:
Question 2:
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 |
|
|
|
|
|
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:
Question 3:
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 |
|
|
|
|
|
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:
Question 4:
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 |
|
|
|
|
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:
Question 5:
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 |
|
|
|
|
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:
Question 6:
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 |
|
|
|
|
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:
Question 7:
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.
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:
Question 8:
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 |
|
|
|
|
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:
Question 9:
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 |
||
|
|
|
|
|
|
|
|
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:
Question 10:
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 |
|
|
|
|
|
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) |
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 31 |
Debtors' (Brian’s) A/c |
Dr. |
|
75,000 |
|
|
|
|
To Sales A/c |
|
|
|
75,000 |
|
(Goods worth Rs 75,000 were sold on credit) |
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 31 |
Drawings A/c |
Dr. |
|
5,00,000 |
|
|
|
|
To Bank A/c |
|
|
|
5,00,000 |
|
(Wages paid) |
|
|
|
|
|
|
|
|
|
|
Ledger Postings
Bank Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance b/d |
|
10,50,000 |
Mar.31 |
Drawings A/c |
|
5,00,000 |
||
|
|
|
|
Mar.31 |
Balance c/d |
|
5,50,000 |
||
|
|
|
10,50,000 |
|
|
|
10,50,000 |
||
|
|
|
|
|
|
|
|
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance b/d |
|
10,00,000 |
Mar.31 |
Balance c/d |
|
12,00,000 |
||
Mar.31 |
Creditors’ A/c |
|
2,00,000 |
|
|
|
|
||
|
|
|
12,00,000 |
|
|
|
12,00,000 |
||
|
|
|
|
|
|
|
|
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance c/d |
|
15,75,000 |
Mar.31 |
Balance b/d |
|
15,00,000 |
||
|
|
|
|
Mar.31 |
Brian’s A/c |
|
75,000 |
||
|
|
|
15,75,000 |
|
|
|
15,75,000 |
||
|
|
|
|
|
|
|
|
Creditors’ Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance c/d |
|
5,50,000 |
Mar.31 |
Balance b/d |
|
3,50,000 |
||
|
|
|
|
Mar.31 |
Purchases A/c |
|
2,00,000 |
||
|
|
|
5,50,000 |
|
|
|
5,50,000 |
||
|
|
|
|
|
|
|
|
Debtors’ Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance b/d |
|
3,00,000 |
Mar.31 |
Balance c/d |
|
3,75,000 |
||
Mar.31 |
Sales A/c (to Brian) |
|
75,000 |
|
|
|
|
||
|
|
|
3,75,000 |
|
|
|
3,75,000 |
||
|
|
|
|
|
|
|
|
Drawings Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Bank A/c |
|
5,00,000 |
Mar.31 |
Balance c/d |
|
5,00,000 |
||
|
|
|
5,00,000 |
|
|
|
5,00,000 |
||
|
|
|
|
|
|
|
|
Notes:
(i) The value of Debtors (given in the Trial Balance) is misprinted as Rs 3,00,0000. However, the actual amount of Debtors should be Rs 3,00,000.
(ii) The total of Trial Balance as per the above solution is different from the total of Trial Balance as per the textbook answer.
Page No 12.40:
Question 11:
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) |
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 31 |
Debtors' (Brian’s) A/c |
Dr. |
|
75,000 |
|
|
|
|
To Sales A/c |
|
|
|
75,000 |
|
(Goods worth Rs 75,000 were sold on credit) |
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 31 |
Drawings A/c |
Dr. |
|
5,00,000 |
|
|
|
|
To Bank A/c |
|
|
|
5,00,000 |
|
(Wages paid) |
|
|
|
|
|
|
|
|
|
|
Ledger Postings
Bank Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance b/d |
|
10,50,000 |
Mar.31 |
Drawings A/c |
|
5,00,000 |
||
|
|
|
|
Mar.31 |
Balance c/d |
|
5,50,000 |
||
|
|
|
10,50,000 |
|
|
|
10,50,000 |
||
|
|
|
|
|
|
|
|
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance b/d |
|
10,00,000 |
Mar.31 |
Balance c/d |
|
12,00,000 |
||
Mar.31 |
Creditors’ A/c |
|
2,00,000 |
|
|
|
|
||
|
|
|
12,00,000 |
|
|
|
12,00,000 |
||
|
|
|
|
|
|
|
|
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance c/d |
|
15,75,000 |
Mar.31 |
Balance b/d |
|
15,00,000 |
||
|
|
|
|
Mar.31 |
Brian’s A/c |
|
75,000 |
||
|
|
|
15,75,000 |
|
|
|
15,75,000 |
||
|
|
|
|
|
|
|
|
Creditors’ Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance c/d |
|
5,50,000 |
Mar.31 |
Balance b/d |
|
3,50,000 |
||
|
|
|
|
Mar.31 |
Purchases A/c |
|
2,00,000 |
||
|
|
|
5,50,000 |
|
|
|
5,50,000 |
||
|
|
|
|
|
|
|
|
Debtors’ Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Balance b/d |
|
3,00,000 |
Mar.31 |
Balance c/d |
|
3,75,000 |
||
Mar.31 |
Sales A/c (to Brian) |
|
75,000 |
|
|
|
|
||
|
|
|
3,75,000 |
|
|
|
3,75,000 |
||
|
|
|
|
|
|
|
|
Drawings Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2016 |
|
|
|
2016 |
|
|
|
||
Mar.31 |
Bank A/c |
|
5,00,000 |
Mar.31 |
Balance c/d |
|
5,00,000 |
||
|
|
|
5,00,000 |
|
|
|
5,00,000 |
||
|
|
|
|
|
|
|
|
Notes:
(i) The value of Debtors (given in the Trial Balance) is misprinted as Rs 3,00,0000. However, the actual amount of Debtors should be Rs 3,00,000.
(ii) The total of Trial Balance as per the above solution is different from the total of Trial Balance as per the textbook answer.
Answer:
Trial Balance (before giving effect of unrecorded transactions) as on March 31, 2016 |
|||
S. No. |
List of Accounts |
Debit Amount (Rs) |
Credit Amount (Rs) |
1 |
Capital |
|
15,00,000 |
2 |
Building |
12,15,000 |
|
3 |
Machinery |
12,00,000 |
|
4 |
Bank Loan |
|
5,00,000 |
5 |
Purchases |
18,50,000 |
|
6 |
Sundry Creditors |
|
3,50,000 |
7 |
Sundry Debtors |
5,00,000 |
|
8 |
Cash in Hand |
1,00,000 |
|
9 |
Rates and Taxes |
25,000 |
|
10 |
Interest |
50,000 |
|
11 |
Other Expenses |
4,10,000 |
|
12 |
Sales |
|
30,00,000 |
|
Total |
53,50,000 |
53,50,000 |
|
|
|
|
Trial Balance (after giving effect of unrecorded transactions) as on March 31, 2016 |
|||
S. No. |
List of Accounts |
Debit Amount (Rs) |
Credit Amount (Rs) |
1 |
Capital |
|
16,00,000 |
2 |
Building |
12,15,000 |
|
3 |
Machinery |
12,00,000 |
|
4 |
Bank Loan |
|
5,00,000 |
5 |
Purchases |
19,50,000 |
|
6 |
Sundry Creditors |
|
3,50,000 |
7 |
Sundry Debtors |
5,25,000 |
|
8 |
Cash in Hand |
1,00,000 |
|
9 |
Rates and Taxes |
25,000 |
|
10 |
Interest |
50,000 |
|
11 |
Other Expenses |
4,10,000 |
|
12 |
Sales |
|
30,50,000 |
13 |
Bank |
25,000 |
|
|
Total |
55,00,000 |
55,00,000 |
|
|
|
|
Working Notes:
Journal |
||||||
Date |
Particulars |
L. F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
|
|
|
|
|
|
|
|
Purchases A/c |
Dr. |
|
1,00,000 |
|
|
|
|
To Capital A/c |
|
|
|
1,00,000 |
|
(Goods purchased) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank A/c |
Dr. |
|
25,000 |
|
|
|
|
To Debtor’s A/c |
|
|
|
25,000 |
|
(Received from debtors) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors’ A/c |
Dr. |
|
50,000 |
|
|
|
|
To Sales A/c |
|
|
|
50,000 |
|
(Goods sold on credit) |
|
|
|
|
|
|
|
|
|
|
Ledger Postings
Bank Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Debtors’ A/c |
|
25,000 |
|
Balance c/d |
|
25,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
25,000 |
|
|
|
25,000 |
||
|
|
|
|
|
|
|
|
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Balance b/d |
|
18,50,000 |
|
Balance c/d |
|
19,50,000 |
||
|
Capital A/c |
|
1,00,000 |
|
|
|
|
||
|
|
|
19,50,000 |
|
|
|
19,50,000 |
||
|
|
|
|
|
|
|
|
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Balance c/d |
|
30,50,000 |
|
Balance b/d |
|
30,00,000 |
||
|
|
|
|
|
Debtors’ A/c |
|
50,000 |
||
|
|
|
30,50,000 |
|
|
|
30,50,000 |
||
|
|
|
|
|
|
|
|
Capital Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Balance c/d |
|
16,00,000 |
|
Balance b/d |
|
15,00,000 |
||
|
|
|
|
|
Purchases A/c |
|
1,00,000 |
||
|
|
|
16,00,000 |
|
|
|
16,00,000 |
||
|
|
|
|
|
|
|
|
Sundry Debtors’ Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
|
|
|
|
Bank A/c |
|
25,000 |
||
|
Balance b/d |
|
5,00,000 |
|
Balance c/d |
|
5,25,000 |
||
|
Sales A/c |
|
50,000 |
|
|
|
|
||
|
|
|
5,50,000 |
|
|
|
5,50,000 |
||
|
|
|
|
|
|
|
|
Page No 12.41:
Question 12:
Trial Balance (before giving effect of unrecorded transactions) as on March 31, 2016 |
|||
S. No. |
List of Accounts |
Debit Amount (Rs) |
Credit Amount (Rs) |
1 |
Capital |
|
15,00,000 |
2 |
Building |
12,15,000 |
|
3 |
Machinery |
12,00,000 |
|
4 |
Bank Loan |
|
5,00,000 |
5 |
Purchases |
18,50,000 |
|
6 |
Sundry Creditors |
|
3,50,000 |
7 |
Sundry Debtors |
5,00,000 |
|
8 |
Cash in Hand |
1,00,000 |
|
9 |
Rates and Taxes |
25,000 |
|
10 |
Interest |
50,000 |
|
11 |
Other Expenses |
4,10,000 |
|
12 |
Sales |
|
30,00,000 |
|
Total |
53,50,000 |
53,50,000 |
|
|
|
|
Trial Balance (after giving effect of unrecorded transactions) as on March 31, 2016 |
|||
S. No. |
List of Accounts |
Debit Amount (Rs) |
Credit Amount (Rs) |
1 |
Capital |
|
16,00,000 |
2 |
Building |
12,15,000 |
|
3 |
Machinery |
12,00,000 |
|
4 |
Bank Loan |
|
5,00,000 |
5 |
Purchases |
19,50,000 |
|
6 |
Sundry Creditors |
|
3,50,000 |
7 |
Sundry Debtors |
5,25,000 |
|
8 |
Cash in Hand |
1,00,000 |
|
9 |
Rates and Taxes |
25,000 |
|
10 |
Interest |
50,000 |
|
11 |
Other Expenses |
4,10,000 |
|
12 |
Sales |
|
30,50,000 |
13 |
Bank |
25,000 |
|
|
Total |
55,00,000 |
55,00,000 |
|
|
|
|
Working Notes:
Journal |
||||||
Date |
Particulars |
L. F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
|
|
|
|
|
|
|
|
Purchases A/c |
Dr. |
|
1,00,000 |
|
|
|
|
To Capital A/c |
|
|
|
1,00,000 |
|
(Goods purchased) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank A/c |
Dr. |
|
25,000 |
|
|
|
|
To Debtor’s A/c |
|
|
|
25,000 |
|
(Received from debtors) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors’ A/c |
Dr. |
|
50,000 |
|
|
|
|
To Sales A/c |
|
|
|
50,000 |
|
(Goods sold on credit) |
|
|
|
|
|
|
|
|
|
|
Ledger Postings
Bank Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Debtors’ A/c |
|
25,000 |
|
Balance c/d |
|
25,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
25,000 |
|
|
|
25,000 |
||
|
|
|
|
|
|
|
|
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Balance b/d |
|
18,50,000 |
|
Balance c/d |
|
19,50,000 |
||
|
Capital A/c |
|
1,00,000 |
|
|
|
|
||
|
|
|
19,50,000 |
|
|
|
19,50,000 |
||
|
|
|
|
|
|
|
|
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Balance c/d |
|
30,50,000 |
|
Balance b/d |
|
30,00,000 |
||
|
|
|
|
|
Debtors’ A/c |
|
50,000 |
||
|
|
|
30,50,000 |
|
|
|
30,50,000 |
||
|
|
|
|
|
|
|
|
Capital Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
Balance c/d |
|
16,00,000 |
|
Balance b/d |
|
15,00,000 |
||
|
|
|
|
|
Purchases A/c |
|
1,00,000 |
||
|
|
|
16,00,000 |
|
|
|
16,00,000 |
||
|
|
|
|
|
|
|
|
Sundry Debtors’ Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
|
|
|
|
|
Bank A/c |
|
25,000 |
||
|
Balance b/d |
|
5,00,000 |
|
Balance c/d |
|
5,25,000 |
||
|
Sales A/c |
|
50,000 |
|
|
|
|
||
|
|
|
5,50,000 |
|
|
|
5,50,000 |
||
|
|
|
|
|
|
|
|
Answer:
Rectified Trial Balance |
|||
S. No. |
List of Accounts |
Debit Amount (Rs) |
Credit Amount (Rs) |
1 |
Capital |
|
8,000 |
2 |
Bad Debts Recovered |
|
250 |
3 |
Creditors |
|
1,250 |
4 |
Return 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 |
Return Inward |
450 |
|
17 |
Sales |
|
13,690 |
18 |
Bills Payable |
|
1,350 |
19 |
Grant Received |
|
1,000 |
|
Total |
27,460 |
27,460 |
|
|
|
|
Page No 12.41:
Question 13:
Rectified Trial Balance |
|||
S. No. |
List of Accounts |
Debit Amount (Rs) |
Credit Amount (Rs) |
1 |
Capital |
|
8,000 |
2 |
Bad Debts Recovered |
|
250 |
3 |
Creditors |
|
1,250 |
4 |
Return 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 |
Return Inward |
450 |
|
17 |
Sales |
|
13,690 |
18 |
Bills Payable |
|
1,350 |
19 |
Grant Received |
|
1,000 |
|
Total |
27,460 |
27,460 |
|
|
|
|
Answer:
Trial Balance (Correct) |
|||
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 |
Insurance Claim 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 12.41:
Question 14:
Trial Balance (Correct) |
|||
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 |
Insurance Claim 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 |
|
|
|
|
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