11th | Trail Balance | Question No. 1 To 4 | Ts Grewal Solution 2022-2023

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 (`)	Credit Balance (`)
(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

Question 2:

Journalise the following transactions, post them into Ledger and prepare a Trial Balance:


2022		(`)	2022		(`)
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 (`)
2022
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.	(`)	Date	Particulars	J.F.	(`)
2022				2022
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.	(`)	Date	Particulars	J.F.	(`)
2022				2022
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.	(`)	Date	Particulars	J.F.	(`)
2022				2022
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.	(`)	Date	Particulars	J.F.	(`)
2022				2022
April 30	Balance c/d		4,000	April 04	Gopal		4,000
			4,000				4,000

Gopals’ Account
Dr.								Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2022				2022
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.	(`)	Date	Particulars	J.F.	(`)
2022				2022
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.	(`)	Date	Particulars	J.F.	(`)
2022				2022
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.	(`)	Date	Particulars	J.F	(`)
2022				2022
April 20	Balance c/d		300	April 20	Ram		300
			300				300

Wages Account
Dr.								Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2022				2022
April 25	Cash		700	April 30	Balance c/d		700
			700				700

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2022				2022
April 27	Gopal		50	April 01	Balance c/d		50
			50				50

Rent Account
Dr.								Cr.
Date	Particulars	J.F	(`)	Date	Particulars	J.F.	(`)
2022				2022
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

Question 3:

Prepare a Trial Balance from the following items:


	`		`
Capital	24,0000	Building	12,0000
Opening Stock	8,5000	Returns Inward	1,9000
Furniture	2,6000	Returns Outward	3500
Purchases	8,9500	Trade Expenses	1,0000
Cash	7,3000	Discount Received	9700
Carriage	3000	Salary	3,0000
Sales	22,5000	Office Rent	2,2700

Answer:

Trial Balance as on March 31, 2018
S.No.	List of Items	Debit Balances	Credit Balances
1	Capital		2,40,000
2	Opening Stock	85,000
3	Furniture	26,000
4	Purchases	89,500
5	Cash	73,000
6	Carriage	3,000
7	Sales		2,25,000
8	Building	1,20,000
9	Returns Inward	19,000
10	Returns Outwards		3,500
11	Trade Expenses	10,000
12	Discount Received		9,700
13	Salary	30,000
14	Office Rent	22,700
	Total	4,78,200	4,78,200

Question 4:

Prepare the Trial Balance of Ankit as on 31st March, 2022. 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, 2022
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 (Bal.fig.)		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