commercemine.com

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

 

Click below for more Questions

Ts Grewal Solution 2022-2023

Class 11th

Click on below links for 

11th TS Grewal’s Accountancy Solutions

Ts Grewal Solution 2022-2023

Ts Grewal Solution 2021-2022

Ts Grewal Solution 2020-2021