commercemine.com

11th | Trail Balance | Question No. 5 To 8 | Ts Grewal Solution 2022-2023

Question 5:


The following are the balances extracted from the books of Arvind. Prepare a Trial Balance as on 31st March, 2022:

 

 

 

 

 

 

`

 

`

Cash

2,000

Sundry Creditors

40,000

Capital

80,000

Investment

8,000

Purchases

85,000

Plant and Machinery

15,000

Sales

1,08,400

Building

20,000

Purchases Return

6,000

Furniture

6,000

Sales Return

4,000

Electricity

700

Transportation

1,800

Postage

400

Discount Allowed

500

Drawings

8,000

Printing

5,000

Salaries

6,000

Sundry Debtors

70,000

Travelling Expenses

2,000

Input CGST A/c

2,500

Output CGST A/c

1,500

Input SGST A/c

2,500

Output SGST A/c

1,500

Input IGST A/c

4,000

Output IGST A/c

6,000

 

 

 

 

 

 

Answer:


Trial Balance

as on March 31, 2022

S.No.

List of Items

Debit Balances

Credit Balances

1

Cash

2,000

-

2

Capital

-

80,000

3

Purchases

85,000

-

4

Sales

-

1,08,400

5

Purchases Return

-

6,000

6

Sales Return

4,000

-

7

Transportation

1,800

-

8

Discount Allowed

500

-

9

Printing

5,000

-

10

Sundry Debtors

70,000

-

11

Input CGST A/c

2,500

-

12

Input SGST A/c

2,500

-

13

Input IGST A/c

4,000

-

14

Sundry Creditors

 -

40,000

15

Investments

8,000

-

16

Plant & Machinery

15,000

-

17

Building

20,000

-

18

Furniture

6,000

-

19

Electricity

700

-

20

Postage

400

-

21

Drawings

8,000

-

22

Salaries

6,000

-

23

Travelling Expenses

2,000

-

24

Output CGST A/c

-

1,500

25

Output SGST A/c

-

1,500

26

Output IGST A/c

-

6,000

 

Total

2,43,400

2,43,400

Question 6:


From the following information, prepare a Trial Balance of M/s. Prayag for the year ended 31st March, 2022:      

 

 

 

 

 

 

`

 

`

Capital Accounts

1,25,000

Sales

1,54,500

Furniture and Fittings

6,400

Bank (Cr. Balance)

28,500

Motor Car

62,500

Purchase Returns

1,250

Buildings

75,000

Commission (Cr.)

3,750

Total Debtors

38,000

Sales Return

2,000

Total Creditors

25,000

Advertisement

2,500

Bad Debts

1,250

Interest Account (Dr.)

1,180

Stock (1st April 2018)

34,600

Cash Balance

6,500

Purchases

54,750

Insurance and Taxes

12,500

Input IGST A/c

3,000

Salaries

40,820

Output CGST A/c

1,500

Output SGST A/c

1,500

Answer:


Trial Balance

as on March 31, 2022

S.No.

List of Items

Debit Balances

Credit Balances

1

Capital Accounts

-

1,25,000

2

Furniture & Fittings

6,400

-

3

Motor Car

62,500

-

4

Buildings

75,000

-

5

Total Debtors

38,000

-

6

Total Creditors

 

25,000

7

Bad Debts

1,250

-

8

Opening Stock

34,600

-

9

Purchases

54,750

-

10

Input IGST A/c

3,000

-

11

Output CGST A/c

-

1,500

12

Sales

-

1,54,500

13

Bank Overdraft

-

28,500

14

Purchases Return

-

1,250

15

Commission (Cr.)

-

3,750

16

Sales Return

2,000

-

17

Advertisement

2,500

-

18

Interest Account (Dr.)

1,180

-

19

Cash Balance

6,500

-

20

Insurance & Tax

12,500

-

21

Salaries

40,820

-

22

Output SGST A/c

-

1,500

 

Total

3,41,000

3,41,000

Question 7:


From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March, 2022:

 

 

 

 

 

 

  `

 

  `

Capital

75,00,000

Building

7,50,000

Plant

15,00,000

Stock on 1st April, 2018

12,50,000

Cash in Hand

2,500

Cash at Bank

5,75,000

Commission Received    

1,75,000

Rates, Taxes and Insurance  

30,000

Discount (Dr.)

55,000

Discount (Cr.)

45,000

Purchases Return

50,000

Sundry Creditors 

2,50,000

Interest Received

30,000

Sales

62,50,000

Repairing Charges

1,25,000

Book Debts

15,00,000

General Expenses

3,00,000

Rent

62,500

Wages

5,00,000

Purchases

48,00,000

Furnitures

1,20,000

Carriage and Freight

75,000

Sales Return

90,000

Delivery Van

5,00,000

Loan Advanced

6,00,000

Travelling Expenses

50,000

Office Salaries

6,25,000

Drawings

6,00,000

Answer:


Trial Balance

as on March 31, 2022

S.No.

List of Items

Debit Balances

Credit Balances

1

Capital

-

75,00,000

2

Plant

15,00,000

-

3

Cash in Hand

2,500

-

4

Commission Received

-

1,75,000

5

Discount (Dr.)

55,000

-

6

Purchases Return

-

50,000

7

Interest Received

-

30,000

8

Repairing Charges

1,25,000

-

9

General Expenses

3,00,000

-

10

Wages

5,00,000

-

11

Furnitures

1,20,000

-

12

Sales Return

90,000

-

13

Loan Advanced

6,00,000

-

14

Office Salaries

6,25,000

-

15

Building

7,50,000

-

16

Opening Stock

12,50,000

-

17

Cash at Bank

5,75,000

-

18

Rates, Taxes & Insurance

30,000

-

19

Discount (Cr.)

-

45,000

20

Sundry Creditors

-

2,50,000

21

Sales

-

62,50,000

22

Book Debts

15,00,000

-

23

Rent

62,500

-

24

Purchases

48,00,000

-

25

Carriage & Freight

75,000

-

26

Delivery Van

5,00,000

-

27

Travelling Expenses

50,000

-

28

Drawings

6,00,000

-

29

Suspense A/c

1,90,000

-

 

Total

1,43,00,000

1,43,00,000

 

Question 8:


From the following Ledger account balances extracted from the books of R.J. Gupta, prepare a Trial Balance as on 31st March, 2022:
 

 

`

 

`

Purchases

1,04,000

Drawings

7,950

Sundry Debtors

18,550

Sundry Creditors

8,300

Premises

62,000

Returns Inward

5,360

Sales

1,49,000

Furniture

15,600

Returns Outward

8,900

Cash in Hand

390

Rates and Taxes

780

Capital

85,000

Cash at Bank

1,560

Factory wages

5,830

Carriage Inwards

650

Carriage Outwards

260

Salaries

3,900

Rent Received

2,990

Stock (1st April, 2018)

25,000

Insurance

2,100

Input IGST A/c

5,000

Bad Debts

260

Input CGST A/c

2,500

Output IGST A/c

10,000

Input SGST A/c

2,500

 

 

Answer:


Trial Balance
as on March 31, 2022

S. No.

Particulars

L.F.

Debit

Balance

(` in 000')

Credit

Balance

(` in 000')

(i)

Purchases

 

1,04,000

-

(ii)

Sundry Debtors

 

18,550

-

(iii)

Premises

 

62,000

-

(iv)

Sales

 

-

1,49,000

(v)

Return Outwards

 

-

8,900

(vi)

Rates and Taxes

 

780

-

(vii)

Cash at Bank

 

1,560

-

(viii)

Carriage Inwards

 

650

-

(ix)

Salaries

 

3,900

-

(x)

Stock (1st April, 2014)

 

25,000

-

(xi)

Drawings

 

7,950

-

(xii)

Sundry Creditors

 

- 

8,300

(xiii)

Return Inwards

 

5,360

-

(xiv)

Furniture

 

15,600

-

(xv)

Cash in hand

 

390

-

(xvi

Capital

 

- 

85,000

(xvii)

Factory Wages

 

5,830

- 

(xviii)

Carriage Outwards

 

260

- 

(xix)

Rent Received

 

- 

2,990

(xx)

Insurance

 

2,100

- 

(xxi)
(xxii)
(xxiii)
(xxiv)
(xxv)

Bad Debts
Input IGST A/c
Input CGST A/c
Input SGST A/c
Output IGST A/c

 

260
5,000
2,500
2,500

-
-
-
-
10,000

 

 

 

2,64,190

2,64,190

 

 

 

 

 

 

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