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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 (1^st 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

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Ts Grewal Solution 2022-2023

Class 11th

Chapter 14 – Trail Balance

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Question No. 5 To 8
Question No. 9 To 12

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