Question 5:
The following are the balances extracted from the books of Arvind. Prepare a Trial Balance as on 31st March, 2022:
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|
|
|
|
|
|
` |
|
` |
||
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 |
||
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|
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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:
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|
|
|
|
|
` |
|
` |
|
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:
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|
|
|
|
|
|
` |
|
` |
||
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 |
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|
Answer:
Trial Balance |
||||
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) |
Bad Debts |
|
260 |
- |
|
|
|
2,64,190 |
2,64,190 |
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Ts Grewal Solution 2022-2023
Class 11th
Chapter 14 – Trail Balance
Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12
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