Page No
14.24:
Question
5:
The following are the balances extracted from the books of Mr. A. Mukhopadhyay. Prepare a Trial Balance as on 31st March, 2021:
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` |
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` |
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Cash |
2,000 |
Sundry
Creditors |
40,000 |
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Capital |
80,000 |
Investment |
8,000 |
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Purchases |
85,000 |
Plant
and Machinery |
15,000 |
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Sales |
1,08,400 |
Building |
20,000 |
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Purchases
Return |
6,000 |
Furniture |
6,000 |
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Sales
Return |
4,000 |
Electricity |
700 |
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Transportation |
1,800 |
Postage |
400 |
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Discount
Allowed |
500 |
Drawings |
8,000 |
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Printing |
5,000 |
Salaries |
6,000 |
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Sundry
Debtors |
70,000 |
Travelling
Expenses |
2,000 |
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Input
CGST A/c |
2,500 |
Output
CGST A/c |
1,500 |
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Input
SGST A/c |
2,500 |
Output
SGST A/c |
1,500 |
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Input
IGST A/c |
4,000 |
Output
IGST A/c |
6,000 |
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Answer:
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Trial
Balance as
on March 31, 2021 |
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S.No. |
List
of Items |
Debit
Balances |
Credit
Balances |
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1 |
Cash |
2,000 |
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2 |
Capital |
|
80,000 |
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3 |
Purchases |
85,000 |
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4 |
Sales |
|
1,08,400 |
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5 |
Purchases
Return |
|
6,000 |
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6 |
Sales
Return |
4,000 |
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7 |
Transportation |
1,800 |
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8 |
Discount
Allowed |
500 |
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9 |
Printing |
5,000 |
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10 |
Sundry
Debtors |
70,000 |
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11 |
Input
CGST A/c |
2,500 |
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12 |
Input
SGST A/c |
2,500 |
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13 |
Input
IGST A/c |
4,000 |
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14 |
Sundry
Creditors |
|
40,000 |
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15 |
Investments |
8,000 |
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16 |
Plant
& Machinery |
15,000 |
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17 |
Building |
20,000 |
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18 |
Furniture |
6,000 |
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19 |
Electricity |
700 |
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20 |
Postage |
400 |
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21 |
Drawings |
8,000 |
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22 |
Salaries |
6,000 |
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23 |
Travelling
Expenses |
2,000 |
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24 |
Output
CGST A/c |
|
1,500 |
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25 |
Output
SGST A/c |
|
1,500 |
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26 |
Output
IGST A/c |
|
6,000 |
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Total |
2,43,400 |
2,43,400 |
Page No
14.24:
Question
6:
From the following information, prepare a Trial Balance of M/s. Prayag for the year ended 31st March, 2021:
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` |
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` |
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Capital
Accounts |
1,25,000 |
Sales |
1,54,500 |
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Furniture
and Fittings |
6,400 |
Bank
(Cr. Balance) |
28,500 |
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Motor
Car |
62,500 |
Purchase
Returns |
1,250 |
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Buildings |
75,000 |
Commission
(Cr.) |
3,750 |
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Total
Debtors |
38,000 |
Sales
Return |
2,000 |
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Total
Creditors |
25,000 |
Advertisement |
2,500 |
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Bad
Debts |
1,250 |
Interest
Account (Dr.) |
1,180 |
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Stock
(1st April 2018) |
34,600 |
Cash
Balance |
6,500 |
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Purchases |
54,750 |
Insurance
and Taxes |
12,500 |
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Input
IGST A/c |
3,000 |
Salaries |
40,820 |
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Output
CGST A/c |
1,500 |
Output
SGST A/c |
1,500 |
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Answer:
|
Trial
Balance as
on March 31, 2021 |
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S.No. |
List
of Items |
Debit
Balances |
Credit
Balances |
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1 |
Capital
Accounts |
|
1,25,000 |
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2 |
Furniture
& Fittings |
6,400 |
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3 |
Motor
Car |
62,500 |
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4 |
Buildings |
75,000 |
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5 |
Total
Debtors |
38,000 |
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6 |
Total
Creditors |
|
25,000 |
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7 |
Bad
Debts |
1,250 |
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8 |
Opening
Stock |
34,600 |
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9 |
Purchases |
54,750 |
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10 |
Input
IGST A/c |
3,000 |
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11 |
Output
CGST A/c |
|
1,500 |
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12 |
Sales |
|
1,54,500 |
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13 |
Bank
Overdraft |
|
28,500 |
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14 |
Purchases
Return |
|
1,250 |
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15 |
Commission
(Cr.) |
|
3,750 |
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16 |
Sales
Return |
2,000 |
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17 |
Advertisement |
2,500 |
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18 |
Interest
Account (Dr.) |
1,180 |
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19 |
Cash
Balance |
6,500 |
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|
20 |
Insurance
& Tax |
12,500 |
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|
21 |
Salaries |
40,820 |
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22 |
Output
SGST A/c |
|
1,500 |
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Total |
3,41,000 |
3,41,000 |