Page No 14.24:
Question 7:
From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March, 2021:
|
|
|
|
|
|
|
|
|
` |
|
` |
||
|
Capital |
75,00,000 |
Building |
7,50,000 |
||
|
Plant |
15,00,000 |
Stock
on 1st April, 2020 |
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 |
||
|
Furniture |
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, 2021 |
|||
|
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 |
Furniture |
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 |
Page No 14.25:
Question
8:
From the following Ledger account balances extracted from the books of Ashok, prepare a Trial Balance as on 31st March, 2021:
|
|
` |
|
` |
|
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 |
||||
|
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 |
|
|
|
|
|
|