9. A book-keeper extracted the following Trial Balance as at 3 1st March, 2023: Name of Accounts Balance Dr. ₹ Balance Cr.₹ Stock on 1.4.2022 2,50,000 Purchases 6,50,000 Sales 10,00,000 Motor Vans 3,80,000 Debtors and Creditors 1,50,000 94,000 Premises 3,00,000 Shop fittings 20,000 Interest on Bank Overdraft 16,000 Purchase Returns 10,000 Sales Returns 20,000 Lighting … Read more
8. The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in a correct form and give necessary notes : TRIAL BALANCE For the year ending 31st March, 2023 Particulars Rs. Particulars Rs. Cash in Hand 5,200 Bank Overdraft 16,400 Plant & Machinery 75,000 Capital 50,000 Typewriter 6,400 Goodwill 8,000 Stock (1-4-2022) … Read more
7. Following is the Trial Balance as at 31st March, 2015 : Name of Accounts L.F. Debit₹ Credit₹ Capital 3,20,000 Fixed Assets 1,80,000 Drawings 60,000 Debtors 2,40,000 Creditors 1,80,000 Purchases 7,10,000 Sales 10,50,000 Bank Balance 45,000 Cash in Hand 30,000 Salary 1,65,000 Rent 1,20,000 15,50,000 15,50000 Having prepared the Trial Balance, it was discovered that … Read more
6. The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form: Name of Accounts Balance Debit₹ Balance Credit₹ Land and Building 1,20,000 Plant and Machinery 92,000 Wages 18,200 Discount Allowed 1,620 Discount Received 730 Purchases 126,000 Sales 2,40,000 Return Inwards 6,500 Return Outwards 3,370 Opening Stock 15,000 Debtors … Read more
5. From the following ledger balances prepare trial balance : Capital ₹20,800, Rent outstanding ₹1,420, Amount due to Param, ₹15,000, Drawing ₹2,800, Goodwill ₹12,000, Interest received ₹2,000, Discount received ₹1,580, Amount due from Deepan ₹26,000. D.K.Goel/2024 Edition/Practical Questions/Q-05 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal … Read more
4. Following balances were extracted from the books of Ravinder Associates as at 31st March, 2023: Name of Accounts Rs. Name of Accounts Rs. Sundry Debtors 4,10,000 Stock (April 1, 2022) 2,30,000 Sundry Creditors 80,000 Premises 12,00,000 Rent and Taxes 48,000 Fixtures & Fittings 3,10,000 Purchases 34,00,000 Bad Debts written of 8,000 Sales 56,00,000 Rent … Read more
3. (A) Prepare a Trial Balance from the following balances as at 31st March, 2023 Name of Accounts Rs. Name of Accounts Rs. Stock on 1-4-2022 28,800 Returns Inwards 7,500 Purchases 82,000 Returns Outwards 5,600 Sales 1,60,000 Carriage Inwards 1,640 Wages 16,160 Carriage Outwards 3,200 Salaries 6,400 Furniture 12,000 Repair Charges 500 Motor Car 80,000 … Read more
2. From the following balances, taken from the books of M/s Dwarka Prashad & Sons as at 31st March 2023, prepare a Trial Balance in proper form : Name of Accounts Rs. Name of Accounts Rs. Cash in Hand 4,500 Machinery 24,000 Bank Overdraft 8,000 Land & Buildings 50,000 Opening Stock 20,000 Debtors 18,400 Purchases … Read more
1. Given below is a Cash Book and Ledger extracts relating to the books of M/s Ram Chander & Sons as at 3lst January 2020. You are required to prepare a Trial Balance. Dr. CASH BOOK Cr. Date Particulars L.F. Cash Bank Date Particulars L.F. Cash Bank 2020 ₹ ₹ ₹ ₹ Jan.1 To Capital … Read more