5. The following are the balances extracted from the books of Arvind. Prepare a Trial Balance as on 3lst March, 2024: ₹ ₹ 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 … Read more
4. Prepare the Trial Balance of Mahesh as on 31lst March, 2024. He has omitted to open a Capital Account: ₹ ₹ Bank Overdraft 95,000 Purchases 4,45,000 Sales 8,10,000 Cash in Hand 8,500 Purchases Return 22,500 Creditors 2,15,000 Debtors 4,00,500 Sales Return 15,750 Wages 96,000 Equipment 25,000 Capital ? Opening Stock 3,00,500 T.S.Grewal/2024 Edition/Practical … Read more
3. Prepare a Trial Balance from the following items: ₹ ₹ Capital 3,40,000 Building 1,20,000 Opening Stock 85,000 Returns Inward 19,000 Furniture 1,26,000 Returns Outward 3,500 Purchases 89,500 Trade Expenses 10,000 Cash 73,000 Discount Received 9,700 Carriage 3,000 Salary 30,000 Sales 2,25,000 Office Rent 22,700 T.S.Grewal/2024 Edition/Practical Problems/Q-03 For full question, please refer to … Read more
2. Journalise the following transactions, post them into Ledger and prepare a Trial Balance: 2024 2024 April 1 Vijay commenced business with cash 1,00,000 April 20 Received cash from GopalDiscount Allowed 3,95050 April 3 Bought goods 5,000 April 25 Paid wages 700 April 4 Sold goods to Gopal 4,000 April 27 Paid to Ram in … Read more
1. Prepare a Trial Balance with the following information: Sr. No. Name of Account Balance (₹) Sr. No. Name of Account Balance (₹) (i) Capital 5,00,000 (v) Stock 70,000 (ii) Cash 1,80,000 (vi) Debtors 6,00,000 (iii) Creditors 1,00,000 (vii) Bank Loan 1,50,000 (iv) Sales 3,00,000 (viii) Purchases 2,00,000 T.S.Grewal/2024 Edition/Practical Problems/Q-01 For full question, … Read more
40. The following balances were extracted from the books of Mr. Din Dayal as at 31st March, 2023 Particulars Rs. Particulars Rs. Stock at the beginningRent 41,0009,600 PurchasesSale 2,20,0002,80,000 Particulars Rs. Particulars Rs. SalaryBad-DebtsProvision for Doubtful DebtsTravelling ExpensesInsurance PremiumProprietor’s WithdrawalsTelephone Charges Printing and AdvertisingCommission (Cr.)Rent from SubletLand and BuildingFurnitureCash 20,0004003,0001,4001,8004,0007,3005,0006,0004,8001,40,00010,0002,900 Returns (Dr.)Returns (Cr.)Carriage InwardCarriage OutwardCapitalLoan … Read more
39. From the following Trial Balance of Mr. Tarun Ghosh, prepare Trading and Profit and Loss A/c for the year ending 31st March, 2020 and a Balance Sheet as at that date: Debit Balances Rs. Credit Balances Rs. Opening StockPurchasesWages Factory OfficeSalaryBusiness PremisesFurniture and FixturesPacking MachineryToolsRentLoan to Mr. Ram Narain on 1st November, 2019 @ … Read more
38. The following Trial Balance was extracted from the books of Mr. Gupta as at 31st March, 2023: Debit Balances Rs. Credit Balances Rs. Stock on 1-4-2022PurchasesWagesTrade ExpensesFreight and Dock Charges 65,0007,10,00022,0005,0008,000 CapitalRent ReceivedLoan from Mr. Yadav @ 15% p.a.SalesDiscount 2,50,0003,90020,0009,50,000600 Debit Balances Rs. Credit Balances Rs. Travelling Expense Lighting and Heating (Factory)Stores ConsumedRent PaidEstablishment … Read more
37. From the following Trial Balance of Sh. Parveen Kumar, prepare Trading and Profit & Loss Account for the year ending 31st March, 2023 and a Balance Sheet as at that date: Debit Balances Rs. Credit Balances Rs. Stock at CommencementPurchasesReturns InwardSundry DebtorsCashManufacturing ExpensesTrade ExpensesCarriageSalaries and WagesPostageStationeryFreight InwardsLand and BuildingPatentsFurnitureInsurance Premium 40,0003,20,0007,00080,0009,40044,0007,2003,50015,8001,5008004,3002,00,0008,00010,0006,000 SalesLoan from Mr. … Read more
36. From the following information prepare financial Statements of M/s Raj & Bros, for the year ending March 31, 2020. Dr. Bal.(Rs.) Cr. Bal.(Rs.) Stock (1-4-2019)Sales ReturnsPurchasesFreight-inRent and TaxesSalariesTrade debtorsBank interestPrinting and Advertising 16,8008,0002,43,0008,6005,7009,30024,0001,00014,600 CapitalSalesReturns OutwardTrade Creditors10% Bank Loan (1-7-2019)Income from InvestmentDiscount Received 78,0003,09,0005,7004,80024,0003,6002,250 Cash at bankDiscount AllowedInvestmentFurnitureGeneral ExpensesAudit FeesInsuranceTravelling ExpensesPlant & MachineryDrawings 18,3001,34025,0003,8003,6105008003,00030,00010,000 4,27,350 … Read more