Class11th

25. Following are balances from the trial balance of Ritesh Traders as at 31st March 2023: Particulars Rs. Particulars Rs. Opening StockPurchasesSalesWagesCarriage InwardFreight on PurchaseSalariesInsuranceRepair to Machinery 5,6201,54,2003,74,8001,26,0009004,9008,0002,8001,400 Interest on SecuritiesLand and BuildingSecuritiesCash in HandBank OverdraftDiscount AllowedDiscount ReceivedBills PayableLoan (Cr.) 6,40010,00,0006,00,00025,6003,40,0001,5004204,00011,000 Prepare Trading and Profit & Loss Account for the year ended 31st March 2023 … Read more

24. From the following Trial Balance and other information prepare Trading and Profit and Loss Account for the year ended 31st March 2016 and Balance Sheet as at that date. Head of Accounts Debit (Rs.) Credit (Rs.) Sundry DebtorsStock (1st April 2015)Cash in hand Cash at bankPlant and MachinerySundry CreditorsTrade ExpensesSalesSalariesCarriage OutwardsRentBills PayablePurchasesDiscountsPremisesCapital (1st April … Read more

23. Following is the Trial Balance as on 31st March 2016. Prepare Trading and Profit and Loss Account and Balance Sheet: Particulars Debit(Rs.) Credit(Rs.) Stock (1st April 2015)SalesPurchasesProductive WagesSalariesStores ConsumedCarriageRent and RatesInsuranceMachineryBuildingCapital less DrawingsSundry DebtorsSundry Creditors 8,0001,26,00056,50016,0006,0503,0505,2001,32052,00067,00044,000 2,20,000 1,45,60020,000 Particulars Debit (Rs.) Credit (Rs.) Secured LoanFurnitureGeneral Expenses Cash in handBad DebtsBank 3,3502,6001,9301,0206,580 15,000 4,00,600 4,00,600 Additional … Read more

22. From the following Trial Balance of Sh. Swamy Narain, prepare Trading and Profit & Loss Account for the year ended 31st March 2023 and a Balance Sheet as at that date: Debit Balances Rs. Credit Balances Rs. Opening StockPurchasesGeneral ExpensesStationeryWagesTrade ChargesRentCharityAdvertisement Expenses 50,0005,30,00045,0006,0002,15,00025,00044,0005,00030,000 CapitalSalesSundry CreditorsTrade Charges due but not paidOutstanding RentBank Balance 20,00,00012,50,0001,36,0005,0004,00045,000 Debit Balances … Read more

21. The following Trial Balance has been extracted from the books of Shri Santosh Kumar as at 31st March, 2023: Dr. (Rs.) Cr. (Rs.) Plant and MachineryFurnitureCapital AccountHousehold ExpensesSalesLoose ToolsGoodwillOpening Stock (1-4-2022)Returns OutwardDiscountPurchasesReturns Inwards 1,00,00012,00016,00020,00010,00020,000 2,12,0008,000 1,91,0004,68,000 4,0006,000 Particulars Debit (Rs.) Credit (Rs.) WagesSalariesOutstanding SalariesInvestments at 10% p.a.Interest on InvestmentsSundry CreditorsMiscellaneous ReceiptsCarriage InwardsGeneral Expenses and InsuranceAdvertisement … Read more

20. From the following Trial Balance of Geeta, you are required to prepare: (i) Trading and Profit and Loss Account for the year ended on 31st March, 2019, and (ii) Balance Sheet as at that date. Debit Balances Rs. Credit Balances Rs. Stock on 01.04.2018Plant and Machinery RentDepreciation on Plant and MachineryWagesSalary for 11 monthsCashPurchasesDebtorsDiscountCarriage … Read more

19. From the following Trial Balance extracted from the books of Sh. Pawan Kumar, prepare a Trading  Account, Profit & Loss Account for the year ended 31st March, 2023 and a Balance Sheet as at that date: Debit Balances Rs. Credit Balances Rs. DrawingsPlant and MachineryHorses and CartsDebtorsPurchasesWagesCash at BankSalariesRepairsStock (1-4-2022)Stock (31-3-2023)Rent 1,20,00012,00,0002,60,0003,40,0002,00,00080,0002,60,00080,0005,00070,00092,00045,000 CapitalCreditorsSalesBills PayableInterest … Read more

18. Extracts of Trial Balance as at 31st March 2023: Dr. (Rs.) Cr. (Rs.) Sundry Debtors (including Dewan for dishonoured Bill of Rs. 20,000)Provision for Doubtful DebtsBad Debts 4,80,000 –10,000 –24,000– Adjustments: The following adjustments are to be made: ¾ th of Dewan’s bill is irrevocable. Create a provision of 6% on Sundry Debtors  Show … Read more

17. From the following Trial Balance of Mr. Alok, 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. DrawingsBills ReceivableMachineryDebtors (including X for dishonoured Bill of Rs. 1,000)WagesReturns InwardPurchasesRentStock (01-04-2022)SalariesTravelling ExpensesInsuranceCashRepairsInterest on LoanDiscount AllowedBad-DebtsFurniture 5,2754,75014,40030,00020,4852,3901,28,2952,81044,8405,500 9452009,7501,6855002,4351,8104,480 CapitalLoan … Read more

16. (A) On 31st March, 2023 the following Trial Balance was extracted from the books of Sh.  Ghanshyam Das: Dr. (Rs.) Cr. (Rs.) Capital AccountDebtors and CreditorsLoan on MortgageInterest on LoanDiscountStock on 1st April, 2022Motor VehicleCash at BankInvestment 40,000 2,25020,00050,0004,45016,000 2,00,00025,00030,0001,800 Dr. (Rs.) Cr. (Rs.) WagesLand and BuildingBad-DebtsPurchases and SalesPurchases and Sales ReturnsCarriage OutwardCarriage InwardSalariesOutstanding … Read more