Q.16 Prepare Trial balance from the following balances as at 31st March,2017:
Particulars Amount(Rs.) Particulars Amount(Rs.)
Stock (01-04-2016)
Purchases
Sales
Wages
Salaries
Repairs charges
Commission received
Sundry Debtors
Sundry Creditors
Capital
Drawings 28,800
82,000
1,60,000
16,160
6,400
500
800
24,200
7,300
90,000
4,400 Return Inwards
Return Outwards
Carriage Inwards
Carriage Outwards
Furniture
Motor car
Cash in hand
Bank overdraft
Investment
Interest on Investment 7,500
5,600
1,640
3,200
12,000
80,000
4,700
25,400
20,000
2,400
Answers
Answer:
Date Particulars L.F. Cash Bank Date Particulars L.F. Cash Bank
2015 ₹ ₹ 2015 ₹ ₹
Jan. 1 To Capital A/c 5,00,000 Jan. 2 By Bank A/c C 4,30,000
Jan. 2 To Cash A/c C 4,30,000 Jan. 3 By Purchases A/c 42,000
Jan. 10 To Sales A/c 36,000
Jan. 12 To Sales A/c 20,000 Jan. 20 By Mukesh 5,52,000
Jan. 27 By Rent A/c 8,000
Jan. 15 To Navdeep 4,70,000
Jan.18 To Onkareshwar 2,65,000
5,36,000 11,85,000 4,38,000 5,94,000
Jan. 31 By Balance c/d 98,000 5,91,000
5,36,000 11,85,000 5,36,000 11,85,000
Feb. 1 To Balance b/d 98,000 5,91,000
CAPITAL ACCOUNT
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015 ₹ 2015 ₹
Jan. 31 To Balance c/d 5,00,000 Jan. 1 By Cash A/c 5,00,000
Feb.1 By Balance b/d 5,00,000
PURCHASES ACCOUNT
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015 ₹ ₹
Jan. 3 To Bank A/c 42,000
Jan. 31 To Sundries as per Purchase Book
6,40,000
PURCHASES RETURN ACCOUNT
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
₹ 2015 ₹
Jan. 31 By Sundries as per Purchase Return Book
10,000
SALES ACCOUNT
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
₹ 2015 ₹
Jan. 10 By Cash A/c 36,000
Jan. 12 By Bank A/c 20,000
Jan. 31 By Sundries as per Sales Book
9,25,000
Explanation:
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