10/17/2014
Trial Balance :: Problems & Solutions
Trial Balance :: Problems & Solutions
No. Problems & Solutions
01.
Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance
Oct 1st : Neel started business with a capital of Rs. 80,000
Basic Accounting Proce ss
C onsignm e nt Accounting
3rd : Bought goods from Karl on credit Rs. 20,000
Bank R e conciliation State m e nt
4th : Sold goods to Tarl Rs.25,000
Partne rship Accounts
5th : C ash purchases Rs. 25,000
Final Accounts
7th : C ash sales Rs. 15,000
9th : Goods retuned to Karl Rs. 2,000
10th : Bought furniture for Rs.15,000
11th : C ash paid to Karl Rs. 12,000
12th : Goods returned from Tarl Rs. 3,000
Search
14th : Goods taken by Neel for personal use Rs. 3,000
15th : C ash received from Tarl Rs. 12,000
16th : Took loan from Parl Rs. 30,000
Search
17th : Salary paid Rs. 5,000
18th : Bought stationery for Rs. 1,000
19th : Amount paid to Parl on loan account Rs. 18,000
Proce ss C osting
20th : Interest received for Rs. 4,000
Standard C osting
(Variance Analysis)
Funds Flow C ash Flow
Solution
Solution Hide/Show
Journal in the books of Mr. Ramu for the period from July 1st, 2005 to July 30th, 2005
Date
July 1st
V/R
No.
Particulars
C ash a/c
L/F
Dr
To C apital a/c
Debit Amount Credit Amount
(in Rs)
(in Rs)
Probability
The ory of Ex pe ctation
75,000
Pe rm utations C om binations
75,000
(R andom Variable )
[Being the amount received from Mr.
Ramu, the proprietor as his capital
contribution vide receipt no:___
dated:__]
July 1st
Goods/Stock a/c
Dr
To Manu a/c
25,000
25,000
[Being the value of stock purchased from
C A PE-II
Mr. Manu vide bill no:___ dated:__ ]
July 2nd
Sonu a/c
C A PC C
Dr
To Goods/Stock a/c
C A Final
20,000
20,000
[Being the value of stock sold to [Link]
Goods/Stock a/c
C W A Foundation
C W A Inte r
vide bill no:___ dated:__ ]
July 3rd
C A C PT
C W A Final
Dr
To Meenu a/c
15,000
C S Foundation
15,000
[Being the value of stock purchased from
C S Inte r
C S Final
[Link] on credit vide bill no:___
dated:__ ]
July 4th
C ash a/c
Dr
To Goods/Stock a/c
16,000
16,000
[Being the value of stock sold to Mr. Tanu
for cash vide receipt no:___ dated:__ ]
July 5th
Manu a/c
Dr
To Goods/Stock a/c
2,000
2,000
[Being the value of stock returned to Mr.
Manu vide bill no:___ dated:__ ]
July 6th
Furniture a/c
Dr
To C ash a/c
15,000
15,000
[Being the value of furniture purchased
from M/s ___vide bill no:___ dated:__ ]
July 7th
Goods/Stock a/c
To Zenu a/c
Dr
12,000
12,000
[Link]
1/7
10/17/2014
Trial Balance :: Problems & Solutions
[Being the value of stock Purchased from
Mr. Zenu vide bill no:___ dated:__ ]
July 8th
Dr
Manu a/c
To C ash a/c
10,000
10,000
[Being the amount paid to Mr. Manu vide
vocher no:___ dated:__ ]
July 9th
Dr
Jane a/c
To Goods/Stock a/c
13,500
13,500
[Being the value of stock Sold to [Link]
vide bill no:___ dated:__ ]
July 10th
Dr
Goods/Stock a/c
To Sonu a/c
3,000
3,000
[Being the value of stock returned from
Mr. Sonu vide bill no:___ dated:__ ]
July 11th
Dr
C ash a/c
To Jane a/c
5,500
5,500
[Being the amount of cash received from
Ms. Jane vide cash receipt no:___
dated:__ ]
July 12th
Dr
Drawings a/c
To Good/stock a/c
3,000
3,000
[Being the amount of stock taken by
Ramu for domestic use vide bill no:___
dated:__ ]
July 13th
Dr
Zenu a/c
To Goods/stock a/c
1,000
1,000
[Being the amount of stock returned to
Mr. Zenu vide bill no:___ dated:__ ]
July 14th
Dr
C ash a/c
To Sonu a/c
12,000
12,000
[Being the amount of cash received from
Mr. Sonu vide cash receipt no:___
dated:__ ]
July 15th
Dr
Machinery a/c
To C ash a/c
18,000
18,000
[Being the amount paid for machinery
purchased to M/s ____vide vocher
no:___ dated:__ ]
July 16th
Dr
C ash a/c
To Furniture a/c
1,000
1,000
[Being the amount received on sale of
furniture vide cash receipt no:___
dated:__ ]
July 17th
Dr
Drawings a/c
To C ash a/c
1,500
1,500
[Being the amount of cash paid for
bicycle purchases for proprietor's son
vide vocher no:___ dated:__ ]
July 19th
Dr
C ash a/c
To Goods/Stock a/c
15,000
15,000
[Being the value of stock sold for cash
vide receipt no:___ dated:__ ]
July 20th
Dr
Goods/Stock a/c
To C ash a/c
13,500
13,500
[Being the value of stock Purchased for
vide vocher no:___ dated:__ ]
Dr
Cash a/c
Date
Particulars
J/F
Am ount
(in Rs)
Date
Cr
Particulars
J/F
Am ount
(in Rs)
01/07/05
To C apital a/c
75,000
05/07/05
By Furniture a/c
15,000
04/07/05
To Goods/Stock a/c
16,000
08/07/05
By Manu a/c
10,000
11/07/05
To Jane a/c
5,500
15/07/05
By Machinery a/c
18,000
14/07/05
To Sonu
12,000
17/07/05
By Drawings a/c
1,500
16/07/05
To Furniture a/c
1,000
17/07/05
By Goods/Stock a/c
13,500
19/07/05
To Goods/Stock a/c
30/07/05
By Balance c/d
sub-total
Total
31/07/05
To Balance b/d
15,000
sub-total
1,24,500
Dr
66,500
Total
1,24,500
58,000
1,24,500
66,500
Capital a/c
Date
Particulars
J/F
Am ount
(in Rs)
Date
01/07/05
sub-total
30/07/05
To Balance c/d
Cr
Particulars
By C ash a/c
J/F
Am ount
(in Rs)
sub-total
75,000
75,000
75,000
[Link]
2/7
10/17/2014
Trial Balance :: Problems & Solutions
75,000
Total
31/07/05
Dr
75,000
Total
By Balance b/d
75,000
Goods/Stock a/c
Date
Particulars
01/07/05
03/07/05
07/07/05
10/07/05
20/07/05
To Manu a/c
To Meenu a/c
To Zenu a/c
To Sonu a/c
J/F
Am ount
(in Rs)
Date
25,000
02/07/05
15,000
04/07/05
12,000
05/07/05
3,000
05/07/05
13,500
05/07/05
13/07/05
To C ash a/c
19/07/05
Cr
Particulars
By Sonu a/c
By Goods /stock a/c
By Manu a/c
By Zane a/c
By Drawings a/c
By Zenu a/c
J/F
Am ount
(in Rs)
15,000
16,000
2,000
13,500
3,000
1,000
15,000
65,500
By C ash a/c
3,000
68,500
sub-total
Total
31/07/05
To Balance b/d
sub-total
68,500
30/07/05
65,500
3,000
Total
68,500
Dr
To Balance c/d
68,500
3,000
Manu a/c
Date
Particulars
J/F
Am ount
(in Rs)
Date
05/07/05
To Goods/Stock a/c
2,000
o8/07/05
To C ash a/c
10,000
30/07/05
To Balance c/d
sub-total
01/07/05
Cr
Particulars
By Goods/Stock a/c
Total
25,000
25,000
13,000
Total
25,000
31/07/05
Dr
sub-total
12,000
J/F
Am ount
(in Rs)
By Balance b/d
25,000
13,000;
Sonu a/c
Date
02/07/05
Particulars
To Goods/Stock a/c
J/F
Total
Am ount
(in Rs)
Date
15,000
J/F
Am ount
(in Rs)
10/07/05
By Goods/stock a/c
3,000
14/07/05
By C ash a/c
12,000
Total
15,000
Dr
Cr
Particulars
15,000
Meenu a/c
Date
Particulars
J/F
Am ount
(in Rs)
Date
03/07/05
sub-total
30/07/05
To Balance c/d
Cr
Particulars
By Goods/Stock a/c
Total
15,000
15,000
15,000
Total
15,000
31/07/05
Dr
Am ount
(in Rs)
sub-total
J/F
By Balance b/d
15,000
15,000;
Furniture a/c
Date
06/07/05
Particulars
To C ash a/c
J/F
sub-total
Am ount
(in Rs)
15,000
Date
14/07/05
Total
To Balance b/d
Particulars
By C ash a/c
Dr
1,000
By Balance c/d
14,000
1,000
Total
15,000
J/F
sub-total
15,000
30/07/05
31/07/05
Cr
Am ount
(in Rs)
15,000
14,000
Zenu a/c
Date
13/07/05
Particulars
To Goods/Stock a/c
J/F
sub-total
30/07/05
To Balance c/d
Am ount
(in Rs)
1,000
Date
07/07/05
Cr
Particulars
By Goods/Stock a/c
Total
12,000
12,000
11,000
Total
12,000
31/07/05
Dr
sub-total
1,000
J/F
Am ount
(in Rs)
By Balance b/d
12,000
11,000;
Jane a/c
Date
09/07/05
Particulars
To Goods/stock a/c
J/F
sub-total
Am ount
(in Rs)
13,500
Date
11/07/05
30/07/05
31/07/05
To Balance b/d
J/F
5,500
By Balance c/d
5,500
8,000
Total
13,500
Dr
Particulars
By C ash a/c
sub-total
13,500
Total
Cr
Am ount
(in Rs)
13,500
8,000
Drawings a/c
Date
Particulars
J/F
Am ount
(in Rs)
13/07/05
To Goods/stock a/c
3,000
17/07/05
To C ash a/c
1,500
Date
Cr
Particulars
J/F
Am ount
(in Rs)
[Link]
3/7
10/17/2014
Trial Balance :: Problems & Solutions
4,500
sub-total
Total
31/07/05
By Balance c/d
4,500
Total
4,500
To Balance b/d
sub-total
30/07/05
4,500
4,500
Dr
Machinery a/c
Date
Particulars
15/07/05
Am ount
(in Rs)
J/F
To C ash a/c
Date
Particulars
J/F
3,000
18,000
sub-total
sub-total
18,000
30/07/05
Total
31/07/05
Cr
Am ount
(in Rs)
By Balance c/d
18,000
Total
18,000
To Balance b/d
18,000
18,000
No. Problems & Solutions
02.
Enter the following transactions in the Journal and post them into ledger.
From the information obtained prepare a Trail Balance.
Nov 10th : Mr. Roy started business with Rs.60,000
11th : Bought furniture from Modern Furniture for Rs. 10,000
12th : Purchased goods for cash Rs. 15,000
13th : Purchased goods from B. Sen & C o for Rs.30,000
14th : Opened a bank account by depositing Rs. 16,000
16th : Sold goods for cash Rs. 15,000
17th : Purchased stationery for Rs.1000 from Bharat Stationery Mart
18th : Sold goods to Zahir Khan for Rs. 10,000
19th : Bought machinery for Rs. 6,000 and payment made by cheque
20th : Goods returned by Zahir Khan for Rs. 2,000
21st : Payment to [Link] &C o by cheque Rs. 5,000
22nd : Withdrew from bank for personal use Rs. 3,000
23rd : Withdrew from bank for office use Rs. 10,000
24th : Interest paid through cheque Rs. 2,000
26th : C heque received from Zahir Khan Rs. 5,000
27th : Paid electricity bill for Rs. 100
29th : C ash sales for Rs. 6,000
30th : C ommission received by cheque Rs. 5,000
Solution
Journal in the books of Mr. Moon for the period from August 10th, 2005 to August 30th, 2005
Date
V/R
No.
August 10th
Particulars
C ash a/c
L/F
Dr
To C apital a/c
Debit Amount Credit Amount
(in Rs)
(in Rs)
1,50,000
1,50,000
[Being the amount received from Mr.
Moon, the proprietor as his capital
contribution vide receipt no:___ dated:__
]
August 11th
Bank a/c
Dr
To C ash a/c
50,000
50,000
[Being the amount of cash deposited into
bank vide bill no:___ dated:__ ]
August 12th
Equipment a/c
Dr
To C ash a/c
15,000
15,000
[Being the value of equipment purchased
from M/s___ for cash vide bill no:___
dated:__ ]
August 13th
Goods/Stock a/c
To Bank a/c
Dr
20,000
20,000
[Being the payment made for stock
[Link]
4/7
10/17/2014
Trial Balance :: Problems & Solutions
purchased vide C heque no:___ dated:__
]
August 14th
Dr
Bank a/c
To Goods/Stock a/c
15,000
15,000
[Being the amount received for stock sold
to Mr. Sun vide C heque no:___ dated:__
]
August 16th
Dr
Rent a/c
To Bank a/c
5,000
5,000
[Being the amount paid for rent vide
vocher no:___ dated:__ ]
August 17th
Dr
C ash a/c
To Loan from Storm a/c
25,000
25,000
[Being the cash received from Mr. Storm
as loan vide receipt no:___ dated:__ ]
August 18th
Dr
Bank a/c
To C ommission a/c
5,000
5,000
[Being the amount received for
commission vide cheque no:___ dated:__
]
August 19th
Dr
Wages a/c
To C ash a/c
15,000
15,000
[Being the amount paid for wages vide
vocher no:___ dated:__ ]
August 20th
Dr
Drawings a/c
To Bank a/c
3,000
3,000
[Being the amount withdrawn from bank
for personal use vide cheque no:___
dated:__ ]
August 21st
Dr
C ash a/c
To Bank a/c
10,000
10,000
[Being the amount withdrawn from bank
for office purpose vide cheque no:___
dated:__ ]
August 22nd
Dr
Goods/Stock a/c
To C ash a/c
25,000
25,000
[Being the amount of cash paid for stock
purchases vide vocher no:___ dated:__ ]
August 23rd
Dr
Bank a/c
To C ash a/c
30,000
30,000
[Being the amount deposited into bank
vide vocher no:___ dated:__ ]
August 24th
Dr
Interest a/c
To Bank a/c
2,000
2,000
[Being the amount of interest paid vide
cheque no:___ dated:__ ]
August 25th
Dr
Loan to Mr. Wind a/c
To C ash a/c
10,000
10,000
[Being the amount of cash given to Mr.
Wind as loan vide vocher no:___
dated:__ ]
August 26th
Dr
Loan from Storm a/c
To C ash a/c
15,000
15,000
[Being the amount paid to Mr. Storm for
repayment of loan vide vocher no:___
dated:__ ]
August 27th
Dr
Salary a/c
To C ash a/c
5,000
5,000
[Being the amount paid for salary to Mr.
Liquid vide vocher no:___ dated:__ ]
August 28th
Dr
Postage a/c
To C ash a/c
1,000
1,000
[Being the amount paid for purchase of
postage vide vocher no:___ dated:__ ]
August 29th
Dr
Bank a/c
To Equipment a/c
3,000
3,000
[Being the C heque no:___ date___
received from Mr. Wind for repayment of
loan]
August 30th
Dr
C ash a/c
To Loan to Mr. Wind a/c
2,000
2,000
[Being the amount received on sale of
equipment vide receipt no:___ dated:__ ]
Dr
Cash a/c
Date
Particulars
J/F
Am ount
Date
Cr
Particulars
J/F
Am ount
[Link]
5/7
10/17/2014
Trial Balance :: Problems & Solutions
(in Rs)
10/08/05
To C apital a/c
17/08/05
To loan from storm
21/08/05
a/c
30/08/05
To Bank a/c
To Equipment
(in Rs)
15,000
11/08/05
By Bank a/c
50,000
12/08/05
By Equipment a/c
15,000
25,000
19/08/05
By Wages a/c
15,000
10,000
22/08/05
By Goods/stock a/c
25,000
2,000
23/08/05
By Bank a/c
30,000
25/08/05
By Loan to Wind a/c
10,000
26/08/05
By Loan from storm
15,000
a/c
27/08/05
By Salaries a/c
28/08/05
By Postage a/c
30/08/05
By Balance c/d
5,000
1,000
21,000
Total
31/07/05
To Balance b/d
Total
1,87,000
Dr
1,87,000
21,000
Capital a/c
Date
30/08/05
Particulars
To Balance c/d
J/F
Am ount
(in Rs)
Date
Cr
Particulars
J/F
10/08/05
By C ash a/c
31/08/05
By Balance b/d
Am ount
(in Rs)
1,50,000
1,50,000
1,50,000
Dr
1,50,000
1,50,000
Bank a/c
Date
Particulars
J/F
Am ount
(in Rs)
Date
Cr
Particulars
J/F
Am ount
(in Rs)
11/08/05
T0 C ash a/c
50,000
13/08/05
By Goods/Stock a/c
20,000
14/08/05
To Goods/Stock a/c
15,000
16/08/05
By Rent a/c
5,000
18/08/05
To C ommission a/c
5,000
20/08/05
By Drawings a/c
3,000
23/08/05
To C ash
30,000
21/08/05
By C ash a/c
10,000
29/08/05
To Loan to Mr wind
24/08/05
By Interest a/c
2,000
a/c
3,000
30/08/05
By Balance c/d
63,000
To Balance b/d
1,03,000
31/08/05
Dr
1,03,000
63,000
Equipment a/c
Date
12/08/05
Particulars
To C ash a/c
J/F
Am ount
(in Rs)
15,000
Date
Cr
Particulars
J/F
Am ount
(in Rs)
30/08/05
By C ash a/c
2,000
30/08/05
By Balance c/d
13,000
15,000
31/08/05
To Balance b/d
Dr
15,000
13,000
Goods/Stock a/c
Date
Particulars
J/F
Am ount
(in Rs)
13/08/05
To Bank a/c
20,000
22/08/05
To C ash a/c
25,000
Date
Cr
Particulars
J/F
Am ount
(in Rs)
14/08/05
By Bank a/c
15,000
30/08/05
By Balance c/d
30,000
45,000
31/08/05
To Balance b/d
Dr
45,000
30,000
Rent a/c
Date
16/08/05
Particulars
To Bank a/c
J/F
Am ount
(in Rs)
Date
Cr
Particulars
J/F
Am ount
(in Rs)
5,000
30/08/05
By Balance c/d
5,000
5,000
31/08/05
To Balance b/d
Dr
5,000
5,000
Loan from Storm a/c
Date
Particulars
J/F
Am ount
(in Rs)
26/08/05
To C ash a/c
15,000
30/08/05
To Balance c/d
10,000
Date
Cr
Particulars
J/F
17/08/05
By C ash a/c
31/08/05
By Balance b/d
Am ount
(in Rs)
25,000
25,000
Dr
25,000
10,000
Commission a/c
Date
30/08/05
Particulars
To Balance c/d
J/F
Am ount
(in Rs)
Date
Cr
Particulars
J/F
18/08/05
By Bank a/c
31/08/05
By Balance b/d
Am ount
(in Rs)
5,000
5,000
5,000
Dr
5,000
5,000
Wages a/c
Date
19/08/05
Particulars
To C ash a/c
J/F
Am ount
(in Rs)
Date
Cr
Particulars
J/F
Am ount
(in Rs)
15,000
30/08/05
By Balance c/d
15,000
[Link]
15,000
15,000
6/7
10/17/2014
Trial Balance :: Problems & Solutions
31/08/05
To Balance b/d
Dr
15,000
Drawings a/c
Date
20/08/05
Particulars
To Bank a/c
J/F
Am ount
(in Rs)
Cr
Date
Particulars
J/F
Am ount
(in Rs)
3,000
30/08/05
By Balance c/d
3,000
3,000
31/08/05
To Balance b/d
Dr
3,000
3,000
Interest a/c
Date
24/08/05
Particulars
To Bank a/c
J/F
Am ount
(in Rs)
Cr
Date
Particulars
J/F
Am ount
(in Rs)
2,000
30/08/05
By Balance c/d
2,000
2,000
31/08/05
To Balance b/d
Dr
2,000
2,000
Loan to Wind a/c
Date
25/08/05
Particulars
To C ash a/c
J/F
Am ount
(in Rs)
10,000
Cr
Date
Particulars
J/F
29/08/05
By Bank
30/08/05
By Balance c/d
Am ount
(in Rs)
3,000
7,000
10,000
31/08/05
To Balance b/d
Dr
10,000
7,000
Salaries a/c
Date
27/08/05
Particulars
To C ash a/c
J/F
Am ount
(in Rs)
Cr
Date
Particulars
J/F
Am ount
(in Rs)
5,000
30/08/05
By Balance c/d
5,000
5,000
31/08/05
To Balance b/d
Dr
5,000
5,000
Postage a/c
Date
28/08/05
Particulars
To C ash a/c
J/F
Am ount
(in Rs)
Cr
Date
Particulars
J/F
Am ount
(in Rs)
1,000
30/08/05
By Balance c/d
1,000
31/08/05
To Balance b/d
1,000
1,000
1,000
Author C redit : The Edifier
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