JOURNAL ENTRY JOU

QUESTION NO - 1 QUE
DATE PARTICULARS LF AMOUNT DR. AMOUNT CR. DATE

20/4/15 Cash A/C Dr. ₹ 10,000 20/4/15

To Capital A/C ₹ 10,000

(Being Business Started)

20/4/15 Purchase A/C Dr. ₹ 1,500 20/4/15

To Cash A/C ₹ 1,500

(Being Goods Purchased)

21/2/2023 Alok's A/C Dr. ₹ 700 21/2/2023

To Sales A/C ₹ 700

(Being Goods Sold)

12/5/2021 Yash's A/C Dr. ₹ 350 12/5/2021

To Sales A/C ₹ 350

(Being Goods Sold)

25/5/2025 Jatin's A/C Dr. ₹ 625 12/5/2021

To Sales A/C ₹ 625

(Being Goods Sold)

15/6/2025 Stationary A/C Dr. ₹ 25 25/5/2025

To Cash A/C ₹ 25

(Being Stationary Purchased)

15/6/2025 Postage Exp A/C Dr. ₹ 15 25/5/2025

To Cash A/C ₹ 15

(Being Postage Purchased)

23/8/2021 Cash A/C Dr. ₹ 250

To Rent A/C ₹ 250 23/8/2021

(Being Rent Received)

23/3/12 Cash A/C Dr. ₹ 200

To Alok's A/C ₹ 200 23/3/12

 (Being Cash Received)

27/12/23 Salary A/C Dr. ₹ 150

To Cash A/C ₹ 150 27/12/23

(Being Salary Paid)

TOTAL ₹ 13,815 ₹ 13,815

15/6/2025

23/8/2021

23/3/12

27/12/23

Total
 JOURNAL ENTRY JOUR
QUESTION NO - 2 QUES
PARTICULARS LF AMOUNT DR. AMOUNT CR. DATE

Cash A/C Dr. ₹ 50,000 20/4/15

To Capital A/C ₹ 50,000

(Being Business Started)

Purchase A/C Dr. ₹ 2,000 20/4/15

To Laksh's A/C ₹ 2,000

(Being Goods Purchased)

Furniture A/C Dr. ₹ 8,000 21/2/2023

To Darsh&com A/C ₹ 8,000

(Being Goods Purchased)

Purchase A/C Dr. ₹ 1,600 12/5/2021

To Arav&com A/C ₹ 1,600

(Being Goods Purchased)

Cash A/C Dr. ₹ 2,200 25/5/2025

To Sales A/C ₹ 2,200

(Being Goods Sold)

Safe Locker A/C Dr. ₹ 500 15/6/2025

To Cash A/C ₹ 500

(Being Safe Purchased)

Laksh's A/C Dr. ₹ 2,000 23/8/2021

To Cash A/C Cr. ₹ 1,960

To Discount Received A/C ₹ 40

(Being Discount Received)

Purchase A/C Dr. ₹ 1,700 23/3/12

To Akhil's A/C ₹ 1,700

(Being Goods Purchased)

Insaurance Premium A/C Dr. ₹ 200

 To Cash A/C ₹ 200 27/12/23

(Being Insaurance Premium Paid)

Purchase A/C Dr. ₹ 900

To Prakul's A/C ₹ 900 27/12/23

(Being Goods Purchased)

Nihal's A/C Dr. ₹ 1,000

To Sale A/C ₹ 1,000 Total

(Being Goods Sold)

Arav&Com A/C Dr. ₹ 200

To Purchase Return A/C ₹ 200

(Being Purchase Returned)

Prakul's A/C Dr. ₹ 900

To Cash A/C ₹ 860

To Discount Rec A/C ₹ 40

(Being Discount Received)

Salary A/C Dr. ₹ 140

To Cash A/C ₹ 140

(Being Salary Paid)

Total ₹ 71,340 ₹ 71,340

 JOURNAL ENTRY
QUESTION NO - 3
PARTICULARS LF AMOUNT DR. AMOUNT CR. DATE

Cash A/C Dr. ₹ 20,000 20/4/15

To Capital A/C ₹ 20,000

(Being Business Started)

Purchase A/C Dr. ₹ 500

To Vihan's A/C ₹ 500 20/4/15

(Being Goods Purchased)

Personal A/C Dr. ₹ 300

To Cash A/C ₹ 300 21/2/2023

(Being Cash Withdrawn)

Cash A/C Dr. ₹ 600

To Sales A/C ₹ 600 12/5/2021

(Being Goods Sold)

Other Exp A/C Dr. ₹ 600

To Cash A/C ₹ 600 25/5/2025

(Being Expenses Paid)

Bank A/C Dr. ₹ 400

To Cash A/C ₹ 400 15/6/2025

(Being Cash Deposited)

Bank A/C Dr. ₹ 490

Discount Allow A/C ₹ 10 15/6/2025

To Pratham A/C ₹ 500

(Being Cheque Received)

Vihan's A/C Dr. ₹ 500 23/8/2021

To Cash A/C ₹ 490

To Discount Received A/C ₹ 10

(Being Cash Paid And Discount Received) 23/3/12

Salary A/C Dr. ₹ 50

To Bank A/C ₹ 50

(Being Salary Paid) 27/12/23

Wages A/C Dr. ₹ 50

To Bank A/C ₹ 50

(Being Furniture Purchased) 15/6/2025

Total ₹ 24,000 ₹ 24,000

23/8/2021

23/3/12

27/12/23

Total
 JOURNAL ENTRY
QUESTION NO - 4
PARTICULARS LF AMOUNT DR. AMOUNT CR. DATE

Cash A/C Dr. ₹ 250,000 20/4/15

Bank A/C Dr. ₹ 250,000

To Capital A/C ₹ 500,000

(Being Business Started)

Purchase A/C Dr. ₹ 100,000

To Viraj A/C ₹ 100,000

(Being Goods Purchased) 20/4/15

Mr. Singh's A/C Dr. ₹ 200,000

To Sales A/C ₹ 200,000

(Being Goods Sold) 21/2/2023

Viraj A/C Dr. ₹ 2,000

To Purchase Return A/C ₹ 2,000

(Being Goods Returned) 12/5/2021

Sales Return A/C Dr. ₹ 1,000

To Mr.Singh A/C ₹ 1,000

(Being Goods Returned) 25/5/2025

Purchase A/C Dr. ₹ 15,000

To Cash A/C ₹ 15,000

(Being Goods Purchased) 15/6/2025

Cash A/C Dr. ₹ 2,000

To Sales A/C ₹ 2,000

(Being Goods Sold)

Cash A/C Dr. ₹ 2,500 15/6/2025

To Discount Rec A/C ₹ 2,500

(Being Discount Received)

Salary A/C Dr. ₹ 9,000

 To Cash A/C ₹ 9,000 5-Oct

(Being Salary Paid)

Telephone Exp. A/C Dr. ₹ 2,000

To Cash A/C ₹ 2,000 23/3/12

(Being Telephone Exp. Paid)

Viraj A/C Dr. ₹ 98,000

To Discount Rec A/C ₹ 9,800 27/12/23

To Cash A/C ₹ 88,200

(Being Amount Paid & Discount Rec 10%)

Cash A/C Dr. ₹ 179,100 15/6/2025

Discount Allow Dr ₹ 19,900

To Mr Singh's A/C ₹ 199,000

(Being Cash Received)

Bank A/C Dr. ₹ 10,000 23/8/2021

To Cash A/C ₹ 10,000

(Being Cash Deposited)

Bank A/C Dr. ₹ 1,000

To Interest Received A/C ₹ 1,000 23/3/12

(Being Interest Received)

Total ₹ 1,141,500.00 ₹ 1,141,500.00

1-Sep

15/6/2025

5833.3333

15/6/2025

15/6/2025
 JOURNAL ENTRY
QUESTION NO - 5
PARTICULARS LF AMOUNT DR. AMOUNT CR.

Cash A/C Dr. ₹ 250,000

Bank A/C Dr. ₹ 250,000

Machinery A/C Dr. ₹ 250,000

Furniture A/C Dr. ₹ 250,000

To Capital A/C ₹ 1,000,000

(Being Business Started)

Purchase A/C Dr. ₹ 150,000

To Kavya & Company A/C ₹ 150,000

(Being Goods Purchased)

Ved Enterprises A/C Dr. ₹ 250,000

To Sales A/C ₹ 250,000

(Being Goods Sold)

Kavya & Company A/C Dr. ₹ 50,000

To Purchase Return A/C ₹ 50,000

(Being Goods Returned)

Sales Return A/C Dr. ₹ 10,000

To Ved Enterprises A/C ₹ 10,000

(Being Goods Returned)

Kavya & Company A/C Dr. ₹ 100,000

To Discount Rec. 10% A/C Dr. ₹ 10,000

To Cash A/C ₹ 90,000

(Being Discount Received)

Cash A/C Dr. ₹ 216,000

Discount Allow 10% A/C Dr. ₹ 24,000

To Ved Enterprises A/C ₹ 240,000

(Being Discount Allowed)

Bank A/C Dr. ₹ 100,000

To Cash A/C ₹ 100,000

(Being Cash Deposited)

Bank A/C Dr. ₹ 2,500

To Interest Received A/C ₹ 2,500

(Being Interest Received)

Parth's A/C Dr. ₹ 100,000

To Sales A/C ₹ 100,000

(Being Goods Sold)

Cash A/C Dr. ₹ 45,000

Discount Allow A/C Dr. ₹ 5,000

To Parth's A/C ₹ 50,000

(Being Amount Received & Discount Allow 10%)

Cash A/C Dr. ₹ 12,500

Bad Debts A/C Dr. ₹ 37,500

To Parth A/C ₹ 50,000

(Being 25% of The Amt Received & Rest Transferred To B.D. A/C)

Personal A/C Dr. ₹ 10,000

To Cash A/C ₹ 10,000

(Being Amount Withdrawn)

Machinery A/C Dr. ₹ 100,000

To Cash A/C ₹ 100,000

(Being Machinary Purchased)

Depreciation A/C Dr. ₹ 5,833

To Machinery A/C (100000*10*7/12/100) ₹ 5,833

(Being 10% Depreciation Charged)

Cash A/C Dr. ₹ 18,750

To Bad Debts Recover A/C ₹ 18,750

(Being b.d Amt Recovered From Parth)

Loss By Fire A/C Dr. ₹ 100,000

 To Purchase A/C ₹ 100,000

(Being Goods Loss By Fire)

Insaurance Com. A/C Dr. ₹ 100,000

To Loss By Fire A/C ₹ 100,000

(Being Claim To Insaurance Com)

Bank A/C Dr. ₹ 70,000

Loss By Fire A/C Dr. ₹ 30,000

To Insaurance Com A/C ₹ 100,000

Cash A/C Dr. ₹ 150,000

To ICICI Bank A/C ₹ 150,000

(Being Loan Taken)

Interest Allow A/C Dr. ₹ 22,500

To Bank A/C ₹ 22,500

(Being interest Allow 15%)

Total ₹ 2,709,583 ₹ 2,709,583

 JOURNAL ENTRY
QUESTION NO - 6
DATE PARTICULARS LF AMOUNT DR. AMOUNT CR.

20/4/15 Cash A/C Dr. ₹ 375,000

Bank A/C Dr. ₹ 375,000

Machinery A/C Dr. ₹ 375,000

Furniture A/C Dr. ₹ 375,000

To Capital A/C ₹ 1,500,000

(Being Business Started)

20/4/15 Purchase A/C Dr. ₹ 200,000

To Prashu & Com A/C ₹ 200,000

(Being Goods Purchased)

21/2/2023 Advik Enterprises A/C Dr. ₹ 300,000

To Sales A/C ₹ 300,000

(Being Goods Sold)

21/2/2023 Sales return A/C Dr ₹ 20,000

To Advik Enterprises A/C ₹ 20,000

(Being Sales Returned)

12/5/2021 Prashu & Com A/C Dr. ₹ 10,000

To Purchase Return A/C ₹ 10,000

(Being Purchase Returned)

12/5/2021 Prashu & Com A/C Dr. ₹ 190,000

To Discount Rec A/C ₹ 28,500

To Cash A/C ₹ 161,500

(Being Discount Received)

15/6/2025 Cash A/C Dr. ₹ 224,000

Discount Allow A/C Dr. ₹ 56,000

To Advik & Com A/C ₹ 280,000

(Being Discount Allowed)

10/5/2021 Bank A/C Dr. ₹ 50,000

To Cash A/C ₹ 50,000

(Being Cash Deposited)

23/8/2021 Bank A/C Dr. ₹ 1,250

To Intrest Rec A/C ₹ 1,250

(Being Intrest Received)

10/15/2021 Land A/C Dr. ₹ 200,000

To Cash A/C ₹ 200,000

(Being Land Purchased)

27/12/23 Land A/C Dr. ₹ 13,815

To Appreciation A/C ₹ 13,815

(Being Appreciation Received)

15/6/2025 Accorded Interest A/C Dr. ₹ 5,000

To Interest Received A/C ₹ 5,000

(Being Accorded Interest Received)

15/6/2025 Un-accorded Interest A/C Dr. ₹ 5,000

To Cash A/C ₹ 5,000

(Being Un-accorded Interest Received)

23/8/2021 Salary A/C Dr. ₹ 50,000

To Outstanding Salary A/C ₹ 50,000

(Being Outstanding Salary Received)

23/3/12 Purchase A/C Dr. ₹ 150,000

GST A/C Dr. ₹ 7,500

To Akul & Com A/C ₹ 157,500

(Being Goods Purchased with 5% GST)

27/12/23 Prepaid Insaurance A/C Dr. ₹ 10,000

To Cash A/C ₹ 10,000

(Being Prepaid Insaurance Paid)

27/12/23 Akul & Com A/C Dr. ₹ 15,750

To Purchase Return A/C ₹ 15,000

 To GST A/C ₹ 750

(Being Goods Returned With GST)

27/12/23 KrIsh & Com A/C Dr. ₹ 105,000

To GST A/C ₹ 5,000

To Sales A/C ₹ 100,000

(Being Goods sold With GST)

27/12/23 Sales Return A/C Dr. ₹ 10,000

GST A/C Dr. ₹ 500

To Krish & Com A/C ₹ 10,500

(Being Sales Returned With GST)

27/12/23 Akul & Com A/C Dr. ₹ 141,750

To Cash A/C ₹ 141,750

(Being Amount Paid)

27/12/23 Cash A/C Dr. ₹ 94,500

To Krish & Com A/C ₹ 94,500

(Being Amount Received)

Total ₹ 3,360,065 ₹ 3,360,065

 `
CASH ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Capital ₹ 10,000 By Purchase
To Rent Received ₹ 250 By Stationery
To Alok ₹ 200 By Postage Exp.
By Salary
By Balance

TOTAL ₹ 10,450 TOTAL

CAPITAL ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Balance ₹ 10,000 by Cash

TOTAL ₹ 10,000 TOTAL

PURCHASE ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Cash ₹ 1,500 By Balance

TOTAL ₹ 1,500 TOTAL

ALOK ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Sales ₹ 700 By Cash
By Balance

TOTAL ₹ 700 TOTAL

YASH ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Sales ₹ 350 By Balance

TOTAL ₹ 350 TOTAL

JATIN ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Sales ₹ 625 By Balance

TOTAL ₹ 625 TOTAL

SALES ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
 To Balance ₹ 1,675 By Alok
By Yash
By Jatin

TOTAL ₹ 1,675 TOTAL

STATIONERY ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Cash ₹ 25 By Balance

TOTAL ₹ 25 TOTAL

POSTAGE EXP. ACCOUNT

DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Cash ₹ 15 By Balance

TOTAL ₹ 15 TOTAL

RENT RECEIVED ACCOUNT

DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Balance ₹ 250 By Cash

TOTAL ₹ 250 TOTAL

SALARY ACCOUNT
DATE PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF
To Cash ₹ 150 By Balance

TOTAL ₹ 150 TOTAL

 TRIAL BALANCE
QUESTION - 01
AMOUNT (Cr.) PARTICULAR AMOUNT (Dr) AMOUNT (Cr) DATE
₹ 1,500 CASH ACCOUNT ₹ 8,760
₹ 25 CAPITAL ACCOUNT ₹ 10,000
₹ 15 PURCHASE ACCOUNT ₹ 1,500
₹ 150 ALOK ACCOUNT ₹ 500
₹ 8,760 YASH ACCOUNT ₹ 350
JATIN ACCOUNT ₹ 625
₹ 10,450 SALES ACCOUNT ₹ 1,675
STATIONERY ACCOUNT ₹ 25
POSTAGE EXP. ACCOUNT ₹ 15
AMOUNT (Cr.) RENT RECEIVED ACCOUNT ₹ 250
₹ 10,000 SALARY ACCOUNT ₹ 150 DATE
TOTAL ₹ 11,925 ₹ 11,925
₹ 10,000 BY TO

AMOUNT (Cr.)
₹ 1,500 DATE

₹ 1,500

AMOUNT (Cr.)
₹ 200
₹ 500
DATE
₹ 700

AMOUNT (Cr.)
₹ 350

₹ 350 DATE

AMOUNT (Cr.)
₹ 625

₹ 625 DATE

AMOUNT (Cr.)
 ₹ 700
₹ 350
₹ 625 DATE

₹ 1,675

AMOUNT (Cr.)
₹ 25

₹ 25 DATE

AMOUNT (Cr.)
₹ 15

₹ 15 DATE

AMOUNT (Cr.)
₹ 250

₹ 250 DATE

AMOUNT (Cr.)
₹ 150

₹ 150 DATE

DATE

DATE
DATE

DATE

DATE
 LEDGER QUESTION - 02
CASH ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 50,000 By Safe Locker ₹ 500
To Sales ₹ 2,200 By Laksh ₹ 1,960
By Insaurance Premium ₹ 200
By Prakul ₹ 860
By Salary ₹ 140
By Balance ₹ 48,540

TOTAL ₹ 52,200 TOTAL ₹ 52,200

CAPITAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 50,000 By Cash ₹ 50,000

TOTAL ₹ 50,000 TOTAL ₹ 50,000

PURCHASE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Laksh ₹ 2,000 By Balance ₹ 6,200
To Arav & Company ₹ 1,600
To Akhil ₹ 1,700
To Prakul ₹ 900
TOTAL ₹ 6,200 TOTAL ₹ 6,200

LAKSH ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 1,960 By Purchase ₹ 2,000
To Discount Received ₹ 40 NIL

TOTAL TOTAL ₹0

FURNITURE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Darsh & Company ₹ 8,000 By Balance ₹ 8,000

TOTAL ₹ 8,000 TOTAL ₹ 8,000

DARSH & COMPANY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 8,000 By Furniture ₹ 8,000

TOTAL ₹ 8,000 TOTAL ₹ 8,000

 ARAV & COMPANY ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Purchase Return ₹ 200 By Purchase ₹ 1,600
To Balance ₹ 1,400

TOTAL ₹ 1,600 TOTAL ₹ 1,600

SALES ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 3,200 By Cash ₹ 2,200
By Nihal ₹ 1,000
TOTAL ₹ 3,200 TOTAL ₹ 3,200

SAFE LOCKER ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 500 By Balance ₹ 500

TOTAL ₹ 500 TOTAL ₹ 500

DISCOUNT RECEIVED ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 80 By Laksh ₹ 40
By Prakul ₹ 40
TOTAL ₹ 80 TOTAL ₹ 80

AKHIL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 1,700 By Purchase ₹ 1,700

TOTAL ₹ 1,700 TOTAL ₹ 1,700

INSAURANCE PREMIUM ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 200 By Balance ₹ 200

TOTAL ₹ 200 TOTAL ₹ 200

PRAKUL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 860 By Purchase ₹ 900
To Discount ₹ 40 NIL
 TOTAL ₹ 900 TOTAL ₹ 900

NIHAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Sales ₹ 1,000 By Balance ₹ 1,000

TOTAL ₹ 1,000 TOTAL ₹ 1,000

PURCHASE RETURN ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 200 By Arav & Company ₹ 200

TOTAL ₹ 200 TOTAL ₹ 200

SALARY ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 140 By Balance ₹ 140

TOTAL ₹ 140 TOTAL ₹ 140

 TRIAL BALANCE
QUESTION - 02
PARTICULAR AMOUNT (Dr) AMOUNT (Cr) DATE
CASH ACCOUNT ₹ 48,540
CAPITAL ACCOUNT ₹ 50,000
PURCHASE ACCOUNT ₹ 6,200
LAKSH ACCOUNT
FURNITURE ACCOUNT ₹ 8,000
DARSH & COMPANY ACCOUNT ₹ 8,000
ARAV & COMPANY ACCOUNT ₹ 1,400
SALES ACCOUNT ₹ 3,200
SAFE LOCKER ACCOUNT ₹ 500
DISCOUNT RECEIVED ACCOUNT ₹ 80 DATE
AKHIL ACCOUNT ₹ 1,700
INSAURANCE PREMIUM ACCOUNT ₹ 200
PRAKUL ACCOUNT
NIHAL ACCOUNT ₹ 1,000
PURCHASE RETURN ACCOUNT ₹ 200
SALARY ACCOUNT ₹ 140 DATE
TOTAL ₹ 64,580 ₹ 64,580
BY TO

DATE

DATE

DATE

DATE
DATE

DATE

DATE

DATE

DATE

DATE
 LEDGER QUESTION - 03
CASH ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 20,000 By Personal ₹ 300
To Sales ₹ 600 By Other Expense ₹ 600
By Vihan ₹ 490
By Balance ₹ 19,210

TOTAL ₹ 20,600 TOTAL ₹ 20,600

CAPITAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 20,000 By Cash ₹ 20,000

TOTAL ₹ 20,000 TOTAL ₹ 20,000

PURCHASE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Vihan ₹ 500 By Balance ₹ 500

TOTAL ₹ 500 TOTAL ₹ 500

VIHAN ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 490 By Purchase ₹ 500
To Discount Received ₹ 10 NIL

TOTAL ₹ 500 TOTAL ₹ 500

PERSONAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 300 By Balance ₹ 300

TOTAL ₹ 300 TOTAL ₹ 300

SALES ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 600 By Cash ₹ 600

TOTAL ₹ 600 TOTAL ₹ 600

OTHER EXPENSE ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
 To Cash ₹ 600 By Balance ₹ 600

TOTAL ₹ 600 TOTAL ₹ 600

PRATHAM ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 500 By Bank ₹ 490
By Discount Allow ₹ 10

TOTAL ₹ 500 TOTAL ₹ 500

BANK ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Pratham ₹ 490 By Salary ₹ 50
By Wages ₹ 50
By Balance ₹ 390

TOTAL ₹ 490 TOTAL ₹ 490

DISCOUNT ALLOW ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Pratham ₹ 10 By Balance ₹ 10

TOTAL ₹ 10 TOTAL ₹ 10

DISCOUNT RECEIVED ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 10 By Vihan ₹ 10

TOTAL ₹ 10 TOTAL ₹ 10

SALARY ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Bank ₹ 50 By Balance ₹ 50

TOTAL ₹ 50 TOTAL ₹ 50

WAGES ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Bank ₹ 50 By Balance ₹ 50
TOTAL ₹ 50 TOTAL ₹ 50
 TRIAL BALANCE
QUESTION - 03
PARTICULAR AMOUNT (Dr) AMOUNT (Cr) DATE
CASH ACCOUNT ₹ 19,210
CAPITAL ACCOUNT ₹ 20,000
PURCHASE ACCOUNT ₹ 500
VIHAN ACCOUNT
PERSONAL ACCOUNT ₹ 300
SALES ACCOUNT ₹ 600
OTHER EXPENSE ACCOUNT ₹ 600
PRATHAM ACCOUNT ₹ 500
BANK ACCOUNT ₹ 390
DISCOUNT ALLOW ACCOUNT ₹ 10 DATE
DISCOUNT RECEIVED ACCOUNT ₹ 10
SALARY ACCOUNT ₹ 50
WAGES ACCOUNT ₹ 50
TOTAL ₹ 21,110 ₹ 21,110
BY TO

DATE

DATE

DATE

DATE
DATE

DATE

DATE

DATE

DATE

DATE
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 LEDGER QUESTION - 04
CASH ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 250,000 By Purchase ₹ 15,000
To Sales ₹ 2,000 By Telephone Exp. ₹ 2,000
To Mr. Singh ₹ 179,100 By Viraj ₹ 88,200
To Discount Received ₹ 2,500 By Bank ₹ 10,000
By Salary ₹ 9,000
By Balance ₹ 309,400
TOTAL ₹ 433,600 TOTAL ₹ 433,600

BANK ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 250,000
To Cash ₹ 10,000 By Balance ₹ 261,000
To Interest Received ₹ 1,000

TOTAL ₹ 261,000 TOTAL ₹ 261,000

CAPITAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 500,000 By Cash ₹ 250,000
By Bank ₹ 250,000
TOTAL ₹ 500,000 TOTAL ₹ 500,000

PURCHASE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Viraj ₹ 100,000 By Balance ₹ 115,000
To Cash ₹ 15,000

TOTAL ₹ 115,000 TOTAL ₹ 115,000

VIRAJ ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Purchase Return ₹ 2,000 By Purchase ₹ 100,000
To Disciunt Received ₹ 9,800 NIL
To Cash ₹ 88,200

TOTAL ₹ 100,000 TOTAL ₹ 100,000

Mr. SINGH ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Sales ₹ 200,000 By Sales Return ₹ 1,000
 NIL By Cash ₹ 179,100
By Discount Allow ₹ 19,900

TOTAL ₹ 200,000 TOTAL ₹ 200,000

SALES ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 202,000 By Mr Singh ₹ 200,000
By Cash ₹ 2,000

TOTAL ₹ 202,000 TOTAL ₹ 202,000

PURCHASE RETURN ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 2,000 By Viraj ₹ 2,000

TOTAL ₹ 2,000 TOTAL ₹ 2,000

SALES RETURN ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Mr Singh ₹ 1,000 By Balance ₹ 1,000

TOTAL ₹ 1,000 TOTAL ₹ 1,000

DISCOUNT RECEIVED ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 12,300 By Viraj ₹ 9,800
By Cash ₹ 2,500

TOTAL ₹ 12,300 TOTAL ₹ 12,300

SALARY ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 9,000 By Balance ₹ 9,000

TOTAL ₹ 9,000 TOTAL ₹ 9,000

TELEPHONE EXPENSE ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 2,000 By Balance ₹ 2,000
 TOTAL ₹ 2,000 TOTAL ₹ 2,000

DISCOUNT ALLOW ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Mr. Singh ₹ 19,900 By Balance ₹ 19,900

TOTAL ₹ 19,900 TOTAL ₹ 19,900

INTEREST RECEIVED ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 1,000 By Bank ₹ 1,000

TOTAL ₹ 1,000 TOTAL ₹ 1,000

 TRIAL BALANCE
QUESTION - 04
PARTICULAR AMOUNT (Dr) AMOUNT (Cr) DATE
CASH ACCOUNT ₹ 309,400
BANK ACCOUNT ₹ 261,000
CAPITAL ACCOUNT ₹ 500,000
PURCHASE ACCOUNT ₹ 115,000
VIRAJ ACCOUNT
Mr. SINGH ACCOUNT
SALES ACCOUNT ₹ 202,000
PURCHASE RETURN ACCOUNT ₹ 2,000
SALES RETURN ACCOUNT ₹ 1,000
DISCOUNT RECEIVED ACCOUNT ₹ 12,300
SALARY ACCOUNT ₹ 9,000 DATE
TELEPHONE EXPENSE ACCOUNT ₹ 2,000
DISCOUNT ALLOW ACCOUNT ₹ 19,900
INTEREST RECEIVED ACCOUNT ₹ 1,000
TOTAL ₹ 717,300 ₹ 717,300
BY TO

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 LEDGER QUESTION - 05
CASH ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 250,000 By Kavya & Company ₹ 90,000
To Ved Enterprises ₹ 216,000 By Bank ₹ 100,000
To Parth ₹ 45,000 By Personal ₹ 10,000
To Parth ₹ 12,500 By Machinery ₹ 100,000
To Bad Debts Recover ₹ 18,750
To ICICI Bank ₹ 150,000 By Balance ₹ 392,250

TOTAL ₹ 692,250 TOTAL ₹ 692,250

BANK ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 250,000 By Balance ₹ 422,500
To Cash ₹ 100,000
To Interest Received ₹ 2,500
To Insaurance Company ₹ 70,000

TOTAL ₹ 422,500 TOTAL ₹ 422,500

MACHINERY ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 250,000 By Depreciation ₹ 5,833
To Cash ₹ 100,000 By Balance ₹ 344,167
TOTAL ₹ 350,000 TOTAL ₹ 350,000

FURNITURE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 250,000 By Balance ₹ 250,000

TOTAL ₹ 250,000 TOTAL ₹ 250,000

CAPITAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 1,000,000 By Cash ₹ 250,000
By Bank ₹ 250,000
By Machinery ₹ 250,000
By Furniture ₹ 250,000

TOTAL ₹ 1,000,000 TOTAL ₹ 1,000,000

 PURCHASE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Kavya & Com ₹ 150,000 By Loss By Fire ₹ 100,000
By Balance ₹ 50,000

TOTAL ₹ 150,000 TOTAL ₹ 150,000

KAVYA & COMPANY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Purchase Return ₹ 50,000 By Purchase ₹ 150,000
To Discount Received ₹ 10,000 NIL
To Cash ₹ 90,000

TOTAL ₹ 150,000 TOTAL ₹ 150,000

VED ENTERPRISES ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Sales ₹ 250,000 By Discount Allow ₹ 24,000
NIL By Cash ₹ 216,000
By Sales Return ₹ 10,000

TOTAL ₹ 250,000 TOTAL ₹ 250,000

SALES ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 350,000 By Ved Enterprises ₹ 250,000
By Parth ₹ 100,000
TOTAL ₹ 350,000 TOTAL ₹ 350,000

PURCHASE RETURN ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 50,000 By Kavya & Company ₹ 50,000

TOTAL ₹ 50,000 TOTAL ₹ 50,000

SALES RETURN ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Ved Enterprises ₹ 10,000 By Balance ₹ 10,000

TOTAL ₹ 10,000 TOTAL ₹ 10,000

DISCOUNT RECEIVED ACCOUNT

 PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 10,000 By Kavya & Company ₹ 10,000

TOTAL ₹ 10,000 TOTAL ₹ 10,000

DISCOUNT ALLOW ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Ved Enterprises ₹ 24,000 By Balance ₹ 29,000
To Parth ₹ 5,000
TOTAL ₹ 29,000 TOTAL ₹ 29,000

INTEREST RECEIVED ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 2,500 By Bank ₹ 2,500

TOTAL ₹ 2,500 TOTAL ₹ 2,500

PARTH ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Sales ₹ 100,000 By Cash ₹ 45,000
NIL By Discount Allow ₹ 5,000
By Cash ₹ 12,500
By Bad Debts ₹ 37,500

TOTAL ₹ 100,000 TOTAL ₹ 100,000

BAD DEBTS ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Parth ₹ 37,500 By Balance ₹ 37,500

TOTAL ₹ 37,500 TOTAL ₹ 37,500

PERSONAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 10,000 By Balance ₹ 10,000

TOTAL ₹ 10,000 TOTAL ₹ 10,000

DEPRICIATION ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
 To Machinery ₹ 5,833 By Balance ₹ 5,833

TOTAL ₹ 5,833 TOTAL ₹ 5,833

BAD DEBTS RECOVER ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 18,750 By Cash ₹ 18,750

TOTAL ₹ 18,750 TOTAL ₹ 18,750

LOSS BY FIRE ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Purchase ₹ 100,000 By Insaurance Company ₹ 100,000
To insaurance Company ₹ 30,000 By Balance ₹ 30,000

TOTAL ₹ 130,000 TOTAL ₹ 130,000

INSAURANCE COMPANY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Loss By Fire ₹ 100,000 By Bank ₹ 70,000
NIL By Loss By Fire ₹ 30,000
TOTAL ₹ 100,000 TOTAL ₹ 100,000

ICICI BANK ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 172,500 By Cash ₹ 150,000
By Interest Allow ₹ 22,500
TOTAL ₹ 172,500 TOTAL ₹ 172,500

INTEREST ALLOW ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Bank ₹ 22,500 By Balance ₹ 22,500

TOTAL ₹ 22,500 TOTAL ₹ 22,500

 TRIAL BALANCE
QUESTION - 05
PARTICULAR AMOUNT (Dr) AMOUNT (Cr) DATE
CASH ACCOUNT ₹ 392,250
BANK ACCOUNT ₹ 422,500
MACHINERY ACCOUNT ₹ 344,167
FURNITURE ACCOUNT ₹ 250,000
CAPITAL ACCOUNT ₹ 1,000,000
PURCHASE ACCOUNT ₹ 50,000
KAVYA & COMPANY ACCOUNT
VED ENTERPRISES ACCOUNT
SALES ACCOUNT ₹ 350,000
PURCHASE RETURN ACCOUNT ₹ 50,000
SALES RETURN ACCOUNT ₹ 10,000 DATE
DISCOUNT RECEIVED ACCOUNT ₹ 10,000
DISCOUNT ALLOW ACCOUNT ₹ 29,000
INTEREST RECEIVED ACCOUNT ₹ 2,500
PARTH ACCOUNT
BAD DEBTS ACCOUNT ₹ 37,500
PERSONAL ACCOUNT ₹ 10,000
DEPRICIATION ACCOUNT ₹ 5,833
BAD DEBTS RECOVER ACCOUNT ₹ 18,750
LOSS BY FIRE ACCOUNT ₹ 30,000 DATE
INSAURANCE COMPANY ACCOUNT
ICICI BANK ACCOUNT ₹ 172,500
INTEREST ALLOW ACCOUNT ₹ 22,500
TOTAL ₹ 1,603,750 ₹ 1,603,750
BY TO
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 LEDGER QUESTION - 06
CASH ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 375,000 By Prashu & Company ₹ 161,500
To Advik & Company ₹ 224,000 By Bank ₹ 50,000
To Unaccorded Interest ₹ 5,000 By Land ₹ 200,000
To Krish & Com ₹ 94,500 By Prepaid Insaurance ₹ 10,000
By Akul & Com ₹ 141,750
By Balance ₹ 135,250

TOTAL ₹ 698,500 TOTAL ₹ 698,500

BANK ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 375,000 By Balance ₹ 427,500
To Cash ₹ 50,000
To Interest Received ₹ 2,500

TOTAL ₹ 427,500 TOTAL ₹ 427,500

MACHINERY ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 375,000 By Balance ₹ 375,000

TOTAL ₹ 375,000 TOTAL ₹ 375,000

FURNITURE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Capital ₹ 375,000 By Balance ₹ 375,000

TOTAL ₹ 375,000 TOTAL ₹ 375,000

CAPITAL ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 1,500,000 By Cash ₹ 375,000
By Bank ₹ 375,000
By Machinery ₹ 375,000
By Furniture ₹ 375,000

TOTAL ₹ 1,500,000 TOTAL ₹ 1,500,000

 PURCHASE ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Prashu & Company ₹ 200,000 By Balance ₹ 350,000
To Akul & Company ₹ 150,000
TOTAL ₹ 350,000 TOTAL ₹ 350,000

PRASHU & COMPANY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Purchase Return ₹ 10,000 By Purchase ₹ 200,000
To Discount Received ₹ 28,500 NIL
To Cash ₹ 161,500

TOTAL ₹ 200,000 TOTAL ₹ 200,000

ADVIK & COMPANY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Sales ₹ 300,000 By Cash ₹ 224,000
By Sales Return ₹ 20,000
By Discount Allow ₹ 56,000
NIL

TOTAL ₹ 300,000 TOTAL ₹ 300,000

SALES ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 400,000 By Advik & Company ₹ 300,000

By Krish & Company ₹ 100,000

TOTAL ₹ 400,000 TOTAL ₹ 400,000

PURCHASE RETURN ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 25,000 By Prashu & Company ₹ 10,000
By Akul & Com ₹ 15,000
TOTAL ₹ 25,000 TOTAL ₹ 25,000

DISCOUNT RECEIVED ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 28,500 By Prashu & Company ₹ 28,500

TOTAL ₹ 28,500 TOTAL ₹ 28,500

 DISCOUNT ALLOW ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Advik & Company ₹ 56,000 By Balance ₹ 56,000

TOTAL ₹ 56,000 TOTAL ₹ 56,000

INTEREST RECEIVED ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 7,500 By Bank ₹ 2,500
By Accorded Interest ₹ 5,000
TOTAL ₹ 7,500 TOTAL ₹ 7,500

LAND ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 200,000 By Balance ₹ 213,815
To Appreciation ₹ 13,815

TOTAL ₹ 213,815 TOTAL ₹ 213,815

APPRECIATION ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 13,815 By Land ₹ 13,815

TOTAL ₹ 13,815 TOTAL ₹ 13,815

ACCORDED INTEREST ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Interest Received ₹ 5,000 By Balance ₹ 5,000

TOTAL ₹ 5,000 TOTAL ₹ 5,000

UN-ACCORDED INTEREST ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 5,000 By Cash ₹ 5,000

TOTAL ₹ 5,000 TOTAL ₹ 5,000

SALARY ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Outstanding Salary ₹ 50,000 By Balance ₹ 50,000

TOTAL ₹ 50,000 TOTAL ₹ 50,000

OUTSTANDING SALARY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Balance ₹ 50,000 By Salary ₹ 50,000

TOTAL ₹ 50,000 TOTAL ₹ 50,000

GST ACCOUNT
PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Akul & Company ₹ 7,500 By Akul & Company ₹ 750
To Krish & Company ₹ 500 By Krish & Company ₹ 5,000
By Balance ₹ 2,250

TOTAL ₹ 8,000 TOTAL ₹ 8,000

AKUL & COMPANY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Purchase Return ₹ 15,000 By Purchase ₹ 150,000
To Cash ₹ 141,750
To GST ₹ 750 By GST ₹ 7,500
NIL

TOTAL ₹ 157,500 TOTAL ₹ 157,500

PREPAID INSAURANCE ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Cash ₹ 10,000 By Balance ₹ 10,000

TOTAL ₹ 10,000 TOTAL ₹ 10,000

KRISH & COMPANY ACCOUNT

PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To GST ₹ 5,000 By Sales Return ₹ 10,000
To Sales 100000 By GST ₹ 500
By Cash ₹ 94,500
NIL
TOTAL ₹ 105,000 TOTAL ₹ 105,000

SALES RETURN ACCOUNT

 PARTICULARS JF AMOUNT (Dr.) DATE PARTICULARS JF AMOUNT (Cr.)
To Krish & Company 10000 By Balance ₹ 30,000
To Advik & Com 20000
TOTAL 30000 TOTAL 30000
 TRIAL BALANCE
QUESTION - 06
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
CASH ACCOUNT ₹ 135,250
BANK ACCOUNT ₹ 427,500
MACHINERY ACCOUNT ₹ 375,000
FURNITURE ACCOUNT ₹ 375,000
CAPITAL ACCOUNT ₹ 1,500,000
PURCHASE ACCOUNT ₹ 350,000
PRASHU & COMPANY ACCOUNT
ADVIK & COMPANY ACCOUNT
SALES ACCOUNT ₹ 400,000
PURCHASE RETURN ACCOUNT ₹ 25,000
DISCOUNT RECEIVED ACCOUNT ₹ 28,500
DISCOUNT ALLOW ACCOUNT ₹ 56,000
INTEREST RECEIVED ACCOUNT ₹ 7,500
LAND ACCOUNT ₹ 213,815
APPRECIATION ACCOUNT ₹ 13,815
ACCORDED INTEREST ACCOUNT ₹ 5,000
UN-ACCORDED INTEREST ACCOUNT ₹ 5,000
SALARY ACCOUNT ₹ 50,000
OUTSTANDING SALARY ACCOUNT ₹ 50,000
GST ACCOUNT ₹ 2,250
AKUL & COMPANY ACCOUNT
PREPAID INSAURANCE ACCOUNT ₹ 10,000
KRISH & COMPANY ACCOUNT
SALES RETURN ACCOUNT ₹ 30,000
TOTAL ₹ 2,029,815 ₹ 2,029,815
BY TO
 QUESTION - 01
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Capital ₹ 3,600
Machinery ₹ 700
Sales ₹ 8,200
Purchase ₹ 4,000
Sales Return ₹ 100
Opening Stock ₹ 1,000
Drawing ₹ 400
Wages ₹ 1,000
Carriage Inward ₹ 50
Salary ₹ 600
Advertising ₹ 200
Rent ₹ 500
Purchase Return ₹ 50
Debtors ₹ 3,000
Cash ₹ 400
Carriage Outward ₹ 200
Advertising ₹ 200
Creditors ₹ 500
TOTAL ₹ 12,350 ₹ 12,350
 QUESTION - 02
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Sales ₹ 92,000
Purchase ₹ 68,300
Return Inward ₹ 1,300
Return Outward ₹ 2,200
Opening Stock ₹ 17,600
Carriage Inward ₹ 2,400
Rent,Rates and Taxes ₹ 2,200
Discount ₹ 3,750
Printing ₹ 720
Insaurance ₹ 500
Travelling Expenses ₹ 1,400
Postage and Telegram ₹ 620
Miscellaneous Expenses ₹ 900
Bad Debts ₹ 400
Debtors ₹ 22,000
Creditor ₹ 12,800
Loan(Cr.) ₹ 5,000
Capital ₹ 52,500
Drawing ₹ 1,910
Business Assets ₹ 39,000
Offices Furniture ₹ 1,500
TOTAL ₹ 164,500 ₹ 164,500
 QUESTION - 03
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Capital ₹ 36,000
Creditor ₹ 8,720
Bill Payable ₹ 2,527
Sales ₹ 78,182
Loan(Cr.) ₹ 12,000
Debtors ₹ 3,885
Postage ₹ 273
Bad Debts ₹ 87
Interest ₹ 1,295
Insaurance ₹ 417
Machinery ₹ 10,000
Opening Stock ₹ 9,945
Salary ₹ 4,000
Discount ₹ 1,000
Other Expenses ₹ 200
Purchase ₹ 62,092
Wages ₹ 4,300
Building ₹ 23,780
Furniture ₹ 16,155
TOTAL ₹ 137,429 ₹ 137,429
 QUESTION - 04
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Capital ₹ 18,000
Opening Stock ₹ 2,720
Bill Payable ₹ 4,827
Creditors ₹ 7,581
Debtos ₹ 8,100
Bill Receivable ₹ 3,291
Sales ₹ 12,439
Purchase ₹ 10,492
Return Inward ₹ 1,000
Return Outward ₹ 1,200
Cash ₹ 1,400
Bank ₹ 1,900
Machinery ₹ 6,710
Building ₹ 5,290
Commission (Cr.) ₹ 390
Insaurance ₹ 119
Postage ₹ 132
Discount (Cr.) ₹ 627
Salary ₹ 1,400
Carriage ₹ 400
Wages ₹ 1,510
Dpreciation ₹ 600
TOTAL ₹ 45,064 ₹ 45,064
 QUESTION - 05
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Machinery ₹ 35,000
Debtors ₹ 27,000
Drawings ₹ 9,000
Purchase ₹ 95,000
Wages ₹ 50,000
Bank ₹ 15,000
Opening Stock ₹ 20,000
Rent ₹ 4,500
Other Expenses ₹ 2,000
Carriage ₹ 1,500
Capital ₹ 100,000
Creditors ₹ 14,000
Sales ₹ 145,000
TOTAL ₹ 259,000 ₹ 259,000
 QUESTION - 06
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Capital ₹ 350,000
Building ₹ 187,500
Machinery ₹ 92,500
Debtors ₹ 70,000
General Expenses ₹ 8,000
Salary ₹ 11,100
Discount Allow ₹ 2,000
Opening Stock ₹ 165,000
Bill Payable ₹ 50,000
Sales ₹ 635,000
Rent ₹ 37,100
Drawing ₹ 6,500
Electic Charges ₹ 1,900
Carriage Inward ₹ 8,500
Bank ₹ 30,000
Return Outward ₹ 1,100
Purchase ₹ 468,500
Wages ₹ 25,000
Cash ₹ 18,000
Creditors ₹ 100,000
Return Inward ₹ 4,500
TOTAL ₹ 1,136,100 ₹ 1,136,100
 QUESTION - 07
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Capital ₹ 10,000
Machinery ₹ 4,000
Debtors ₹ 2,400
Creditors ₹ 1,200
Drawing ₹ 1,200
Purchase ₹ 10,500
Wages ₹ 5,000
Bank ₹ 1,000
Repair ₹ 50
Opening Stock ₹ 2,000
Return Outward ₹ 500
Rent ₹ 400
Sales ₹ 16,400
Manufacturing Expenses ₹ 800
Trade Expenses ₹ 700
Bad Debts ₹ 200
Carriage ₹ 150
Bill Payable ₹ 700
Return Inward ₹ 400
TOTAL ₹ 28,800 ₹ 28,800
 QUESTION - 08
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Capital ₹ 24,500
Drawing ₹ 2,000
General Expenses ₹ 2,500
Building ₹ 11,000
Machinery ₹ 9,340
Opening Stock ₹ 16,200
Power ₹ 2,240
Taxes and Insaurance ₹ 1,315
Wages ₹ 7,200
Debtors ₹ 6,280
Creditors ₹ 2,500
Bad Debts ₹ 550
Loan (Cr.) ₹ 7,880
Sales ₹ 65,360
Purchase ₹ 47,000
Motor Car ₹ 2,000
Reserve Fund ₹ 900
Commission Received ₹ 1,320
Car Expenses ₹ 1,800
Bill Payable ₹ 3,850
Cash ₹ 80
Bank Overdraft ₹ 3,300
Charity ₹ 105
TOTAL ₹ 109,610 ₹ 109,610
 QUESTION - 01
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
To Opening Stock ₹ 1,000
To Purchase 4000
Less: Purchase Return -50 ₹ 3,950
To Wages ₹ 1,000
P- 13 To Carriage Inward ₹ 50

To Gross Profit ₹ 4,100

TOTAL ₹ 10,100

To Salary ₹ 600
To General Expenses ₹ 200
To Rent ₹ 500
P- 14 To Carriage Outward ₹ 200
To Advertising ₹ 200

To Net Profit ₹ 2,400

TOTAL ₹ 4,100

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT
Capital 3600
P- 15 Less: Drawings -400
Add:Net Profit +2400 ₹ 5,600
Creditors ₹ 500

TOTAL ₹ 6,100
QUESTION - 01
PROFIT AND LOSS ACCOUNT
E YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
By Sales 8200
Less: Sales Return -100 ₹ 8,100

By Closing Stock ₹ 2,000

TOTAL ₹ 10,100

By Gross Profit ₹ 4,100

TOTAL ₹ 4,100

BALANCE SHEET
E YEAR ENDING 31st MARCH
ASSETS AMOUNT
Machinery ₹ 700
Debtors ₹ 3,000
Cash In Hand ₹ 400

Closing Stock ₹ 2,000

TOTAL ₹ 6,100
 QUESTION - 02
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT PARTICULAR
To Purcahse 68300 By Sales 92000
Less: Return Outward -2200 Less: return Inward -1300
₹ 66,100
To Opening Stock ₹ 17,600 By Closing Stock
To carriage Inward ₹ 2,400
To Insaurance ₹ 500
To Gross Profit ₹ 28,100

TOTAL ₹ 114,700 TOTAL

To Rent,Rates and Taxes ₹ 2,200

To Discount Allow ₹ 3,750 By Gross Profit
To Printing ₹ 720
To Travelling Expenses ₹ 1,400
To Postage And Telegram ₹ 620
To Bad Debts ₹ 400
To Miscellaneous Expense ₹ 900

To Net Profit ₹ 18,110

TOTAL ₹ 28,100 TOTAL

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT ASSETS
Creditor ₹ 12,800 Debtors
Loan ₹ 5,000 Business Asset
Capital 52500 office Furniture
Less: Drawings -1910 ₹ 50,590
Add Net Profit ₹ 18,110 Closing Stock

TOTAL ₹ 86,500 TOTAL

 QUESTION - 03
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
AMOUNT PARTICULAR AMOUNT
To Opening Stock ₹ 9,945
To Purchase ₹ 62,092
₹ 90,700 To Insaurance ₹ 417
₹ 24,000 To Wages ₹ 4,300

To Gross Profit ₹ 15,728

TOTAL ₹ 92,482
₹ 114,700
To Postage ₹ 273
To Bad Debts ₹ 87
₹ 28,100 To Interest ₹ 1,295
To Salaries ₹ 4,000
To Discount Allow ₹ 1,000
To Other Expense ₹ 200

To Net Profit ₹ 8,873

TOTAL ₹ 15,728

₹ 28,100 BALANCE SHEET

FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT
Capital ₹ 36,000
AMOUNT Add Net Profit ₹ 8,873
₹ 22,000 Creditor ₹ 8,720
₹ 39,000 Bill payable ₹ 2,527
₹ 1,500 Loan(Cr.) ₹ 12,000

₹ 24,000

₹ 86,500 TOTAL ₹ 68,120

QUESTION - 03
PROFIT AND LOSS ACCOUNT
E YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
By Sales ₹ 78,182

By Closing Stock ₹ 14,300

TOTAL ₹ 92,482

By Gross Profit ₹ 15,728

TOTAL ₹ 15,728

BALANCE SHEET
E YEAR ENDING 31st MARCH
ASSETS AMOUNT

Debtors ₹ 3,885
Machinery ₹ 10,000
Building ₹ 23,780
Furniture ₹ 16,155

Closing Stock ₹ 14,300

TOTAL ₹ 68,120
 QUESTION - 04
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT PARTICULAR
To Opening Stock ₹ 2,720 By Sales 12439
To Purchase 10492 Less: Return Inward -1000
Less: Return Outward -1200 ₹ 9,292
To Insaurance ₹ 119 By Closing Stock
To Wages ₹ 1,510
To Carriage ₹ 400
To Gross Profit ₹ 5,327

TOTAL ₹ 19,368 TOTAL

To Postage ₹ 132 By Discount Received

To Salaries ₹ 1,400 By Commission (Cr.)
To Depreciation ₹ 600 By Gross Profit

To Net Profit ₹ 4,212

TOTAL ₹ 6,344 TOTAL

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT ASSETS
Capital ₹ 18,000
Add Net Profit ₹ 4,212 Debtors
Bill Payable ₹ 4,827 Bill Receivable
Creditors ₹ 7,581 Cash In Hand
Cash At Bank
Machinery
Building

Closing Stock

TOTAL ₹ 34,620 TOTAL

 QUESTION - 05
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
AMOUNT PARTICULAR AMOUNT
To Opening Stock ₹ 20,000
₹ 11,439
To Purchase ₹ 95,000
₹ 7,929 To Wages ₹ 50,000
To Carriage Inward ₹ 1,500

₹ 19,368

₹ 627
₹ 390 TOTAL ₹ 166,500
₹ 5,327

To Rent ₹ 4,500
₹ 6,344 To Other Expenses ₹ 2,000

To Gross Loss ₹ 15,500

AMOUNT

₹ 8,100
₹ 3,291
₹ 1,400
₹ 1,900 TOTAL ₹ 22,000
₹ 6,710
₹ 5,290 BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
₹ 7,929 LIBILITIES AMOUNT

₹ 34,620 Capital. 100000

Less:Drawings. -9000
Less Net Loss -22000 ₹ 69,000
Creditors ₹ 14,000
TOTAL ₹ 83,000
QUESTION - 05
PROFIT AND LOSS ACCOUNT
E YEAR ENDING 31st MARCH
PARTICULAR AMOUNT

By Sales ₹ 145,000

By Closing Stock ₹ 6,000

By Gross Loss ₹ 15,500

TOTAL ₹ 166,500

By Net Loss ₹ 22,000

TOTAL ₹ 22,000

BALANCE SHEET
E YEAR ENDING 31st MARCH
ASSETS AMOUNT
Machinery ₹ 35,000
Debtors ₹ 27,000
Bank ₹ 15,000

By Closing Stock ₹ 6,000

TOTAL ₹ 83,000
 QUESTION - 06
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT PARTICULAR
To Opening Stock ₹ 165,000 By Sales 635000
Carriage Inward ₹ 8,500 Less: Return Inward. -4500
To Purchase. 468500
Less:Return Outward -1100 ₹ 467,400 By Closing Stock
To Wages ₹ 25,000

To Gross Profit ₹ 146,700

TOTAL ₹ 812,600 TOTAL

To General Expenses ₹ 8,000

To Salary ₹ 11,100 By Gross Profit
To Discount Allow ₹ 2,000
To Rent ₹ 37,100
To Electric Charges ₹ 1,900

To Net Profit ₹ 86,600

TOTAL ₹ 146,700 TOTAL

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT ASSETS

Capital. 350000 Building

Less: Drawings -6500 Machinery
Add:Net Profit. +86600 ₹ 430,100 Debtors
Bill Payable ₹ 50,000 Cash In Bank
Creditors ₹ 100,000 Cash In Hand

By Closing Stock

TOTAL ₹ 580,100 TOTAL

 QUESTION - 07
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
AMOUNT PARTICULAR AMOUNT
To Opening Stock ₹ 2,000
₹ 630,500
To Purchase 10500
₹ 182,100 Less: Return Outward -500 ₹ 10,000
To Wages ₹ 5,000
To Carriage Inward ₹ 150

To Gross Profit ₹ 300

₹ 812,600
TOTAL ₹ 17,450

₹ 146,700 To Repair ₹ 50
To Rent ₹ 400
To Manufacturing Expenses ₹ 800
To Trade Expenses ₹ 700
To Bad Debts ₹ 200

₹ 146,700

AMOUNT TOTAL ₹ 2,150

₹ 187,500 BALANCE SHEET

₹ 92,500 FOR THE YEAR ENDING 31st MARCH
₹ 70,000 LIBILITIES AMOUNT
₹ 30,000
₹ 18,000 Capital 10000
Less: Drawings -1200
₹ 182,100 Less:Net Loss. -1850 ₹ 6,950
Creditors ₹ 1,200
₹ 580,100 Bill Payable ₹ 700

TOTAL ₹ 8,850
QUESTION - 07
PROFIT AND LOSS ACCOUNT
E YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
By Sales 16400
Less:Return Inward. -400 ₹ 16,000

By Closing Stock ₹ 1,450

TOTAL ₹ 17,450

By Gross Profit ₹ 300

By Net Loss ₹ 1,850

TOTAL ₹ 2,150

BALANCE SHEET
E YEAR ENDING 31st MARCH
ASSETS AMOUNT

Machinery ₹ 4,000
Debtors ₹ 2,400
Cash In Bank ₹ 1,000

By Closing Stock ₹ 1,450

TOTAL ₹ 8,850
 QUESTION - 08
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT PARTICULAR

To Opening Stock ₹ 16,200 By Sales

To Power ₹ 2,240 By Closing Stock
To Wages ₹ 7,200
To Purchase ₹ 47,000

To Gross Profit ₹ 16,220

TOTAL ₹ 88,860 TOTAL

To General Expenses ₹ 2,500 By Commission Received

To Bad Debts ₹ 550
To Car Expenses ₹ 1,800 By Gross Profit
To Charity ₹ 105
To Taxes And Insurance ₹ 1,315
To Net Profit ₹ 11,270

TOTAL ₹ 17,540 TOTAL

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT ASSETS

Capital. 24500 Building

Less: Drawings. -2000 Machinery
Add:Net Profit. +11270 ₹ 33,770 Debtors
Creditors ₹ 2,500 Cash In Hand
Loan(Cr.) ₹ 7,880 To Motor Car
To Reserve Fund ₹ 900 By Closing Stock
Bill Payable ₹ 3,850
Bank Overdraft ₹ 3,300

TOTAL ₹ 52,200 TOTAL

AMOUNT

₹ 65,360
₹ 23,500

₹ 88,860

₹ 1,320

₹ 16,220

₹ 17,540

AMOUNT

₹ 11,000
₹ 9,340
₹ 6,280
₹ 80
₹ 2,000
₹ 23,500

₹ 52,200
 QUESTION - 01
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
To Opening Stock ₹ 84,000
To Purcahse ₹ 33,000
To Wages Account 2000
Add O/S Wages +2000 ₹ 4,000
To Freight On Purchase Account ₹ 480
To Gross Profit ₹ 12,520
TOTAL ₹ 134,000

To Salary Account 32000

Add O/s Salary +3200 ₹ 35,200
To Taxes And Insaurance Account 2200
Less Prepaid -900 ₹ 1,300
To Bad Debts Account ₹ 6,000
Add Dep 10% On Machinery ₹ 21,200
TOTAL ₹ 63,700

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT
Capital 320000
Less:Net Loss -49340 ₹ 270,660
Creditor Account ₹ 40,000
Add O/S Wages ₹ 2,000
Add O/s Salary ₹ 3,200

TOTAL ₹ 315,860
UESTION - 01
ROFIT AND LOSS ACCOUNT
YEAR ENDING 31st MARCH
PARTICULAR AMOUNT

By Sales 50000
Less:Sales Return -6000 ₹ 44,000
By Closing Stock ₹ 90,000

TOTAL ₹ 134,000

By Commission 640
Add Accured Commission +1200 ₹ 1,840
By Gross Profit ₹ 12,520

By Net Loss ₹ 49,340

TOTAL ₹ 63,700

ALANCE SHEET
YEAR ENDING 31st MARCH
ASSETS AMOUNT
Cash Account ₹ 8,000
Bank Account ₹ 12,000
Machinery Account 212000
Less Dep 10% On Machinery -21200 ₹ 190,800
Debtors ₹ 8,960
Less Prepaid ₹ 900
Add Accured Commission ₹ 1,200
Bill Receivable ₹ 4,000
By Closing Stock ₹ 90,000
TOTAL ₹ 315,860
 QUESTION - 02
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
To Opening Stock ₹ 25,000
To Wages 12000
Add O/S Wages +600 ₹ 12,600
To Purchase 120000
Less:Return Outward -1000 ₹ 119,000
To Gross Profit ₹ 77,300
TOTAL ₹ 233,900

To Salary 20000
Add O/S Salary +1400 ₹ 21,400
To Bad Debts ₹ 1,000
To Electric Charges ₹ 1,200
To Telephone Charges ₹ 2,400
To General Expenses ₹ 3,000
To Postage And Telegram ₹ 1,800
To insaurance Premium 1500
Less Prepaid -200 ₹ 1,300
Add Depreiation ₹ 7,500
Add Depreiation Furniture 400
To Net Profit ₹ 37,800
TOTAL ₹ 77,800

BALANCE SHEET

FOR THE YEAR ENDING 31st MARCH

LIBILITIES AMOUNT
Capital 150000
Add Net Profit +37800 ₹ 187,800
Add O/S Wages ₹ 600
Add O/S Salary ₹ 1,400
Creditors ₹ 40,000

TOTAL ₹ 229,800
QUESTION - 02
PROFIT AND LOSS ACCOUNT
YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
By Sales 227800
Less:Return Inward -900 ₹ 226,900

By Closing Stock ₹ 7,000

TOTAL ₹ 233,900

By Commission ₹ 500

By Gross Profit ₹ 77,300

TOTAL ₹ 77,800

BALANCE SHEET

YEAR ENDING 31st MARCH

ASSETS AMOUNT
Furniture 8000
Less Depreciation -400 ₹ 7,600
Machinery 140000
Addition To Machinery +10000
Less Depreciation -7500 ₹ 142,500
Debtors ₹ 30,000
Cash ₹ 2,500
Bank ₹ 40,000
Add Prepaid ₹ 200
By Closing Stock ₹ 7,000
TOTAL ₹ 229,800
 QUESTION - 03
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
To Opening Stock ₹ 50,000
To Purchase 240000
Less:Purchase Return -2000 ₹ 238,000
To Wages 24000
Add O/S Wages +1200 ₹ 25,200
To Gross Profit ₹ 154,600
TOTAL ₹ 467,800

To Salary 40000
Add O/S Salary +2800 ₹ 42,800
To Bad Debts 2000
Add New Bad Debts +1500 ₹ 3,500
To Electric Charges ₹ 2,400
To General Expenses ₹ 6,000
To Postage And Telegram ₹ 3,600
To Telephone Expenses ₹ 4,800
To Insaurance 6400
Less Prepaid Insaurance -400 ₹ 6,000
Add Depreciation ₹ 15,800
To Net Profit ₹ 72,600
TOTAL ₹ 157,500

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT
Capital +320000
Less:Drawings -20000
Add: Net Profit +72600 ₹ 372,600
Creditor ₹ 80,000
Add O/S Salary ₹ 2,800
Add O/S Wages ₹ 1,200
TOTAL ₹ 456,600
QUESTION - 03
PROFIT AND LOSS ACCOUNT
E YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
By Sales 455600
Less:Sales Return -1800 ₹ 453,800
By Closing Stock ₹ 14,000

TOTAL ₹ 467,800

By Commission 1000
Add Accured Commission +500 ₹ 1,500
Bad Debts Recover ₹ 1,400
To Gross Profit ₹ 154,600

TOTAL ₹ 157,500

BALANCE SHEET
E YEAR ENDING 31st MARCH
ASSETS AMOUNT
Furniture 16000
Less Depreciation On Furniture -800 ₹ 15,200
Building 160000
Less Depreciation On Building -8000 ₹ 152,000
Machinery 120000
Addition To Machinery +20000
Less Depreciation On Machinery -7000 ₹ 133,000
Debtors 60000
Less New Bad Debts -1500 ₹ 58,500
Bank ₹ 3,000
Cash ₹ 80,000
Add Accorded Commission ₹ 500
Add Prepaid Insaurance ₹ 400
By Closing Stock ₹ 14,000
TOTAL ₹ 456,600
 QUESTION - 04
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT PARTICULAR
To Opening Stock ₹ 11,520 By Sales 191220
To Purchase 81350 Less:Return Inward -1360
Less:Return Outward -1000 ₹ 80,350 By Closing Stock
To Wages ₹ 20,960
To Fuel And Power ₹ 9,460
To Carriage On Purchase ₹ 4,080
To Gross Profit ₹ 77,090
TOTAL ₹ 203,460 TOTAL

To Salary 30000
Add O/S Salary. +3000 ₹ 33,000
To Carriage Outward ₹ 6,400 By Gross Profit
To General Expenses ₹ 56,000
To Insurance Tax. 1200 By Net Loss
Less: Prepaid Insurance. -170 ₹ 1,030
Add Depreciation On Machinery ₹ 4,000
Add Depreciation On Furniture ₹ 3,000
Add RBDD ₹ 1,450
TOTAL ₹ 104,880 TOTAL

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT ASSETS
Capital 142000 Building
Less:Drawing -10490 Land
Less:Net Loss. - 27790 ₹ 103,720 Machinery 40000
Add O/S Salary. ₹ 3,000 Less: Depreciation On Machinery. -4000
Creditors ₹ 126,000 Furniture 15000
Less: Depreciation On Furniture -3000
Debtors 29000
Less:RBDD. -1450
Cash
Bank
Add Prepaid.
Closing Stock
TOTAL ₹ 232,720 TOTAL
 QUESTION - 05
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
AMOUNT PARTICULAR AMOUNT
To Opening Stock ₹ 19,800
₹ 189,860 To Purchase. 72100
₹ 13,600 Less:Return Outward -2700 ₹ 69,400
To Carriage Inward ₹ 3,200
1/4 Of Salary and Wages ₹ 5,125
To Gross Profit ₹ 57,875
TOTAL ₹ 155,400
₹ 203,460
To Salary and Wages ₹ 15,375
To Bad Debts. 3000
Add Bad Debts. +200 ₹ 3,200
₹ 77,090 To Office Expenses ₹ 6,210
To Rent And Taxes. 10700
₹ 27,790 Add O/S Rent +900 ₹ 11,600
To Telephone Expenses ₹ 1,050
To Postage Charge ₹ 950
To Commission ₹ 8,400
To Printing and Stationery ₹ 2,750
₹ 104,880 To Motor Car Expenses ₹ 1,400
Add Depreciation On Machinery ₹ 1,500
Add RBDD ₹ 910
To Net Profit ₹ 7,440
AMOUNT TOTAL ₹ 60,785
₹ 60,000
₹ 20,000
BALANCE SHEET
₹ 36,000 FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT
₹ 12,000 Capital. 50000
Less: Drawing. -7500
₹ 27,550 Add Net Profit. +7440 ₹ 49,940
₹ 10,800 Add O/S Rent ₹ 900
₹ 52,600 Creditors ₹ 35,750
₹ 170 New Creditor ₹ 15,000
₹ 13,600 Bill Payable ₹ 23,000
₹ 232,720

TOTAL ₹ 124,590
QUESTION - 05
PROFIT AND LOSS ACCOUNT
E YEAR ENDING 31st MARCH
PARTICULAR AMOUNT

By Sales. 95000
Less:Return Inward. -1300 ₹ 93,700
By Closing Stock ₹ 61,700

TOTAL ₹ 155,400

Discount Received ₹ 2,910

By Gross Profit ₹ 57,875

TOTAL ₹ 60,785

BALANCE SHEET
E YEAR ENDING 31st MARCH
ASSETS AMOUNT
Debtors. 18200
Less:RBDD. -910
Less:Bad Debts. -200 ₹ 17,090
Bill Receivable. ₹ 12,000
Cash ₹ 300
Motor Car ₹ 15,000
Furniture ₹ 5,000
Machinery 15000
Less: Depreciation On Machinery -1500 ₹ 13,500
Closing Stock ₹ 61,700
TOTAL ₹ 124,590
 QUESTION - 06
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
To Opening Stock ₹ 34,600
To Purchase 54750
Less: Purchase Return -1250 ₹ 53,500
To Gross Profit ₹ 96,900
TOTAL ₹ 185,000

To Salary. 33000
Add O/S Salary. +3000 ₹ 36,000
To Bad Debts. 1250
Add New Bad Debts. +1000 ₹ 2,250
To Advertising ₹ 4,500
To Interest A/C ₹ 1,180
To Taxes And Insurance 12500
Add O/S Taxes +1200
Less:Prepaid Insurance. -1000 ₹ 12,700
To General Expenses ₹ 7,820
Add Depreciation On Furniture ₹ 640
Add Depreciation On Motor Car ₹ 12,500
Add RBDD ₹ 1,850
To Interest On Bank Overdraft ₹ 850
To Net Profit ₹ 21,110
TOTAL ₹ 101,400

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT
Capital 125000
Add Net Profit. +24998 ₹ 146,110
Creditor ₹ 25,000
Bank Overdraft 28500
Add Interest. +850 ₹ 29,350
Add O/S Salary. ₹ 3,000
Add O/S Taxes ₹ 1,200
1/3 Part Of Commission ₹ 1,250
TOTAL ₹ 205,910
TION - 06
T AND LOSS ACCOUNT
ENDING 31st MARCH
PARTICULAR AMOUNT
By Sales 154500
Less:Sales Return -2000 ₹ 152,500
By Closing Stock ₹ 32,500

TOTAL ₹ 185,000

By Bad Debts Recover ₹ 2,000

By Commission 3750
1/3 Part Of Commission -1250 ₹ 2,500
By Gross Profit ₹ 96,900

TOTAL ₹ 101,400

NCE SHEET
ENDING 31st MARCH
ASSETS AMOUNT
Furniture 6400
Less: Depreciation On Furniture -640 ₹ 5,760
Motor Car. 62500
Less: Depreciation On Motor Car -12500 ₹ 50,000
Cash ₹ 6,500
Prepaid Insaurance ₹ 1,000
Building ₹ 75,000
Debtors 38000
Less:New Bad Debts. -1000
Less:RBDD. -1850 ₹ 35,150
Closing Stock ₹ 32,500
TOTAL ₹ 205,910
 QUESTION - 07
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
PARTICULAR AMOUNT PARTICULAR
To Opening Stock ₹ 6,839 By Sales 110243
To Purchase 66458 Less:Sales Return -7821
Less:Purchase Return -1346 ₹ 65,112 By Closing Stock
To Carriage Inward ₹ 2,929
To Gross Profit ₹ 33,792
TOTAL ₹ 108,672 TOTAL

To Salary 9097 By Bad Debts Recover

Add O/S Salary +750 ₹ 9,847 By Discount Received
To Bad Debts ₹ 525 By Rent Received
To Carriage Outward ₹ 2,404 By Gross Profit
To Rate Taxes and Insaurance 2891
Less:Prepaid Insaurance -150 ₹ 2,741
Add O/S Rent ₹ 350 ₹ 7,282
Advertisement ₹ 3,264
General Expenses ₹ 3,489 9670
Interest On Loan ₹ 300
Add Depreciation On Building ₹ 300 ₹ 798.36
Add Depreciation On Motor Car ₹ 2,000 ₹ 7,984
Add RBDD ₹ 1,005
O/S Interest On Loan ₹ 285 ₹ 8,782
Manager Commission ₹ 798
₹ 8,782
To Net Profit ₹ 7,984
TOTAL ₹ 35,292 TOTAL

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
LIBILITIES AMOUNT ASSETS
Capital 28000 Cash
Less:Drawing -3000 Motor Car 10000
Add Net Profit +7984 ₹ 32,984 Less:Depreciation On Motor Car -2000
Loan 9500 Bank
Add Interest On Loan 6% +285 ₹ 9,785 Building 12000
Bill Payable ₹ 2,614 Less:Depreciation On Building -300
Manager Commission ₹ 798 Bill Receivable
Debtors 20100
Less:RBDD -1005
 Prepaid Insaurance
Closing Stock
TOTAL ₹ 57,682 TOTAL
 QUESTION - 08
TRADING & PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDING 31st MARCH
AMOUNT PARTICULAR AMOUNT
To Opening Stock ₹ 133,625
₹ 102,422 To Purchase 812525
₹ 6,250 Add New Purchase +6000
Loss By Fire -7500 ₹ 811,025
To Wages ₹ 115,685
₹ 108,672 To Fuel And Power ₹ 6,750
To Gross Profit ₹ 257,665
₹ 710 TOTAL ₹ 1,324,750
₹ 540
₹ 250 To Salary ₹ 27,875
₹ 33,792 To Postage ₹ 21,130
To Trade Expenses ₹ 29,155
To Bad Debts 2625
Add New Bad Debts +2500 ₹ 5,125
Add:Depreciation On Furniture ₹ 3,625
Add:RBDD ₹ 12,425
Loss By Fire ₹ 2,500
Manager Commission ₹ 16,530
₹ 181,830
To Net Profit ₹ 165,300
TOTAL ₹ 283,665

BALANCE SHEET
FOR THE YEAR ENDING 31st MARCH
₹ 35,292 LIBILITIES AMOUNT
Capital 50000
Less:Drawing -22260
Add Net Profit +165300 ₹ 193,040
Creditor 152630
AMOUNT Add New Purchase +6000 ₹ 158,630
₹ 2,050 O/S Wages ₹ 10,000
O/S Trade Expenses ₹ 3,500
₹ 8,000 Manager Commission ₹ 16,530
₹ 3,555 Bill Payable ₹ 19,750
TOTAL ₹ 401,450
₹ 11,700
₹ 6,882

₹ 19,095
 ₹ 150
₹ 6,250
₹ 57,682
QUESTION - 08
PROFIT AND LOSS ACCOUNT
E YEAR ENDING 31st MARCH
PARTICULAR AMOUNT
By Sales ₹ 1,262,000
By Closing Stock ₹ 62,750

TOTAL ₹ 1,324,750

By Bad Debts Recover ₹ 26,000

By Gross Profit ₹ 257,665

₹ 181,830

TOTAL ₹ 283,665

BALANCE SHEET
E YEAR ENDING 31st MARCH
ASSETS AMOUNT
Debtors 251000
Less:New Bad Debts -2500
Less:RBDD -12425 ₹ 236,075
Furniture 36250
Less:Depreciation On Furniture -3625 ₹ 32,625
Cash ₹ 50,000
Loan ₹ 15,000
Insaurance Claim Received ₹ 5,000
Closing Stock ₹ 62,750
TOTAL ₹ 401,450
 QUESTION - 01
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Cash ₹ 8,000
Bank ₹ 12,000
Wages ₹ 2,000
Sales ₹ 50,000
Machinery ₹ 212,000
Bill Receivable ₹ 4,000
Opening Stock ₹ 84,000
Creditor ₹ 40,000
Purchase ₹ 33,000
Sales Return ₹ 6,000
Salary ₹ 32,000
Debtors ₹ 8,960
Tax And Insaurance ₹ 2,200
Bad Debts ₹ 6,000
Freight On Purchase ₹ 480
Capital ₹ 320,000
Commission ₹ 640
TOTAL ₹ 410,640 ₹ 410,640
 QUESTION - 02
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Opening Stock ₹ 25,000
Furniture ₹ 8,000
Machinery ₹ 140,000
Additions To Machinery ₹ 10,000
Debtors ₹ 30,000
Wages ₹ 12,000
Salary ₹ 20,000
Bad Debts ₹ 1,000
Purchase ₹ 120,000
Electric Charges ₹ 1,200
Telephone Charges ₹ 2,400
General Expenses ₹ 3,000
Postage And Telegram ₹ 1,800
Return Inward ₹ 900
Insaurance Premium ₹ 1,500
Cash ₹ 2,500
Bank ₹ 40,000
Sales ₹ 227,800
Commission ₹ 500
Return Outward ₹ 1,000
Creditor ₹ 40,000
Capital ₹ 150,000
TOTAL ₹ 419,300 ₹ 419,300
 QUESTION - 03
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Sales ₹ 455,600
Opening Stock ₹ 50,000
Furniture ₹ 16,000
Building ₹ 160,000
Debtors ₹ 60,000
Drawing ₹ 20,000
Machinery ₹ 120,000
Additions To Machinery ₹ 20,000
Wages ₹ 24,000
Salary ₹ 40,000
Bad Debts ₹ 2,000
Purchase ₹ 240,000
Electric Charges ₹ 2,400
Telephone Charges ₹ 4,800
General Charges ₹ 6,000
Postage And Telegram ₹ 3,600
Sales Return ₹ 1,800
Bank ₹ 3,000
Insaurance ₹ 6,400
Cash ₹ 80,000
Capital ₹ 320,000
Creditor ₹ 80,000
Purchase Return ₹ 2,000
Commission ₹ 1,000
Bad Debts Recover ₹ 1,400
TOTAL ₹ 860,000 ₹ 860,000
 QUESTION - 04
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Cash ₹ 10,800
Bank ₹ 52,600
Purchase ₹ 81,350
Return Outward ₹ 1,000
Sales ₹ 191,220
Reurn Inward ₹ 1,360
Wages ₹ 20,960
Fuel And Power ₹ 9,460
Carriage On Sales ₹ 6,400
Carriage On Purchase ₹ 4,080
Opening Stock ₹ 11,520
Building ₹ 60,000
Land ₹ 20,000
Machinery ₹ 40,000
Salary ₹ 30,000
Furniture ₹ 15,000
General Expenses ₹ 56,000
Capital ₹ 142,000
Drawing ₹ 10,490
Debtors ₹ 29,000
Creditor ₹ 126,000
Insaurance Tax ₹ 1,200
TOTAL ₹ 460,220 ₹ 460,220
 QUESTION - 05
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Salary And Wages ₹ 20,500
Drawing ₹ 7,500
Capital ₹ 50,000
Purchase ₹ 72,100
Sales ₹ 95,000
Return Inward ₹ 1,300
Return Outward ₹ 2,700
Debtors ₹ 18,200
Creditor ₹ 35,750
Opening Stock ₹ 19,800
Bad Debts ₹ 3,000
Bill Receivable ₹ 12,000
Bill Payable ₹ 23,000
Cash ₹ 300
Office Expenses ₹ 6,210
Motor Car ₹ 15,000
Motor Car Expenses ₹ 1,400
Discount ₹ 2,910
Rent And Taxes ₹ 10,700
Telephone Expenses ₹ 1,050
Postage Charges ₹ 950
Commission ₹ 8,400
Carriage Inward ₹ 3,200
Printing & Stationery ₹ 2,750
Furniture ₹ 5,000
TOTAL ₹ 209,360 ₹ 209,360
 QUESTION - 06
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Salary ₹ 33,000
Furniture ₹ 6,400
Motor car ₹ 62,500
Building ₹ 75,000
Capital ₹ 125,000
Bad Debts ₹ 1,250
Bd Debts Recover ₹ 2,000
Debtors ₹ 38,000
Creditor ₹ 25,000
Opening Stock ₹ 34,600
Purchase ₹ 54,750
Sales ₹ 154,500
Bank Overdraft ₹ 28,500
Sales Return ₹ 2,000
Pucahse Return ₹ 1,250
Advertising ₹ 4,500
Interest ₹ 1,180
Commission ₹ 3,750
Cash ₹ 6,500
Taxes And Insaurance ₹ 12,500
General Expenses ₹ 7,820
TOTAL ₹ 340,000 ₹ 340,000
 QUESTION - 07
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Drawing ₹ 3,000
Debtors ₹ 20,100
Interest On Loan ₹ 300
Cash ₹ 2,050
Opening Stock ₹ 6,839
Motor Car ₹ 10,000
Bank ₹ 3,555
Building ₹ 12,000
Bad Debts ₹ 525
Purchase ₹ 66,458
Sales Return ₹ 7,821
Carriage Outward ₹ 2,404
Carriage Inward ₹ 2,929
Salary ₹ 9,097
Rent,Taxes And Insaurance ₹ 2,891
Advertising ₹ 3,264
General Exepnses ₹ 3,489
Bill Receivable ₹ 6,882
Capital ₹ 28,000
Creditor ₹ 10,401
Loan ₹ 9,500
Bad Debts Recover ₹ 710
Sales ₹ 110,243
Purchase Return ₹ 1,346
Discount Received ₹ 540
Bill Payable ₹ 2,614
Rent Received ₹ 250
TOTAL ₹ 163,604 ₹ 163,604
 QUESTION - 08
PARTICULAR AMOUNT (Dr) AMOUNT (Cr)
Purchase ₹ 812,525
Sales ₹ 1,262,000
Bad Debts Recover ₹ 26,000
Debtors ₹ 251,000
Creditor ₹ 152,630
Bill Payable ₹ 19,750
Opening Stock ₹ 133,625
Wages ₹ 115,685
Salary ₹ 27,875
Furniture ₹ 36,250
Postage ₹ 21,130
Power And Fuel ₹ 6,750
Trade Expenses ₹ 29,155
Bad Debts ₹ 2,625
Loan ₹ 15,000
Cash ₹ 50,000
O/S Trade Expenses ₹ 3,500
Drawing ₹ 22,260
Capital ₹ 50,000
Outstanding Wages ₹ 10,000
TOTAL ₹ 1,523,880 ₹ 1,523,880
4.5

3.5

2.5

1.5

0.5

0
1 2
 RIGHT ENTRY
SR.NO PARTICULARS LF AMOUNT DR. AMOUNT CR. SR.NO
1 Purchase A/C Dr ₹ 5,000 1
To Ravi A/C ₹ 5,000

2 Purchase A/C Dr ₹ 2,000 2

To Ajay A/C ₹ 2,000

3 Salary A/C Dr ₹ 2,000 3

To Cash A/C ₹ 2,000

4 Cash A/C Dr ₹ 3,000 4

To Amit A/C ₹ 3,000

5 Purchase A/C Dr ₹ 5,000 5

To Kapil A/C ₹ 5,000

6 Ravi A/C Dr ₹ 25,000 6

To Sales A/C ₹ 25,000

7 Sales Ret. A/C Dr ₹ 2,000 7

To Anup A/C ₹ 2,000

8 Sumit A/C Dr ₹ 3,000 8

To Purchase Ret. A/C ₹ 3,000

9 Salary A/C Dr ₹ 5,000 9

To Cash A/C ₹ 5,000

10 Kapil A/C Dr ₹ 3,000 10

To Sales A/C ₹ 3,000

RIGHT ENTRY
SR.NO PARTICULARS LF AMOUNT DR. AMOUNT CR. SR.NO
1 Personal A/C Dr ₹ 5,000 1
To Cash A/C ₹ 5,000

2 Advertisement A/C Dr ₹ 3,000 2

 To Cash A/C ₹ 3,000

3 Loss By Fire A/C Dr ₹ 1,000 3

To Purchase A/C ₹ 1,000

4 Purchase A/C Dr ₹ 5,000 4

To Naveen A/C ₹ 5,000

5 Salary A/C Dr ₹ 3,000 5

To Cash A/C ₹ 3,000

6 Amit A/C Dr ₹ 2,000 6

To Cash A/C ₹ 2,000

7 Cash A/C Dr ₹ 3,000 7

To Suraj A/C ₹ 3,000

8 Purchase A/C Dr ₹ 1,000 8

To Divakar A/C ₹ 1,000

9 Rent A/C Dr ₹ 5,000 9

To Cash A/C ₹ 5,000

`10 Bank A/C Dr ₹ 1,000 10

To Cash A/C ₹ 1,000

11 Cash A/C Dr ₹ 3,000 11

To Salary Rec A/C ₹ 3,000

12 Bank A/C Dr ₹ 1,000 12

To Interest Rec. A/C ₹ 1,000

SR.NO PARTICULARS LF AMOUNT DR. AMOUNT CR. SR.NO

1 Purchase A/C Dr ₹ 5,000
To Cash A/C ₹ 5,000

2 Neeraj A/C Dr ₹ 500

To Sales A/C ₹ 500
3 Cash A/C Dr ₹ 1,000
To Bank A/C ₹ 1,000

4 Suraj A/C Dr ₹ 5,000

To Purchase Return A/C ₹ 5,000

5 Personal use A/C Dr ₹ 2,000

To Bank A/C ₹ 2,000

6 Kiran A/C Dr ₹ 2,000 6

To Sales A/C ₹ 2,000

7 Purchase A/C Dr ₹ 5,000 7

To Ankit A/C ₹ 5,000

8 Carriage Inward A/C Dr ₹ 200 8

To Cash A/C ₹ 200

9 Wages A/C Dr ₹ 3,000 9

To Cash A/C ₹ 3,000

10 Salary A/C Dr ₹ 5,000 10

To Cash A/C ₹ 5,000

11 Wages A/C Dr ₹ 3,000 11

To Cash A/C ₹ 3,000

12 Kapil A/C Dr ₹ 5,000 12

To Cash A/C ₹ 5,000

13 Sumit A/C Dr ₹ 7,000

To Cash A/C ₹ 7,000

14 Cash A/C Dr ₹ 70,000 14

Bank A/C Dr ₹ 30,000
To Capital A/C ₹ 100,000
 SESSION- 04 Debit : Purchase,
SR.NO PARTICULARS LF AMOUNT DR. AMOUNT CR. Credit : Sales,Purch
1 Suspense A/C Dr 5000
To Purchase A/C 5000

2 Sales Return A/C Dr 300

To Suspense A/C 300

3 Suspense A/C Dr 500

To Bank A/C 500

4 Suspense A/C Dr 300

To Purchase Return A/C 300

5 Expense Book A/C Dr 500

To Suspense A/C 500
 SESSION- 01
WRONG ENTRY RECTIFIED ENTR
PARTICULARS LF AMOUNT DR. AMOUNT CR. SR.NO
Purchase A/C Dr ₹ 5,000
To Kapil A/C ₹ 5,000

Ajay A/C Dr ₹ 2,000 2

To Sales A/C ₹ 2,000

Wages A/C Dr ₹ 2,000 3

To Cash A/C ₹ 2,000

Cash A/C Dr ₹ 3,000 4

To Sumit A/C ₹ 3,000

Purchase A/C Dr ₹ 5,000 5

To Sumit A/C ₹ 5,000

Rajiv A/C Dr ₹ 25,000 6

To Sales A/C ₹ 25,000

Sales Ret. A/C Dr ₹ 2,000 7

To Anuj A/C ₹ 2,000

Suraj A/C Dr ₹ 3,000 8

To Purchase Ret. A/C ₹ 3,000

Rent A/C Dr ₹ 5,000 9

To Cash A/C ₹ 5,000

Suraj A/C Dr ₹ 3,000 10

To Sales A/C ₹ 3,000

SESSION - 02
WRONG ENTRY RECTIFIED ENTR
PARTICULARS LF AMOUNT DR. AMOUNT CR. SR.NO
Office Expenses A/C Dr ₹ 5,000 1
To Cash A/C ₹ 5,000

Commission A/C Dr ₹ 3,000 2

 To Cash A/C ₹ 3,000

Charity A/C Dr ₹ 1,000 3

To Purchase A/C ₹ 1,000

Purchase A/C Dr ₹ 5,000 4

To Praveen A/C ₹ 5,000

Cash A/C Dr ₹ 3,000 5

To Salary Rec.A/C ₹ 3,000

Cash A/C Dr ₹ 2,000 6

To Amit A/C ₹ 2,000

Cash A/C Dr ₹ 3,000 7

To Sanjay A/C ₹ 3,000

Dilip A/C Dr ₹ 1,000 8

To Sales A/C ₹ 1,000

Cash A/C Dr ₹ 5,000 9

To Rent Rec. A/C ₹ 5,000

Cash A/C Dr ₹ 1,000 10

To Bank A/C ₹ 1,000

Salary Paid A/C Dr ₹ 3,000 11

To Cash A/C ₹ 3,000

Interest Paid A/C Dr ₹ 1,000 12

To Bank A/C ₹ 1,000

SESSION- 03
PARTICULARS LF AMOUNT DR. AMOUNT CR. SR.NO
Kapil A/C Dr ₹ 200 6
To Sales A/C ₹ 200

Purchase A/C Dr ₹ 500 7

To Ankit A/C ₹ 500

Carriage Outward A/C Dr ₹ 200 8

To Cash A/C ₹ 200

Salary A/C Dr ₹ 300 9

To Cash A/C ₹ 300

Salary A/C Dr ₹ 2,000 10

To Cash A/C ₹ 2,000

Wages A/C Dr ₹ 30,000 11

To Cash A/C ₹ 30,000

Kapil A/C Dr ₹ 2,000 12

To Cash A/C ₹ 2,000

Suresh A/C Dr ₹ 70,000 13

To Cash A/C ₹ 70,000

Cash A/C Dr ₹ 30,000 14

Bank A/C Dr ₹ 70,000
To Capital A/C ₹ 100,000
 Debit : Purchase,Sales Return,Return Inward,Expenses/Losses,Assets
Credit : Sales,Purchase Return,Return Outward,Income/Profit,Liabilities
 RECTIFIED ENTRY
PARTICULARS LF AMOUNT DR. AMOUNT CR.
Kapil A/C Dr ₹ 5,000
To Ravi A/C ₹ 5,000

Sales A/C Dr ₹ 2,000

Purchase A/C Dr ₹ 2,000
To Ajay A/C ₹ 4,000

Salary A/C Dr ₹ 2,000

To Wages A/C ₹ 2,000

Sumit A/C Dr ₹ 3,000

To Amit A/C ₹ 3,000

Sumit A/C Dr ₹ 5,000

To Kapil A/C ₹ 5,000

Ravi A/C Dr ₹ 25,000

To Rajiv A/C ₹ 25,000

Anuj A/C Dr ₹ 2,000

To Anup A/C ₹ 2,000

Sumit A/C Dr ₹ 3,000

To Suraj A/C ₹ 3,000

Salary A/C Dr ₹ 5,000

To Rent A/C ₹ 5,000

Kapil A/C Dr ₹ 3,000

To Suraj A/C ₹ 3,000

RECTIFIED ENTRY
PARTICULARS LF AMOUNT DR. AMOUNT CR.
Personal A/C Dr ₹ 5,000
To Office Expenses A/C ₹ 5,000

Advertisement A/C Dr ₹ 3,000

 To Commission A/C ₹ 3,000

Loss By Fire A/C Dr ₹ 1,000

To Charity A/C ₹ 1,000

Naveen A/C Dr ₹ 5,000

To Naveen A/C ₹ 5,000

Salary A/C Dr ₹ 3,000

Salary Rec A/C Dr ₹ 3,000
To Cash A/C ₹ 6,000

Amit A/C Dr ₹ 4,000

To Cash A/C ₹ 4,000

Sanjay A/C Dr ₹ 3,000

To Suraj A/C ₹ 3,000

Purchase A/C Dr ₹ 1,000

Sales A/C Dr ₹ 1,000
To Divakar A/C ₹ 1,000
To Dilip A/C ₹ 1,000

Rent A/C Dr ₹ 10,000

To Cash A/C ₹ 10,000

Bank A/C Dr ₹ 2,000

To Cash A/C ₹ 2,000

Cash A/C Dr ₹ 6,000

To Salary Rec. A/C ₹ 6,000

Bank A/C Dr ₹ 2,000

To Interest Rec A/C ₹ 1,000
To Interest Paid A/C ₹ 1,000
₹0

PARTICULARS LF AMOUNT DR. AMOUNT CR.

Kiran A/C Dr ₹ 2,000
To Sales A/C ₹ 1,800
To Kapil A/C ₹ 200

Purchase A/C Dr ₹ 4,500

To Ankit A/C ₹ 4,500

Carriage Inward A/C Dr ₹ 400

To Carriage Outward A/C ₹ 200
To Cash A/C ₹ 400

Wages A/C Dr ₹ 3,000

To Cash A/C ₹ 2,700
To Salary A/C ₹ 300

Salary A/C Dr ₹ 3,000

To Cash A/C ₹ 3,000

Cash A/C Dr ₹ 27,000

To Wages A/C ₹ 27,000

Kapil A/C Dr ₹ 3,000

To Cash A/C ₹ 3,000

Sumit A/C Dr ₹ 7,000

Cash A/C Dr ₹ 63,000
To Suresh A/C ₹ 70,000

Cash A/C Dr ₹ 40,000

To Bank A/C ₹ 40,000
Dr Cr
Plus -
- Plus
 DEPRECIATION
1 Depreciation = (50000-5000)/10
= 4500

Depreciation Value = (4500*100)/50000

= 9%

2 Depreciation = (60000-4000)/5
= 11200

Depreciation Value = (11200*100)/60000

= 18.6%

3 Depreciation = (45000-5000)/5
= 8000

Depreciation Value = (8000*100)/45000

= 17.77%

4 Depreciation = (80000-8000)/10
= 7200

Depreciation Value = (7200*100)/80000

= 9%

5 Depreciation = (50000-2000)/8
= 6000

Depreciation Value = (6000*100)/50000

= 12%
QUESTION 1
XYZ LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1997 1st Machinery Purchase 1/1/1997 ₹ 10,000 10% ₹ 1,000

2 1998 1st Machinery Purchase 1/1/1998 ₹ 9,000 10% ₹ 1,000

2nd Machinery Purchase 1/10/1998 ₹ 15,000 10% ₹ 375

3 1999 1st Machinery Purchase 1/1/1999 ₹ 8,000 10% ₹ 1,000

2nd Machinery Purchase 1/1/1999 ₹ 14,625 10% ₹ 1,500

QUESTION 2
ABC LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1987 1st Machinery Purchase 1/1/1987 ₹ 20,000 10% ₹ 2,000
2nd Machinery Purchase 1/4/1987 ₹ 20,000 10% ₹ 1,500

2 1988 1st Machinery Purchase 1/1/1988 ₹ 18,000 10% ₹ 2,000

2nd Machinery Purchase 1/1/1988 ₹ 18,500 10% ₹ 2,000
3rd Machinery Purchase 1/4/1988 ₹ 35,000 10% ₹ 2,625

3 1989 1st Machinery Purchase 1/1/1989 ₹ 16,000 10% ₹ 2,000

2nd Machinery Purchase 1/1/1989 ₹ 16,500 10% ₹ 2,000
 3rd Machinery Purchase 1/1/1989 ₹ 32,375 10% ₹ 3,500

QUESTION 3
L.G. LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1987 1st Machinery Purchase 1/1/1987 ₹ 15,000 15% ₹ 2,250

2 1988 1st Machinery Purchase 1/1/1988 ₹ 12,750 15% ₹ 2,250

2nd Machinery Purchase 1/9/1988 ₹ 25,000 15% ₹ 1,250
3rd Machinery Purchase 15/10/1988 ₹ 20,000 15% ₹ 632

3 1989 1st Machinery Purchase 1/1/1989 ₹ 10,500 15% ₹ 2,250

2nd Machinery Purchase 1/1/1989 ₹ 23,750 15% ₹ 3,750
3rd Machinery Purchase 1/1/1989 ₹ 19,368 15% ₹ 3,000

4 1990 1st Machinery Purchase 1/1/1990 ₹ 8,250 15% ₹ 2,250

2nd Machinery Purchase 1/1/1990 ₹ 20,000 15% ₹ 3,750
3rd Machinery Purchase 1/1/1990 ₹ 16,368 15% ₹ 3,000

QUESTION 4
DEEPAK LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1997 1st Machinery Purchase 1/10/1997 ₹ 14,500 10% ₹ 363
2nd Machinery Purchase 15/10/1997 ₹ 18,750 10% ₹ 395
 2 1998 1st Machinery Purchase 1/1/1998 ₹ 14,138 10% ₹ 1,450
2nd Machinery Purchase 1/1/1998 ₹ 18,355 10% ₹ 1,875

3 1999 1st Machinery Purchase 1/1/1999 ₹ 12,688 10% ₹ 1,450

2nd Machinery Purchase 1/1/1999 ₹ 16,480 10% ₹ 1,875
3rd Machinery Purchase 18/1/1999 ₹ 16,650 10% ₹ 1,586

4 2000 1st Machinery Purchase 1/1/1999 ₹ 11,238 10% ₹ 1,450

2nd Machinery Purchase 1/1/1999 ₹ 14,605 10% ₹ 1,875
3rd Machinery Purchase 1/1/1999 ₹ 15,064 10% ₹ 1,665

XYZ LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE DOS
BAL VALUE
1 1996 1st Machinery Purchase 1/1/1996 ₹ 20,000 10% ₹ 2,000

2 1997 1st Machinery Purchase 1/1/1997 ₹ 18,000 10% ₹ 2,000

2nd Machinery Purchase 1/7/1997 ₹ 25,000 10% ₹ 1,250
3rd Machinery Purchase 1/10/1997 ₹ 22,000 10% ₹ 550

3 1998 1st Machinery Purchase 1/1/1998 ₹ 16,000

2nd Machinery Purchase 1/1/1998 ₹ 23,750 10% ₹ 2,500
3rd Machinery Purchase 1/1/1998 ₹ 21,450 10% ₹ 2,200
 4 1999 2nd Machinery Purchase 1/1/1999 ₹ 21,250 10% ₹ 1,875
3rd Machinery Purchase 1/1/1999 ₹ 19,250 10% ₹ 2,200

HERO LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE DOS
BAL VALUE
1 1997 1st Machinery Purchase 1/1/1997 ₹ 16,355 10% ₹ 1,636
2nd Machinery Purchase 18/8/1997 ₹ 14,353 10% ₹ 530

2 1998 1st Machinery Purchase 1/1/1998 ₹ 14,720 10% ₹ 1,636

2nd Machinery Purchase 1/1/1998 ₹ 13,823 10% ₹ 1,435

3 1999 1st Machinery Bal 1/1/1999 ₹ 13,084 10% ₹ 1,035 18/8/1999

2nd Machinery Bal 1/1/1999 ₹ 12,388 10% ₹ 1,163 22/10/1999
2nd Machinery Bal (1/2) 22/10/1999 ₹ 5,613 10% ₹ 137
3rd Machinery Purchase 22/10/1999 ₹ 40,373 10% ₹ 772

4 2000 2nd Machinery Bal (1/2) P 1/1/2000 ₹ 5,476 10% ₹ 718

3rd Machinery Purchase 1/1/2000 ₹ 39,601 10% ₹ 4,037

GUPTA LTD
 PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE DOS
BAL VALUE
1 1997 1st Machinery Purchase 1/1/1997 ₹ 18,700 12% ₹ 2,244

2 1998 1st Machinery Purchase 1/1/1998 ₹ 16,456 12% ₹ 2,244

2nd Machinery Purchase 1/2/1998 ₹ 17,580 12% ₹ 1,934

3 1999 1st Machinery Purchase 1/1/1999 ₹ 14,212 12% ₹ 2,244

2nd Machinery Purchase 1/1/1999 ₹ 15,646 12% ₹ 2,110
3rd Machinery Purchase 28/3/1999 ₹ 15,780 12% ₹ 1,436

4 2000 1st Machinery Purchase 1/1/2000 ₹ 11,968 12% ₹ 2,244

2nd Machinery Purchase 1/1/2000 ₹ 13,537 12% ₹ 1,493.10 15/9/2000
2nd Machinery Purchase(2/3) 15/9/2000 ₹ 8,029 12% ₹ 409.40
3rd Machinery Purchase 1/1/2000 ₹ 14,344 12% ₹ 1,894
4th Machinery Purchase 15/9/2000 ₹ 9,000 12% ₹ 314
NET BLOCK
₹ 9,000

₹ 8,000
₹ 14,625
₹ 22,625

₹ 7,000
₹ 13,125
₹ 20,125

NET BLOCK
₹ 18,000
₹ 18,500
₹ 36,500

₹ 16,000
₹ 16,500
₹ 32,375
₹ 64,875

₹ 14,000
₹ 14,500
 ₹ 28,875
₹ 57,375

NET BLOCK
₹ 12,750

₹ 10,500
₹ 23,750
₹ 19,368
₹ 53,618

₹ 8,250
₹ 20,000
₹ 16,368
₹ 44,618

₹ 6,000
₹ 16,250
₹ 13,368
₹ 35,618

NET BLOCK

₹ 14,138
₹ 18,355
₹ 32,493
₹ 12,688
₹ 16,480
₹ 29,168

₹ 11,238
₹ 14,605
₹ 15,064
₹ 40,907

₹ 9,788
₹ 12,730
₹ 13,399
₹ 35,917

P/L SOLD VALUE NET BLOCK

₹ 18,000

₹ 16,000
₹ 23,750
₹ 21,450
₹ 61,200

-₹ 4,000 ₹ 12,000
₹ 21,250
₹ 19,250
₹ 40,500
₹ 625 ₹ 18,750 ₹ 19,375
₹ 17,050
₹ 17,050

P/L SOLD VALUE NET BLOCK

₹ 14,720
₹ 13,823
₹ 28,543

₹ 13,084
₹ 12,388
₹ 25,472

₹ 3,306 ₹ 15,355 ₹ 12,049

₹ 301 ₹ 5,312 ₹ 11,225 ₹ 5,613
₹ 5,476
₹ 39,601
₹ 45,076

₹ 4,758
₹ 35,563
₹ 40,321
P/L SOLD VALUE NET BLOCK
₹ 16,456

₹ 14,212
₹ 15,646
₹ 29,858

₹ 11,968
₹ 13,537
₹ 14,344
₹ 39,849

₹ 9,724
₹ 265 ₹ 3,750 ₹ 12,044
₹ 7,620 ₹ 4,015
₹ 12,451
₹ 8,686
₹ 38,480
QUESTION 1
XYZ LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1997 1st Machinery Purchase 1/1/1997 ₹ 10,000 10% ₹ 1,000

2 1998 1st Machinery Purchase 1/1/1998 ₹ 9,000 10% ₹ 900

2nd Machinery Purchase 1/10/1998 ₹ 15,000 10% ₹ 375

3 1999 1st Machinery Purchase 1/1/1999 ₹ 8,100 10% ₹ 810

2nd Machinery Purchase 1/1/1999 ₹ 14,625 10% ₹ 1,463

QUESTION 2
ABC LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1987 1st Machinery Purchase 1/1/1987 ₹ 20,000 10% ₹ 2,000
2nd Machinery Purchase 1/4/1987 ₹ 20,000 10% ₹ 1,500

2 1988 1st Machinery Purchase 1/1/1988 ₹ 18,000 10% ₹ 1,800

2nd Machinery Purchase 1/1/1988 ₹ 18,500 10% ₹ 1,850
3rd Machinery Purchase 1/4/1988 ₹ 35,000 10% ₹ 2,625

3 1989 1st Machinery Purchase 1/1/1989 ₹ 16,200 10% ₹ 1,620

2nd Machinery Purchase 1/1/1989 ₹ 16,650 10% ₹ 1,665
 3rd Machinery Purchase 1/1/1989 ₹ 32,375 10% ₹ 3,238

QUESTION 3
L.G. LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1987 1st Machinery Purchase 1/1/1987 ₹ 15,000 15% ₹ 2,250

2 1988 1st Machinery Purchase 1/1/1988 ₹ 12,750 15% ₹ 1,913

2nd Machinery Purchase 1/9/1988 ₹ 25,000 15% ₹ 3,750
3rd Machinery Purchase 15/10/1988 ₹ 20,000 15% ₹ 632

3 1989 1st Machinery Purchase 1/1/1989 ₹ 10,838 15% ₹ 1,626

2nd Machinery Purchase 1/1/1989 ₹ 21,250 15% ₹ 3,188
3rd Machinery Purchase 1/1/1989 ₹ 19,368 15% ₹ 2,905

4 1990 1st Machinery Purchase 1/1/1990 ₹ 9,212 15% ₹ 1,382

2nd Machinery Purchase 1/1/1990 ₹ 18,063 15% ₹ 2,709
3rd Machinery Purchase 1/1/1990 ₹ 16,463 15% ₹ 2,469

QUESTION 4
DEEPAK LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE
BAL VALUE
1 1997 1st Machinery Purchase 1/10/1997 ₹ 14,500 10% ₹ 363
2nd Machinery Purchase 15/10/1997 ₹ 18,750 10% ₹ 395
 2 1998 1st Machinery Purchase 1/1/1998 ₹ 14,138 10% ₹ 1,414
2nd Machinery Purchase 1/1/1998 ₹ 18,355 10% ₹ 1,836

3 1999 1st Machinery Purchase 1/1/1999 ₹ 12,724 10% ₹ 1,272

2nd Machinery Purchase 1/1/1999 ₹ 16,520 10% ₹ 1,652
3rd Machinery Purchase 18/1/1999 ₹ 16,650 10% ₹ 1,586

4 2000 1st Machinery Purchase 1/1/1999 ₹ 11,451 10% ₹ 1,145

2nd Machinery Purchase 1/1/1999 ₹ 14,868 10% ₹ 1,487
3rd Machinery Purchase 1/1/1999 ₹ 15,064 10% ₹ 1,506

XYZ LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE DOS
BAL VALUE
1 1996 1st Machinery Purchase 1/1/1996 ₹ 20,000 10% ₹ 2,000

2 1997 1st Machinery Purchase 1/1/1997 ₹ 18,000 10% ₹ 1,800

2nd Machinery Purchase 1/7/1997 ₹ 25,000 10% ₹ 1,250
3rd Machinery Purchase 1/10/1997 ₹ 22,000 10% ₹ 550

3 1998 1st Machinery Purchase 1/1/1998 ₹ 16,200

2nd Machinery Purchase 1/1/1998 ₹ 23,750 10% ₹ 2,375
3rd Machinery Purchase 1/1/1998 ₹ 21,450 10% ₹ 2,145
 4 1999 2nd Machinery Purchase 1/1/1999 ₹ 21,375 10% ₹ 1,603.13 1/10/1999
3rd Machinery Purchase 1/1/1999 ₹ 19,305 10% ₹ 1,931

HERO LTD
PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE DOS
BAL VALUE
1 1997 1st Machinery Purchase 1/1/1997 ₹ 16,355 10% ₹ 1,636
2nd Machinery Purchase 18/8/1997 ₹ 14,353 10% ₹ 530

2 1998 1st Machinery Purchase 1/1/1998 ₹ 14,720 10% ₹ 1,472

2nd Machinery Purchase 1/1/1998 ₹ 13,823 10% ₹ 1,382

3 1999 1st Machinery Bal 1/1/1999 ₹ 13,248 10% ₹ 838.10 18/8/1999

2nd Machinery Bal 1/1/1999 ₹ 12,441 10% ₹ 1,008 22/10/1999
2nd Machinery Bal (1/2) 22/10/1999 ₹ 5,717 10% ₹ 109.37
3rd Machinery Purchase 22/10/1999 ₹ 40,373 10% ₹ 772

4 2000 2nd Machinery Bal (1/2) P 1/1/2000 ₹ 5,607 10% ₹ 560.71

3rd Machinery Purchase 1/1/2000 ₹ 39,601 10% ₹ 3,960

GUPTA LTD
 PURCHASE/
S.No YEAR ASSETS DOP DEP % DEP VALUE DOS
BAL VALUE
1 1997 1st Machinery Purchase 1/1/1997 ₹ 18,700 12% ₹ 2,244

2 1998 1st Machinery Purchase 1/1/1998 ₹ 16,456 12% ₹ 1,975

2nd Machinery Purchase 1/2/1998 ₹ 17,580 12% ₹ 1,934

3 1999 1st Machinery Purchase 1/1/1999 ₹ 14,481 12% ₹ 1,738

2nd Machinery Purchase 1/1/1999 ₹ 15,646 12% ₹ 1,878
3rd Machinery Purchase 28/3/1999 ₹ 15,780 12% ₹ 1,436

4 2000 1st Machinery Purchase 1/1/2000 ₹ 12,744 12% ₹ 1,529

2nd Machinery Purchase 1/1/2000 ₹ 13,769 12% ₹ 1,169.39 15/9/2000
2nd Machinery Purchase(2/3) 15/9/2000 ₹ 8,400 12% ₹ 293.41
3rd Machinery Purchase 1/1/2000 ₹ 14,344 12% ₹ 1,721
4th Machinery Purchase 15/9/2000 ₹ 9,000 12% ₹ 314
NET BLOCK
₹ 9,000

₹ 8,100
₹ 14,625
₹ 22,725

₹ 7,290
₹ 13,163
₹ 20,453

NET BLOCK
₹ 18,000
₹ 18,500
₹ 36,500

₹ 16,200
₹ 16,650
₹ 32,375
₹ 65,225

₹ 14,580
₹ 14,985
 ₹ 29,138
₹ 58,703

NET BLOCK
₹ 12,750

₹ 10,838
₹ 21,250
₹ 19,368
₹ 51,456

₹ 9,212
₹ 18,063
₹ 16,463
₹ 43,738

₹ 7,830
₹ 15,353
₹ 13,994
₹ 37,177

NET BLOCK

₹ 14,138
₹ 18,355
₹ 32,493
₹ 12,724
₹ 16,520
₹ 29,244

₹ 11,451
₹ 14,868
₹ 15,064
₹ 41,384

₹ 10,306
₹ 13,381
₹ 13,558
₹ 37,245

P/L SOLD VALUE NET BLOCK

₹ 18,000

₹ 16,200
₹ 23,750
₹ 21,450
₹ 61,400

-₹ 4,200 ₹ 12,000
₹ 21,375
₹ 19,305
₹ 40,680
₹ 1,022 ₹ 18,750 ₹ 19,772
₹ 17,375
₹ 17,375

P/L SOLD VALUE NET BLOCK

₹ 14,720
₹ 13,823
₹ 28,543

₹ 13,248
₹ 12,441
₹ 25,689

₹ 2,946 ₹ 15,355 ₹ 12,409

₹ 405 ₹ 5,312 ₹ 11,433 ₹ 5,717
₹ 5,607
₹ 39,601
₹ 45,208

₹ 5,046
₹ 35,641
₹ 40,687
P/L SOLD VALUE NET BLOCK
₹ 16,456

₹ 14,481
₹ 15,646
₹ 30,127

₹ 12,744
₹ 13,769
₹ 14,344
₹ 40,856

₹ 11,214
₹ 450 ₹ 3,750 ₹ 12,599
₹ 8,106 ₹ 4,200
₹ 12,623
₹ 8,686
₹ 40,629
S.No VALUE INVERTS
1 Current Ratio 6.00 Total Current Assets / Total Current Liabilities
2 Quick Ratio 3.50 (Total Current Assests - Inventory)/Total Current Liabilities
3 Receivables Turnover 11.33 Sales/Accounts Receivables
4 Day's Receivables 32.21 365/Receivables Turnover
5 Inventory Turnover 3.00 COGS/Inventory
6 Day's Inventory 121.67 365/Inventory Turnover
7 Fixed Assets Turnover 4.25 Sales/Net Fixed Assets
8 Total Assets Turnover 1.70 Sales/Total Assets
9 Times Interest Earned Ratio 7.46 EBIT/Interest Expense
10 Debt Ratio 45.00% Total Debt/Total Assets
Total Assets -Total Owner's Equity/Total Assets
11 Debt - Equity Ratio 81.82% Total Debt/Total Owners Equity
Total Asets - Total Owners Equity/Total Owners Equity
12 Equity Multiplier 1.82 Total Assets / Total Owner's Equity
13 Profit Margin 22.12% Net Income / Sales
14 Return On Assets 37.60% Net Income / Total Assets
15 Return On Equity 68.36% Net Income / Total Owner's Equity
16 Earnings Per Share $2.51 Net Income / Number Of Share Outstanding
17 Book Value Per Share $3.67 Total Owner's Equity / Number Of Share Outstanding
18 Price/Earnings Ratio 1.84 Price Per Share / Earnings Per Share
19 Market to Book Ratio 0.50 Price Per Share / Book Value Per Share
20 Payout Ratio 30.32% Dividends Paid / Net Income
21 Retention Ratio 69.68% Addition To Retained Earnings / Net Income
 BALANCE SHEET ($ in Millions) INCOME STATEMENT ($ in Millions)
ASSETS 1998 LIABILITIES AND OWNER'S EQUITY 1998 1998
CURRENT ASSETS CURRENT LIABILITIES Sales 3400
Cash 400 Accounts Payable 100 Cost Of Goods Sold 1500
Accounts Receivable 300 Notes Payable 100 Adminmistrative Expenses 600
Inventory 500 Total Current Liabilities 200 Depriciation 330
Total Current Assets 1200 Earning Before Intrest And Taxes 970
LONG TERM LIABILITIES Intrest Expense 130
Long Term Debt 700 Taxable Income 840
Total Long Term Liabilities 700 Taxes 88
FIXED ASSETS Net Income 752
Property,Paint&Equipment 1000 OWNER'S EQUITY Dividends 228
Less Accumulated Depriciation 200 Common Stock 300 Addition To Retained Earnings 524
Net Fixed Asssets 800 Capital Surplus 400
Total Assets 2000 Retained Earnings 400 OTHER INFORMATION
Total Owner's Equity 1100 Number Of Share Outstanding(Millions) 300
Total Lia. And Owner's Equity 2000 Price Per Share 4.61
PARTICULARS

Gross Income

Less: SD

Deductions u/s 80C

Monthly Premium
Yearly Premium
NSC

Total Investment

Additional

PRF Fund

Taxable Income

Tax Slab (Old)

0 - 2.5 Lakh
2.5 - 5 Lakh @5%
5 - 10 Lakh @20%

Tax Slab (New)

0 - 3 Lakh
3 - 7 Lakh @5%
7 - 10 Lakh @10%
10 - 12 Lakh @15%
12 - 15 Lakh @20%
> 15 Lakh @30%

Total Tax
OLD TAX REGIME NEW TAX REGIME

₹ 1,000,000.00 ₹ 1,000,000.00

₹ 50,000.00 ₹ 75,000.00
 SURAJ
PARTICULARS OLD TAX REGIME NEW TAX REGIME

Gross Income ₹ 1,500,000.00 ₹ 1,500,000.00

Less: SD ₹ 50,000.00 ₹ 75,000.00

Deductions u/s 80C

Monthly Premium ₹ 45,600.00
Yearly Premium ₹ 35,000.00
NSC ₹ 55,500.00

Total Investment ₹ 136,100.00

Additional

PRF Fund ₹ 35,000.00

Taxable Income ₹ 1,278,900.00 ₹ 1,425,000.00

Tax Slab (Old)

0 - 2.5 Lakh ₹ 0.00

250000 2.5 - 5 Lakh @5% ₹ 12,500.00
500000 5 - 10 Lakh @20% ₹ 100,000.00
>10 Lakh @30% ₹ 83,670.00

Tax Slab (New)

0 - 3 Lakh ₹ 0.00
400000 3 - 7 Lakh @5% ₹ 20,000.00
300000 7 - 10 Lakh @10% ₹ 30,000.00
200000 10 - 12 Lakh @15% ₹ 30,000.00
300000 12 - 15 Lakh @20% ₹ 45,000.00
> 15 Lakh @30%
₹ 196,170.00 ₹ 125,000.00 -13200
Total Tax ₹ 182,970.00 ₹ 111,800.00
 KAMAL
PARTICULARS OLD TAX REGIME

Gross Income ₹ 1,800,000.00

Less: SD ₹ 50,000.00

Deductions u/s 80C

Monthly Premium ₹ 14,400.00
Yearly Premium ₹ 12,000.00
NSC ₹ 25,000.00

Total Investment ₹ 51,400.00

Additional

PRF Fund

Taxable Income ₹ 1,698,600.00

Tax Slab (Old)

₹ 1,028,900.00 250000 0 - 2.5 Lakh ₹ 0.00

₹ 778,900.00 250000 2.5 - 5 Lakh @5% ₹ 12,500.00
₹ 278,900.00 500000 5 - 10 Lakh @20% ₹ 100,000.00
>10 Lakh @30% ₹ 284,580.00

Tax Slab (New)

₹ 1,425,000.00 300000 0 - 3 Lakh ₹ 0.00

₹ 1,025,000.00 400000 3 - 7 Lakh @5% ₹ 20,000.00
₹ 725,000.00 300000 7 - 10 Lakh @10% ₹ 30,000.00
₹ 525,000.00 200000 10 - 12 Lakh @15% ₹ 30,000.00
₹ 225,000.00 300000 12 - 15 Lakh @20% ₹ 60,000.00
> 15 Lakh @30% ₹ 157,500.00
₹ 397,080.00
Total Tax ₹ 391,580.00
NEW TAX REGIME

₹ 1,800,000.00

₹ 75,000.00

₹ 1,725,000.00

₹ 1,698,600.00 250000
₹ 1,448,600.00 250000
₹ 948,600.00 500000

₹ 1,725,000.00 300000
₹ 1,325,000.00 400000
₹ 1,025,000.00 300000
₹ 825,000.00 200000
₹ 525,000.00 300000

₹ 297,500.00
₹ 292,000.00 -5500
 AJAY
PARTICULARS OLD TAX REGIME NEW TAX REGIME

Gross Income ₹ 2,000,000.00 ₹ 2,000,000.00

Less: SD ₹ 50,000.00 ₹ 75,000.00

Deductions u/s 80C

Monthly Premium ₹ 33,600.00
Yearly Premium ₹ 25,000.00
NSC ₹ 55,000.00

Total Investment

Additional

PRF Fund ₹ 50,000.00

Taxable Income ₹ 1,836,400.00 ₹ 1,925,000.00

Tax Slab (Old)

0 - 2.5 Lakh ₹ 0.00 ₹ 1,836,400.00

2.5 - 5 Lakh @5% ₹ 12,500.00 ₹ 1,586,400.00
5 - 10 Lakh @20% ₹ 100,000.00 ₹ 1,086,400.00
>10 Lakh @30% ₹ 325,920.00

Tax Slab (New)

0 - 3 Lakh ₹ 0.00 ₹ 1,925,000.00

3 - 7 Lakh @5% ₹ 20,000.00 ₹ 1,525,000.00
7 - 10 Lakh @10% ₹ 30,000.00 ₹ 1,225,000.00
10 - 12 Lakh @15% ₹ 30,000.00 ₹ 1,025,000.00
12 - 15 Lakh @20% ₹ 60,000.00 ₹ 725,000.00
> 15 Lakh @30% ₹ 217,500.00
₹ 438,420.00 ₹ 357,500.00
Total Tax ₹ 427,420.00 ₹ 346,500.00 -11000
 Cost Of Machinery $50,000 Cost Of Ma
A Commission Charges $500 A
B Carriage Charges $2,000 $2,500 B

FOB VALUE $52,500 FOB VA

A Transportation Charges 20% $10,500 A

B Insaurance Charges 10% $5,250 $15,750 B

CIF VALUE $68,250 CIF VA

A Loading & unloading charges 2% $1,365 $69,615 A

Indian Rupees Accessable Value (66 Rs) ₹ 4,594,590 Indian Rupees Access
 Cost Of Machinery $65,287 Cost Of Machinery
Commission Charges $3,500 A
Carriage Charges $3,000 $6,500 B

FOB VALUE $71,787 FOB VALUE

Transportation Charges 20% $14,357 A

Insaurance Charges 10% $7,179 $21,536 B

CIF VALUE $93,323 CIF VALUE

Loading & unloading charges 2% $1,866 $95,190 A

Indian Rupees Accessable Value (62 Rs) ₹ 5,901,753 Indian Rupees Accessable Value (75 Rs)
 Cost Of Machinery $50,000 Cost Of Machinery
Commission Charges $300 A
Carriage Charges $3,000 $3,300 B

FOB VALUE $53,300 FOB VALUE

Transportation Charges 20% $10,660 A

Insaurance Charges 10% $5,330 $15,990 B

CIF VALUE $69,290 CIF VALUE

Loading & unloading charges 2% $1,386 $70,676 A

Indian Rupees Accessable Value (75 Rs) ₹ 5,300,685 Indian Rupees Accessable Value (66 Rs)
 Cost Of Machinery $27,500
Commission Charges $1,500
Carriage Charges $2,500 $4,000

FOB VALUE $31,500

Transportation Charges 20% $6,300

Insaurance Charges 10% $3,150 $9,450

CIF VALUE $40,950

Loading & unloading charges 2% $819 $41,769

Indian Rupees Accessable Value (66 Rs) ₹ 2,756,754