1. Journalise the following transactions in the books of Mr.
Arjun:
o Started business with cash ₹1,50,000
o Purchased goods for cash ₹25,000
o Sold goods for cash ₹18,000
o Paid rent ₹3,000
o Received commission ₹2,000
2. Journalise the following:
o Bought furniture ₹10,000 for office use
o Sold goods to Mr. Ramesh ₹8,000
o Received cash from Ramesh ₹7,500 in full settlement
o Paid salary ₹5,000
3. Record journal entries for the following adjustments:
o Outstanding salary ₹1,000
o Prepaid insurance ₹500
o Depreciation on machinery ₹800
4. Pass journal entries for the following transactions:
o Goods withdrawn by proprietor for personal use ₹2,000
o Cash withdrawn from bank ₹5,000
o Rent received in advance ₹1,200
5. Mr. Vijay’s transactions:
o Bought machinery ₹20,000
o Paid carriage on machinery ₹1,000
o Sold old furniture for ₹3,000 (book value ₹3,500)
o Paid for repairs ₹700
6. From the following balances, prepare a Trial Balance as on 31st March 2025:
Cash ₹12,000; Bank ₹15,000; Purchases ₹25,000; Sales ₹45,000; Furniture ₹8,000;
Rent ₹4,000; Salaries ₹6,000; Creditors ₹10,000; Capital ₹50,000.
7. Prepare a Trial Balance from these balances:
Purchases ₹40,000; Sales ₹70,000; Wages ₹5,000; Rent ₹2,500; Machinery ₹20,000;
Capital ₹60,000; Drawings ₹5,000; Cash ₹7,500; Creditors ₹9,000.
8. Prepare a Trial Balance for M/s. Ananya Traders using the following:
Opening Stock ₹10,000; Purchases ₹20,000; Sales ₹38,000; Furniture ₹8,000; Rent
₹3,000; Salaries ₹4,000; Capital ₹30,000; Debtors ₹6,000; Creditors ₹3,000; Cash
₹2,000.
9. The following balances were extracted from the books of Mr. Ramesh as on 31st
March 2025:
Particulars ₹
Opening Stock 8,000
Purchases 22,000
Sales 40,000
Wages 2,000
Rent 3,000
Salaries 4,000
Furniture 7,000
Cash 5,000
Creditors 6,000
Particulars ₹
Capital 35,000
Closing Stock: ₹6,000
Prepare: Trading Account, Profit & Loss Account, and Balance Sheet.
10. From the following balances of M/s. Priya Traders as on 31st March 2025:
Particulars ₹
Opening Stock 10,000
Purchases 30,000
Sales 50,000
Wages 3,000
Salaries 5,000
Rent 2,000
Furniture 9,000
Cash 4,000
Creditors 8,000
Capital 45,000
Closing Stock: ₹7,000
Prepare Final Accounts for the year ended 31st March 2025.
11. Trial balance of Mr. Sanjay as on 31st March 2025 is given below:
Particulars ₹
Opening Stock 12,000
Purchases 28,000
Sales 55,000
Wages 2,500
Salaries 3,500
Rent 2,000
Furniture 10,000
Cash 6,000
Creditors 9,000
Capital 45,000
Closing Stock: ₹8,000
Prepare Trading, Profit & Loss Account, and Balance Sheet.
12. Given the following balances of Mr. Kiran’s Books as on 31st March 2025:
Particulars ₹
Opening Stock 5,000
Purchases 25,000
Sales 48,000
Wages 1,800
Rent 2,500
Salaries 4,200
Furniture 8,000
Cash 5,500
Creditors 6,500
Capital 35,000
Closing Stock: ₹4,000
Prepare Final Accounts and ascertain Gross Profit and Net Profit.
13. The following are the balances of M/s. Anu & Co. as on 31st March 2025:
Particulars ₹
Opening Stock 9,000
Purchases 32,000
Sales 60,000
Wages 2,000
Salaries 4,000
Rent 3,000
Machinery 10,000
Furniture 6,000
Cash 7,000
Creditors 8,000
Capital 45,000
Closing Stock: ₹5,000
Prepare Trading Account, Profit & Loss Account, and Balance Sheet for the year.
14. From the following balances, prepare Final Accounts of Mr. Deepak as on 31st
March 2025:
Particulars ₹
Opening Stock 7,000
Purchases 28,000
Sales 58,000
Wages 3,000
Rent 2,500
Particulars ₹
Salaries 4,000
Furniture 9,000
Machinery 6,500
Cash 5,000
Creditors 8,500
Capital 40,000
Closing Stock: ₹6,000
Prepare Trading Account, Profit & Loss Account, and Balance Sheet showing Gross
Profit and Net Profit.
