Trial Balance __ Problems & Solutions

10/17/2014Trial 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 Mr.Sonu – 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 Mr.Meenu 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 http://www.futureaccountant.com/accounting-process/problems-solutions/trial-balance.php#.VEEv87CUci5 1/7 000 11/07/05 To Jane a/c – 5.500 – 58.10/17/2014 Trial Balance :: Problems & Solutions [Being the value of stock Purchased from Mr.24.500 [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.futureaccountant.24.000 [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 17/07/05 By Drawings a/c – 1.000 – 18.500 Dr 66.500 – 5.000 14/07/05 To Sonu – 12.000 05/07/05 By Furniture a/c – 15.VEEv87CUci5 2/7 .500 15/07/05 By Machinery a/c – 18.000 – 1.000 04/07/05 To Goods/Stock a/c – 16. Sonu vide cash receipt no:___ dated:__ ] July 15th – Dr Machinery a/c To C ash a/c – 18.000 17/07/05 By Goods/Stock a/c – 13.000 – 3.500 Capital a/c Date Particulars J/F Am ount (in Rs) Date 01/07/05 sub-total 30/07/05 To Balance c/d 0 – Cr Particulars By C ash a/c J/F Am ount (in Rs) – sub-total 75.000 [Being the amount of cash received from Mr.000 75. Zenu vide bill no:___ dated:__ ] July 14th – Dr C ash a/c To Sonu a/c – 12.000 – 1.500 [Being the value of stock Sold to Ms.000 [Being the value of stock returned from Mr.000 http://www.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 – 75.500 66.000 [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 Total 1. Manu vide vocher no:___ dated:__ ] July 9th – Dr Jane a/c To Goods/Stock a/c – 13.000 75.Zane vide bill no:___ dated:__ ] July 10th – Dr Goods/Stock a/c To Sonu a/c – 3.000 – 12. Sonu vide bill no:___ dated:__ ] July 11th – Dr C ash a/c To Jane a/c – 5.500 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 15.500 – 13.000 [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 – 3.500 [Being the amount of cash received from Ms.000 [Being the amount of stock returned to Mr. Zenu vide bill no:___ dated:__ ] July 8th – Dr Manu a/c To C ash a/c – 10.000 sub-total 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 16/07/05 To Furniture a/c – 1.000 – 15. Jane vide cash receipt no:___ dated:__ ] July 12th – Dr Drawings a/c To Good/stock a/c – 3.500 – 1.php#.000 [Being the amount paid to Mr.000 – 10.000 – 1.24.com/accounting-process/problems-solutions/trial-balance.000 08/07/05 By Manu a/c – 10. 000 14.000 30/07/05 To Balance c/d sub-total 01/07/05 Cr Particulars By Goods/Stock a/c Total 25.000 – 16.000 68.000 15.000 Date 14/07/05 Total To Balance b/d Particulars By C ash a/c Dr – 1.000 – 1.000 – 15.000 1.10/17/2014 Trial Balance :: Problems & Solutions 75.000 05/07/05 – 3.com/accounting-process/problems-solutions/trial-balance.500 – 3.000 – 13.php#.000 04/07/05 – 12.000 – 15.000 02/07/05 – 15.000 Total By Balance b/d – 75.000 – 2. Furniture a/c Date 06/07/05 Particulars To C ash a/c J/F – sub-total Am ount (in Rs) 15.000 – 11.000 Total 13.500 Date 11/07/05 30/07/05 31/07/05 To Balance b/d – J/F – 5.000 By Balance c/d – 14.000.500 – 3.000 12.500 – 8.000 Date 07/07/05 Cr Particulars By Goods/Stock a/c Total 12.000 14/07/05 By C ash a/c – 12.000 J/F Am ount (in Rs) 10/07/05 By Goods/stock a/c – 3.000 31/07/05 Dr – sub-total 12.500 Dr To Balance c/d 68.000 65.000 Manu a/c Date Particulars J/F Am ount (in Rs) Date 05/07/05 To Goods/Stock a/c – 2.000 13.000 Total 25.000 Total 68.000 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 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 – 15.500 8.000 Drawings a/c Date Particulars J/F Am ount (in Rs) 13/07/05 To Goods/stock a/c – 3.500 Date Cr Particulars J/F Am ount (in Rs) http://www.500 sub-total Total 31/07/05 To Balance b/d sub-total 68.500 Total Cr Am ount (in Rs) 13.000.000 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 – J/F sub-total 15.futureaccountant.000 11.000 Total 15.500 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 05/07/05 – 13.500 By C ash a/c 3.000 31/07/05 Dr Am ount (in Rs) sub-total 0 – J/F By Balance b/d 15.500 By Balance c/d 5.000 o8/07/05 To C ash a/c – 10.000 Total 31/07/05 Dr 75.000.000 30/07/05 31/07/05 Cr Am ount (in Rs) 15.000 Total 15.000 25.000 – J/F Am ount (in Rs) By Balance b/d 12.000 – 13.000 Dr Cr Particulars 15. Sonu a/c Date 02/07/05 Particulars To Goods/Stock a/c J/F – Total Am ount (in Rs) Date 15.000 15.VEEv87CUci5 3/7 .000 17/07/05 To C ash a/c – 1.000 Total 12.000 – J/F Am ount (in Rs) By Balance b/d 25.500 Dr Particulars By C ash a/c sub-total 13. Jane a/c Date 09/07/05 Particulars To Goods/stock a/c J/F – sub-total Am ount (in Rs) 13.000 Total 15.500 – 30/07/05 – 65.500 3.000 31/07/05 Dr – sub-total 1. 000 – 1. 10.000 18.1000 from Bharat Stationery Mart 18th : Sold goods to Zahir Khan for Rs. 2. 5.Sen &C o by cheque Rs.50.VEEv87CUci5 4/7 .000 21st : Payment to B.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. 5. Sen & C o for Rs.000 14th : Opened a bank account by depositing Rs.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 3.30.000 Total 18.000 and payment made by cheque 20th : Goods returned by Zahir Khan for Rs. 10.000 – 50.000 12th : Purchased goods for cash Rs.000 11th : Bought furniture from Modern Furniture for Rs.60.000 19th : Bought machinery for Rs. 6.500 Total 4.000 No. From the information obtained prepare a Trail Balance. Problems & Solutions 02.000 30th : C ommission received by cheque Rs.000 – 20.php#. 5.com/accounting-process/problems-solutions/trial-balance. 3. 100 29th : C ash sales for Rs.000 18.000 23rd : Withdrew from bank for office use Rs. Enter the following transactions in the Journal and post them into ledger.000 – 15. Moon for the period from August 10th.000 [Being the payment made for stock http://www. 15. 16.50. 2005 Date V/R No. Nov 10th : Mr.000 17th : Purchased stationery for Rs.500 sub-total Total 31/07/05 By Balance c/d – – 4.000 27th : Paid electricity bill for Rs. 6. August 10th – Particulars C ash a/c L/F Dr To C apital a/c – Debit Amount Credit Amount (in Rs) (in Rs) 1.000 16th : Sold goods for cash Rs. Moon.500 To Balance b/d 0 sub-total 30/07/05 4.500 4. the proprietor as his capital contribution vide receipt no:___ dated:__ ] August 11th – Bank a/c Dr To C ash a/c – 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 To Balance b/d 0 – 18.000 26th : C heque received from Zahir Khan Rs.000 Solution » Journal in the books of Mr.futureaccountant.000 22nd : Withdrew from bank for personal use Rs.000 24th : Interest paid through cheque Rs. 15. 10. 2005 to August 30th.000 13th : Purchased goods from B. 2.10/17/2014 Trial Balance :: Problems & Solutions 4.000 30/07/05 Total 31/07/05 Cr Am ount (in Rs) By Balance c/d – 18. Roy started business with Rs.000 [Being the amount received from Mr.000 sub-total sub-total 18. Sun vide C heque no:___ dated:__ ] August 16th – Dr Rent a/c To Bank a/c – 5.000 [Being the amount received for stock sold to Mr. Storm for repayment of loan vide vocher no:___ dated:__ ] August 27th – Dr Salary a/c To C ash a/c – 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.futureaccountant.VEEv87CUci5 5/7 .000 [Being the amount received for commission vide cheque no:___ dated:__ ] August 19th – Dr Wages a/c To C ash a/c – 15.000 – 3.000 [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 – 5.000 [Being the amount paid for salary to Mr.000 – 10.000 [Being the amount deposited into bank vide vocher no:___ dated:__ ] August 24th – Dr Interest a/c To Bank a/c – 2. Storm as loan vide receipt no:___ dated:__ ] August 18th – Dr Bank a/c To C ommission a/c – 5.000 [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. Wind as loan vide vocher no:___ dated:__ ] August 26th – Dr Loan from Storm a/c To C ash a/c – 15.000 – 5.000 [Being the amount of cash given to Mr.000 [Being the amount paid to Mr.000 [Being the amount of interest paid vide cheque no:___ dated:__ ] August 25th – Dr Loan to Mr.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 – 25.000 – 15.000 [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 http://www.000 – 2.000 [Being the amount paid for purchase of postage vide vocher no:___ dated:__ ] August 29th – Dr Bank a/c To Equipment a/c – 3. Wind a/c – 2.000 – 5.php#.000 – 1.000 [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 C heque no:___ date___ received from Mr. Wind a/c To C ash a/c – 10.com/accounting-process/problems-solutions/trial-balance. Wind for repayment of loan] August 30th – Dr C ash a/c To Loan to Mr.000 – 2.000 [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 – 15.000 [Being the cash received from Mr.000 – 30. Liquid vide vocher no:___ dated:__ ] August 28th – Dr Postage a/c To C ash a/c – 1.000 – 10.000 – 15.000 – 25. 000 30/08/05 By Balance c/d – 13.000 30/08/05 To Balance c/d – 10.50.000 10.000 http://www.000 Loan from Storm a/c Date Particulars J/F Am ount (in Rs) 26/08/05 To C ash a/c – 15.000 25/08/05 By Loan to Wind a/c – 10.000 30/08/05 By Balance c/d – 15.000 19/08/05 By Wages a/c – 15.000 To Balance b/d – 1.000 15.000 6/7 .000 21.000 Dr 1.10/17/2014 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) 15.50.000 12/08/05 By Equipment a/c – 15.VEEv87CUci5 15.000 30/08/05 By Balance c/d – 5.futureaccountant.000 22/08/05 By Goods/stock a/c – 25.87.000 5.000 Date Cr Particulars J/F Am ount (in Rs) 30/08/05 By C ash a/c – 2.000 Dr 5.000 20/08/05 By Drawings a/c – 3.000 22/08/05 To C ash a/c – 25.000 1.php#.000 Date Cr Particulars J/F Am ount (in Rs) 14/08/05 By Bank a/c – 15.000 11/08/05 By Bank a/c – 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 Total 31/07/05 To Balance b/d Total 1.000 – 2.000 13.000 25.000 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) 5.03.000 31/08/05 Dr 1.000 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) 1.000 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 45.000 25.000 5.000 a/c – 3.000 5.000 31/08/05 To Balance b/d – Dr 45.000 30/08/05 By Balance c/d – 63.000 30/08/05 By Balance c/d – 30.000 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 1.000 26/08/05 By Loan from storm 15.000 15.000 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 17/08/05 By C ash a/c – 31/08/05 By Balance b/d – Am ount (in Rs) 25.000 16/08/05 By Rent a/c – 5.000 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 18/08/05 To C ommission a/c – 5.000 5.000 Dr 25.000 30.000 31/08/05 To Balance b/d – Dr 15.50.000 Goods/Stock a/c Date Particulars J/F Am ount (in Rs) 13/08/05 To Bank a/c – 20.000 13/08/05 By Goods/Stock a/c – 20.03.000 – 10.000 23/08/05 By Bank a/c – 30.87.000 – Dr 1.000 29/08/05 To Loan to Mr wind 24/08/05 By Interest a/c – 2.000 1.000 14/08/05 To Goods/Stock a/c – 15.000 23/08/05 To C ash – 30.000 31/08/05 To Balance b/d – Dr 5.000 1.50.000 21/08/05 By C ash a/c – 10.com/accounting-process/problems-solutions/trial-balance.000 63.50.000 5.000 21. 5 and above http://www.10/17/2014 Trial Balance :: Problems & Solutions 31/08/05 To Balance b/d – Dr 15.000 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 7.000 30/08/05 By Balance c/d – 1.000 31/08/05 To Balance b/d – Dr 3.php#.000 Author C redit : The Edifier Search Search Disclaimer ♣ Privacy Policy ♣ Terms of Service ♣ Who We Are ♣ Copyright © Krishbhavara.000 3.000 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 Loan to Wind a/c Date 25/08/05 Particulars To C ash a/c J/F – Am ount (in Rs) 10.000 31/08/05 To Balance b/d – Dr 2.futureaccountant.000 7.000 30/08/05 By Balance c/d – 2.000 5.000 30/08/05 By Balance c/d – 5.000 Cr Date Particulars J/F 29/08/05 By Bank – 30/08/05 By Balance c/d – Am ount (in Rs) 3.000 10.000 30/08/05 By Balance c/d – 3.com/accounting-process/problems-solutions/trial-balance.000 2.000 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 2.000 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 31/08/05 To Balance b/d – Dr 5.000 5. All rights reserved ♣ Site optimized for Internet Explorer 5.000 1.000 1.000 31/08/05 To Balance b/d – 1.000 3.VEEv87CUci5 7/7 .000 31/08/05 To Balance b/d – Dr 10.