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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 5 Chapter No 13
With goods and Services Tax(GST)
5. The following are the balance extracted from the books of Mr A. Mukhopadhyay. Prepare a Trial Balance as on 31st March 2018:
| Rs | Rs | ||
| Cash | 2,000 | Sundry creditors | 40,000 |
| Capital | 80,000 | Investment | 8,000 |
| Purchases | 85,000 | Plant and machinery | 15,000 |
| Sales | 1,08,400 | Building | 20,000 |
| purchases return | 6,000 | Furniture | 6,000 |
| Sale return | 4,000 | Electricity | 700 |
| Transportation | 1,800 | Postage | 400 |
| Discount allowed | 500 | Drawing | 8,000 |
| Printing | 5,000 | Salaries | 6,000 |
| Sundry Debtors | 70,000 | Travelling expenses | 2,000 |
| Input CGST | 2,500 | Output CGST | 1,500 |
| Input SGST | 2,500 | Output SGST | 1,500 |
| Input IGST | 4,000 | Output IGST | 6,000 |
The solution of Question No 5 Chapter No 13: -
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
|---|---|---|---|
| Cash | 2,000 | ||
| Capital | 80,000 | ||
| Purchases | 85,000 | ||
| Sales | 1,08,400 | ||
| Purchases return | 6,000 | ||
| Sale return | 4,000 | ||
| Transportation | 1,800 | ||
| Discount allowed | 500 | ||
| Printing | 5,000 | ||
| Sundry Debtors | 70,000 | ||
| Input CGST | 2,500 | ||
| Input SGST | 2,500 | ||
| Input IGST | 4,000 | ||
| Sundry Creditors | 40,000 | ||
| Investment | 8,000 | ||
| Plant and Machinery | 15,000 | ||
| Building | 20,000 | ||
| Furniture | 6,000 | ||
| Electricity | 700 | ||
| Postage | 400 | ||
| Drawings | 8,000 | ||
| Salaries | 6,000 | ||
| Travelling Expenses | 2,000 | ||
| Output CGST | 1,500 | ||
| Output SGST | 1,500 | ||
| Output IGST | 6,000 | ||
| 2,43,400 | 2,43,400 | ||
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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