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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question No 8 Chapter No 13
8. From the following balance extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March 2018:
| Rs | Rs | ||
| Capital | 75,00,000 | Building | 7,50,000 |
| Plant | 15,00,000 | Stock on 1April, 2017 | 12,50,000 |
| Cash in hand | 2,500 | Cash book | 5,75,000 |
| Commission received | 1,75,000 | Rates, taxes and insurance | 30,000 |
| Discount(Dr) | 55,000 | Discount (Cr) | 45,000 |
| Purchases return | 50,000 | Sundry creditors | 2,50,000 |
| Interest received | 30,000 | Sales | 62,50,000 |
| Repairing charges | 1,25,000 | Book debts | 15,00,000 |
| General expenses | 3,00,000 | Rent | 62,500 |
| Wages | 5,00,000 | Purchases | 48,00,000 |
| Furniture | 1,20,000 | Carriages and fright | 75,000 |
| Sales return | 90,000 | Delivery van | 5,00,000 |
| Loan advance | 6,00,000 | Travelling expenses | 50,000 |
| Office salaries | 6,25,000 | Drawing | 6,00,000 |
The solution of Question No 8 Chapter No 13: -
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
|---|---|---|---|
| Capital | 75,00,000 | ||
| Plant | 15,00,000 | ||
| Cash in hand | 2,500 | ||
| Commission received | 1,75,000 | ||
| Discount (Dr) | 55,000 | ||
| Purchases return | 50,000 | ||
| Interest received | 30,000 | ||
| Repairing charges | 1,25,000 | ||
| General expenses | 3,00,000 | ||
| Wages | 5,00,000 | ||
| Furniture | 1,20,000 | ||
| Sales return | 90,000 | ||
| Loan advance | 6,00,000 | ||
| Office salaries | 6,25,000 | ||
| Building | 7,50,000 | ||
| Stock on 1st April 2017 | 12,50,000 | ||
| Cash at bank | 5,75,000 | ||
| Rates, Taxes and insurance | 30,000 | ||
| Discount (Cr) | 45,000 | ||
| Sundry creditors | 2,50,000 | ||
| sales | 62,50,000 | ||
| Book debts | 15,00,000 | ||
| Rent | 62,500 | ||
| Purchases | 48,00,000 | ||
| Carriages and fright | 75,000 | ||
| Delivery van | 5,00,000 | ||
| Travelling expenses | 50,000 | ||
| Drawing | 6,00,000 | ||
| Suspense A/c | 1,90,000 | ||
| 1,43,00,000 | 1,43,00,000 | ||
To understand more about cash book please check out following links: -
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T.S. Grewal's Double Entry Book Keeping
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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