Question No 09 Chapter No 10

Question No 09 Chapter No 10

09.A book-keeper extracted the following Trial Balance as of 31st March 2018 :

 Dr.Cr.
Stock on 1.4.20162,50,000 
Purchases6,50,000 
Sales 10,00,000
Motor Vans3,80,000 
Debtors and Creditors1,50,00094,000
Premises 3,00,000
Shop fittings 20,000
Interest on Bank Overdraft 16,000
Purchases Returns10,000 
Sales Returns 20,000
Lighting and heating18,000 
Capital 5,00,000
Discount Received2,000 
Repairs2,500 
Electricity 6,500
Bank Overdraft2,00,000 
Stock on 31.3.20173,30,000 
Rent from subletting 15,000
Bills Receivable 8,000
Suspense Account (difference in books) 13,000
 19,92,50019,92,500

The solution of Question No 09 Chapter No 10: –

Trail Balance A/c
Particulars
J.F.DebitCredit
Stock on 1.4.2004 A/c 2,50,000 
Purchases A/c 6,50,000 
Sales A/c  10,00,000
Motor Van A/c 3,80,000 
Debtors A/c 1,50,000 
Creditors A/c  94,000
Premises A/c 3,00,000 
Shop Fittings A/c 20,000 
Interest on Bank Overdraft A/c 16,000 
Purchases Return A/c  10,000
Sales Return A/c 20,000 
Lighting & Heating A/c 18,000 
Capital A/c  5,00,000
Discount Received A/c  2,000
Repairs A/c 2,500 
Electricity A/c 6,500 
Bank Overdraft A/c  2,00,000
Rent from subletting A/c  15,000
Bills Receivable A/c 8,000 
  18,21,00018,21,000

Note: Closing Stock of Rs 3,30,000 will not appear in Trial Balance, because it has not been accounted yet

What is Ledger in accounting – explain its Types

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