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 |
To understand more about cash book please check out following links: –
Trial Balance | Explanation | Methods | Examples
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Also, Check out the solved question of previous Chapters: –
- Chapter No. 1 – Introduction to Accounting
- Chapter No. 2 – Basic Accounting Terms
- Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
- Chapter No. 4 – Bases of Accounting
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
- Chapter No. 11 – Special Purpose Books II – Other Books
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Trial Balance
- Chapter No. 14 – Depreciation
- Chapter No. 15 – Provisions and Reserves
- Chapter No. 16 – Accounting for Bills of Exchange
- Chapter No. 17 – Rectification of Errors
- Chapter No. 18 – Financial Statements of Sole Proprietorship
- Chapter No. 19 – Adjustments in preparation of Financial Statements
- Chapter No. 20 – Accounts from incomplete Records – Single Entry System
- Chapter No. 21 – Computers in Accounting
- Chapter No. 22 – Accounting Software – Tally
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication
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