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Question No 6 Chapter No 13
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6. From the following information, prepare a trial balance of M/s. Praying for the year ended 31st March 2018:
| Rs | Rs | ||
| Capital account | 1,25,000 | Sale | 1,54,500 |
| Furniture and fitting | 6,400 | Bank (cr. Balance) | 28,500 |
| Motor car | 62,500 | Purchases return | 1,250 |
| Building | 75,000 | Commission (cr.) | 3,750 |
| Total Debtors | 38,000 | Sale return | 2,000 |
| Total creditors | 25,000 | Advertisement | 2,500 |
| Bad debts | 1,250 | Interest account (dr.) | 1,180 |
| Stock (1st April 2017) | 34,600 | Cash balance | 6,500 |
| Purchases | 54,750 | Insurance and Tax | 12,500 |
| Input IGST A/c | 3,000 | Salaries | 40,820 |
| Output CGST A/c | 1,500 | Output SGST A/c | 1,500 |
The solution of Question No 6 Chapter No 13: –
| Trail Balance A/c | |||
| Particulars | J.F. | Debit | Credit |
| Capital | 1,25,000 | ||
| Furniture and fitting | 6,400 | ||
| Motor car | 62,500 | ||
| Building | 75,000 | ||
| Total Debtors | 38,000 | ||
| Total Creditors | 25,000 | ||
| Bad debts | 1,250 | ||
| Stock (1st April 2017) | 34,600 | ||
| Purchases | 54,750 | ||
| Input IGST | 3,000 | ||
| Output CGST | 1,500 | ||
| Sales | 1,54,500 | ||
| Bank (Cr. Balance ) | 28,500 | ||
| Purchases return | 1,250 | ||
| Commission (Cr.) | 3,750 | ||
| Sales return | 2,000 | ||
| Advertisement | 2,500 | ||
| Interest account (Dr.) | 6,500 | ||
| Cash balance | 700 | ||
| Insurance and Tax | 400 | ||
| Salaries | 8,000 | ||
| Output SGST | 1,500 | ||
| 3,41,000 | 3,41,000 | ||
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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