Trial Balance :: Problems & Solutions

Problem : 1

Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance
Oct 1st : Neel started business with a capital of 80,000
3rd : Bought goods from Karl on credit 20,000
4th : Sold goods to Tarl 25,000
5th : Cash purchases 25,000
7th : Cash sales 15,000
9th : Goods retuned to Karl 2,000
10th : Bought furniture for 15,000
11th : Cash paid to Karl 12,000
12th : Goods returned by Tarl 3,000
14th : Goods taken by Neel for personal use 3,000
15th : Cash received from Tarl 12,000
16th : Took loan from Parl 30,000
17th : Salary paid 5,000
18th : Bought stationery for 1,000
19th : Amount paid to Parl on loan account 18,000
20th : Interest received 4,000

Solution

Journal in the books of Mr. Neel for the period from Oct 1st, 20_5 to Oct 20th, 20_5
Date V/R
No.
Particulars L/F Amount
(Dr)
Amount
(Cr)
Oct 1st Cash a/c
To Capital a/c
Dr
80,000
80,000
[Being the amount received from Mr. Neel, the proprietor as his capital contribution vide receipt no:___ dated:__]
Oct 3rd Goods/Stock a/c
To Karl a/c
Dr
20,000
20,000
[Being the value of stock purchased from Mr.Karl on credit vide bill no:___ dated:__ ]
Oct 4th Tarl a/c
To Goods/Stock a/c
Dr
25,000
25,000
[Being the value of stock sold to Mr.Tarl on credit vide bill no:___ dated:__ ]
Oct 5th Goods/Stock a/c
To Cash a/c
Dr
25,000
25,000
[Being the value of stock purchased for cash vide bill no:___ dated:__ ]
Oct 7th Cash a/c
To Goods/Stock a/c
Dr
15,000
15,000
[Being the value of stock sold for cash vide receipt no:___ dated:__ ]
Oct 9th Karl a/c
To Goods/Stock a/c
Dr
2,000
2,000
[Being the value of stock returned to Mr.Karl vide bill no:___ dated:__ ]
Oct 10th Furniture a/c
To Cash a/c
Dr
15,000
15,000
[Being the value of furniture purchased for cash from M/s ___vide bill no:___ dated:__ ]
Oct 11th Karl a/c
To Cash a/c
Dr
12,000
12,000
[Being the amount paid to Mr. Karl vide voucher no:___ dated:__ ]
Oct 12th Goods/Stock a/c
To Tarl a/c
Dr
3,000
3,000
[Being the value of stock returned by Mr.Tarl vide bill no:___ dated:__ ]
Oct 14th Drawings a/c
To Goods/Stock a/c
Dr
3,000
3,000
[Being the amount of stock taken by Neel for Personal use vide bill no:___ dated:__ ]
Oct 15th Cash a/c
To Tarl a/c
Dr
12,000
12,000
[Being the amount received to Mr. Tarl vide voucher no:___ dated:__ ]
Oct 16th Cash a/c
To Loan from Parl a/c
Dr
30,000
30,000
[Being the cash received from Mr. Parl as loan vide receipt no:___ dated:__ ]
Oct 17th Salaries a/c
To Cash a/c
Dr
5,000
5,000
[Being the amount paid for Salaries vide voucher no:___ dated:__]
Oct 18th Stationery a/c
To Cash a/c
Dr
1,000
1,000
[Being the value of Stationery purchased from M/s___ for cash vide bill no:___ dated:__ ]
Oct 19th Loan from Parl a/c
To Cash a/c
Dr
18,000
18,000
[Being the amount paid to Mr. Parl for repayment of loan vide voucher no:___ dated:__ ]
Oct 20th Cash a/c
To Interest a/c
Dr
4,000
4,000
[Being the interest received in cash from M/s ____vide voucher no:___ dated:__ ]

Ledger
[Mr. Neel's Books]

Cash a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/10/_5
07/10/_5
15/10/_5
16/10/_5
20/10/_5
To Capital a/c
To Goods/Stock a/c
To Tarl a/c
To Loan from Parl a/c
To Interest a/c





80,000
15,000
12,000
30,000
4,000
05/10/_5
10/10/_5
11/10/_5
17/10/_5
18/10/_5
19/10/_5
 
By Goods/Stock a/c
By Furniture a/c
By Karl a/c
By Salaries a/c
By Stationery a/c
By Loan from Parl a/c
 





 
25,000
15,000
12,000
5,000
1,000
18,000
 
  sub-total   1,41,000   sub-total   76,000
        31/10/_5 By Balance c/d 65,000
  Total   1,41,000   Total   1,41,000
1/11/_5 To Balance b/d 65,000        
Capital a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
        01/10/_5 By Cash a/c 80,000
  sub-total   0   sub-total   80,000
31/10/_5 To Balance c/d 80,000        
  Total   80,000   Total   80,000
        1/11/_5 By Balance b/d 80,000
Goods/Stock a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
03/10/_5
05/10/_5
12/10/_5
 
 
To Karl a/c
To Cash a/c
To Tarl a/c



20,000
25,000
3,000
 
 
04/10/_5
07/10/_5
09/10/_5
14/10/_5
By Tarl a/c
By Cash a/c
By Karl a/c
By Drawings a/c



25,000
15,000
2,000
3,000
  sub-total   48,000   sub-total   45,000
        31/10/_5 By Balance c/d 3,000
  Total   48,000   Total   48,000
1/11/_5 To Balance b/d 3,000        
Karl a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
09/10/_5
11/10/_5
To Goods/Stock a/c
To Cash a/c

2,000
12,000
03/10/_5
 
By Goods/Stock a/c
 

 
20,000
 
  sub-total   14,000   sub-total   25,000
31/10/_5 To Balance c/d 6,000        
  Total   25,000   Total   25,000
        1/11/_5 By Balance b/d 6,000
Tarl a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
04/10/_5
 
To Goods/Stock a/c
 

 
25,000
 
12/10/_5
15/10/_5
By Goods/stock a/c
By Cash a/c

3,000
12,000
  sub-total   25,000   sub-total   15,000
        31/10/_5 By Balance c/d 10,000
  Total   25,000   Total   25,000
1/11/_5 To Balance b/d 10,000        
Furniture a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
10/10/_5 To Cash a/c 15,000
  sub-total   15,000   sub-total   0
31/10/_5 By Balance c/d 15,000
  Total   15,000   Total   15,000
1/11/_5 To Balance b/d 15,000
Loan from Parl a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
19/10/_5 To Cash a/c 18,000 16/10/_5 By Cash a/c 30,000
  sub-total   18,000   sub-total   30,000
31/10/_5 To Balance c/d 12,000        
  Total   30,000   Total   30,000
      1/11/_5 By Balance b/d   12,000
Interest a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
      20/10/_5 By Cash a/c 4,000
  sub-total   0   sub-total   4,000
31/10/_5 To Balance c/d 4,000        
  Total   4,000   Total   4,000
        1/11/_5 By Balance b/d 4,000
Salaries a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
17/10/_5 To Cash a/c 5,000      
  sub-total   5,000   sub-total   0
        31/10/_5 By Balance c/d 5,000
  Total   5,000   Total   5,000
1/11/_5 To Balance b/d 5,000        
Drawings a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
14/10/_5 To Goods/stock a/c 3,000  
 
 
 
 
 
 
 
  sub-total   3,000   sub-total   0
        31/10/_5 By Balance c/d 3,000
  Total   3,000   Total   3,000
1/11/_5 To Balance b/d 3,000        
Stationery a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
18/10/_5 To Cash a/c 1,000        
  sub-total   1,000   sub-total   0
        31/10/_5 By Balance c/d 1,000
  Total   1,000   Total   1,000
1/11/_5 To Balance b/d 1,000        

Trial Balance
[Modern Method]

Trial Balance of Mr. Neel as on 31/10/_5
Particulars L/F Amount
(Dr)
Amount
(Cr)
Cash a/c
Capital a/c
Goods/Stock a/c
Karl a/c
Tarl a/c
Furniture a/c
Loan from Parl a/c
Interest a/c
Salaries a/c
Drawings a/c
Stationery a/c










65,000

3,000

10,000
15,000


5,000
3,000
1,000

80,000

6,000


12,000
4,000


Total   1,02,000 1,02,000

Problem : 2

Enter the following transactions in the Journal and post them into ledger and from the information obtained prepare a Trail Balance.
Nov 10th : Mr. Roy started business with 60,000
11th : Bought furniture from Modern Furniture for 10,000
12th : Purchased goods for cash 15,000
13th : Purchased goods from B. Sen & Co for 30,000
14th : Opened a bank account by depositing 16,000
16th : Sold goods for cash 15,000
17th : Purchased stationery for 1000 from Bharat Stationery Mart
18th : Sold goods to Zahir Khan for 10,000
19th : Bought machinery for 6,000 and payment made by cheque
20th : Goods returned by Zahir Khan for 2,000
21st : Payment to B.Sen & Co by cheque 5,000
22nd : Withdrew from bank for personal use 3,000
23rd : Interest paid through cheque 2,000
24th : Withdrew from bank for office expenses 10,000
26th : Cheque received from Zahir Khan 5,000
27th : Paid electricity bill for 100
29th : Cash sales for 6,000
30th : Commission received by cheque 5,000

Solution »

Journal in the books of Mr.Roy for the period from Nov 10th, 20_5 to Nov 30th, 20_5
Date V/R
No.
Particulars L/F Amount
(Dr)
Amount
(Cr)
Nov 10th Cash a/c
To Capital a/c
Dr
60,000
60,000
[Being the amount received from Mr. Roy, the proprietor as his capital contribution vide receipt no:___ dated:__ ]
Nov 11th Furniture a/c
To Modern Furniture a/c
Dr
10,000
10,000
[Being the furniture purchased for credit from M/S Modern Furniture vide bill no:___ dated:__ ]
Nov 12th Purchases a/c
To Cash a/c
Dr
15,000
15,000
[Being the value of goods purchased from M/s___ for cash vide bill no:___ dated:__ ]
Nov 13th Purchases a/c
To B.Sen & Co a/c
Dr
30,000
30,000
[Being the value of goods purchased for credit from M/S B.Sen & Co vide bill no:___ dated:__ ]
Nov 14th Bank a/c
To Cash a/c
Dr
16,000
16,000
[Being the cash deposited into bank while opening a bank a/c no:___ dated:__ ]
Nov 16th Cash a/c
To Sales a/c
Dr
15,000
15,000
[Being the value of goods sold for cash vide receipt no:___ dated:__ ]
Nov 17th Stationery a/c
To Bharat Stationery Mart a/c
Dr
1,000
1,000
[Being the value of stationery purchased on credit from M/S Bharat Stationery Mart vide bill no:___ dated:__ ]
Nov 18th Zahir Khan a/c
To Sales a/c
Dr
10,000
10,000
[Being the value of goods sold on credit vide invoice no:___ dated:__ ]
Nov 19th Machinery a/c
To Bank a/c
Dr
6,000
6,000
[Being the value of machinery bought and payment made by cheque no:___ dated:__ ]
Nov 20th Sales returns a/c
To Zahir Khan a/c
Dr
2,000
2,000
[Being the value of goods returned by Zahir Khan vide return bill no:___ dated:__ ]
Nov 21st B. Sen & Co a/c
To Bank a/c
Dr
5,000
5,000
[Being payment made by cheque vide cheque no:___ dated:__ ]
Nov 22nd Drawings a/c
To Bank a/c
Dr
3,000
3,000
[Being the amount withdraw from bank for personal use vide cheque no:___ dated:__ ]
Nov 23rd Interest a/c
To Bank a/c
Dr
2,000
2,000
[Being the amount of interest paid vide cheque no:___ dated:__ ]
Nov 24rd Office Expenses a/c
To Bank a/c
Dr
10,000
10,000
[Being the amount withdraw from bank for office expenses vide cheque no : ___ and voucher no:___ dated:__ ]
Nov 26th Bank a/c
To Zahir Khan a/c
Dr
5,000
5,000
[Being cheque received from Zahir khan vide voucher no:___ dated:__ ]
Nov 27th Electricity Bill a/c
To Cash a/c
Dr
100
100
[Being the amount paid towards electricity bill vide voucher no:___ dated:__ ]
Nov 29th Cash a/c
To Sales a/c
Dr
6,000
6,000
[Being the value of sales made for cash vide receipt no:___ dated:__ ]
Nov 30th Bank a/c
To Commission received a/c
Dr
5,000
5,000
[Being the amount of commission received by cheque vide voucher no:___ dated:__ ]
Cash a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
10/11/_5
16/11/_5
29/11/_5

To Capital a/c
To sales
To Sales a/c





60,000
15,000
6,000

12/11/_5
14/11/_5
27/11/_5

By Purchases a/c
By Bank a/c
By Electricity Bill a/c





15,000
16,000
100

  sub-total   81,000   sub-total   31,100
        30/11/_5 By Balance c/d 49,900
  Total   81,000   Total   81,000
1/12/_5 To Balance b/d 49,900        
Capital a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
 
30/11/_5
10/11/_5
 
By Cash a/c
 

 
60,000
 
  sub-total   60,000   sub-total   0
30/11/_5 To Balance c/d 60,000
  Total   60,000   Total   60,000
        1/12/_5 By Balance b/d 60,000
Bank a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
14/11/_5
26/11/_5
30/11/_5
 
To Cash a/c
To Zahir Khan a/c
To Commission Received a/c  




 
16,000
5,000

5,000
 
19/11/_5
21/11/_5
22/11/_5
23/11/_5
24/11/_5
By Machinery a/c
By B. Sen & Co a/c
By Drawings a/c
By Interest a/c
By Office Expenses a/c





6,000
5,000
3,000
2,000
10,000
  sub-total   26,000   sub-total   26,000
  Total   26,000   Total   26,000
               
Furniture a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
11/11/_5
 
To Modern Furniture a/c
 

 
10,000
 
       
  sub-total   10,000   sub-total   0
        30/11/_5 By Balance c/d 10,000
  Total   10,000   Total   10,000
1/12/_5 To Balance b/d 10,000        
Modern Furniture a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
        11/11/_5
 
By Furniture a/c
 

 
10,000
 
  sub-total   0   sub-total   10,000
30/11/_5 To balance c/d 10,000        
  Total   10,000   Total   10,000
        1/12/_5 By Balance b/d 10,000
Purchases a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
12/11/_5
13/11/_5
 
To Cash a/c
To B.Sen & co a/c
 


15,000
30,000
 
       
  sub-total   45,000   sub-total   0
        30/11/_5 By Balance c/d 45,000
  Total   45,000   Total   45,000
1/12/_5 To Balance b/d 45,000        
B. Sen & Co a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
21/11/_5
 
To Bank a/c
 


5,000
 
13/11/_5
By Purchases a/c 30,000
  sub-total   5,000   sub-total   30,000
30/11/_5 To Balance c/d   25,000
  Total   30,000   Total   30,000
1/12/_5 By Balance b/d 25,000
Sales a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
        16/11/_5
18/11/_5
29/11/_5
 
By Cash a/c
By zahir Khan a/c
By Cash a/c
 



 
15,000
10,000
6,000
 
  sub-total   0   sub-total   31,000
1/12/_5 To Balance c/d 31,000        
  Total   31,000   Total   31,000
        1/12/_5 By Balance b/d 31,000
Stationery a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
17/11/_5
 
To Bharat Stationery Mart a/c
 


 

1,000
 
       
  sub-total   1,000   sub-total   1,000
        30/11/_5 By Balance c/d 1,000
  Total   1,000   Total   1,000
1/12/_5 To Balance b/d 1,000        
Bharat Stationery Mart a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
17/11/_5
By Stationery a/c 1,000
  sub-total   1,000   sub-total   1,000
30/11/_5 To Balance c/d 1,000
  Total   1,000   Total   1,000
1/12/_5 By Balance b/d 1,000
Zahir Khan a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
18/11/_5
 
To Sales a/c
 

 
10,000
 
20/11/_5
26/11/_5
By Sales Returns a/c
By Bank a/c


2,000
5,000
  sub-total   10,000   sub-total   7,000
        30/11/_5 By Balance c/d 3,000
  Total   10,000   Total   10,000
1/12/_5 To Balance b/d 3,000        
Machinery a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
19/11/_5
To Bank a/c

6,000
       
  sub-total   6,000   sub-total   0
        30/11/_5 By Balance c/d 6,000
  Total   6,000   Total   6,000
1/12/_5 To Balance b/d 6,000        
Sales Returns a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
20/11/_5
To Zahir Khan a/c

2,000
       
  sub-total   2,000   sub-total   0
        30/11/_5 By Balance c/d 2,000
  Total   2,000   Total   2,000
1/12/_5 To Balance b/d 2,000        
Drawings a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
22/11/_5 To Bank a/c 3,000  
 
 
 
 
 
 
 
  sub-total   3,000   sub-total   0
        31/10/_5 By Balance c/d 3,000
  Total   3,000   Total   3,000
1/11/_5 To Balance b/d 3,000        
Interest a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
23/11/_5
To Bank a/c

2,000
       
  sub-total   2,000   sub-total   0
        30/11/_5 By Balance c/d 2,000
  Total   2,000   Total   2,000
1/12/_5 To Balance b/d 2,000        
Office Expenses a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
24/11/_5
To Bank a/c

10,000
       
  sub-total   10,000   sub-total   0
        30/11/_5 By Balance c/d 10,000
  Total   10,000   Total   10,000
1/12/_5 To Balance b/d 10,000        
Electricity Bill a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
27/11/_5
To Cash a/c

100
       
  sub-total   100   sub-total   0
        30/11/_5 By Balance c/d 100
  Total   100   Total   100
1/12/_5 To Balance b/d 100        
Commission received a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
        30/11/_5
By Bank

5,000
  sub-total   0   sub-total   5,000
30/11/_5 To Balance c/d 5,000        
  Total   5,000   Total   5,000
        1/12/_5 By Balance b/d 5,000

Trial Balance
[Modern Method]

Trial Balance of Mr. Roy as on 31/11/_5
Particulars L/F Amount
(Dr)
Amount
(Cr)
Cash a/c
Capital a/c
Bank a/c
Furniture a/c
Modern Furniture a/c
Purchases a/c
B. Sen & Co a/c
Sales a/c
Stationery a/c
Bharat Stationery Mart a/c
Zahir Khan a/c
Machinery a/c
Sales Returns a/c
Drawings a/c
Interest a/c
Office Expenses a/c
Electricity Bill a/c
Commission Received a/c










49,900

0
10,000

45,000


1,000

3,000
6,000
2,000
3,000
2,000
10,000
100

60,000


10,000

25,000
31,000

1,000







5,000
Total   1,32,000 1,32,000