Trial Balance :: Problems & Solutions

No. Problems & Solutions
01.
Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance
Oct 1st :
3rd :
4th :
5th :
7th :
9th :
10th :
11th :
12th :
14th :
15th :
16th :
17th :
18th :
19th :
20th :
Neel started business with a capital of Rs. 80,000
Bought goods from Karl on credit Rs. 20,000
Sold goods to Tarl Rs.25,000
Cash purchases Rs. 25,000
Cash sales Rs. 15,000
Goods retuned to Karl Rs. 2,000
Bought furniture for Rs.15,000
Cash paid to Karl Rs. 12,000
Goods returned from Tarl Rs. 3,000
Goods taken by Neel for personal use Rs. 3,000
Cash received from Tarl Rs. 12,000
Took loan from Parl Rs. 30,000
Salary paid Rs. 5,000
Bought stationery for Rs. 1,000
Amount paid to Parl on loan account Rs. 18,000
Interest received for Rs. 4,000

Solution »

 

Solution » Hide/Show

Journal in the books of Mr. Ramu for the period from July 1st, 2005 to July 30th, 2005
Date V/R
No.
L/F Debit Amount
(in Rs)
Credit Amount
(in Rs)
July 1st Dr
75,000
75,000
July 1st Dr
25,000
25,000
July 2nd Dr
20,000
20,000
July 3rd Dr
15,000
15,000
July 4th Dr
16,000
16,000
July 5th Dr
2,000
2,000
July 6th Dr
15,000
15,000
July 7th Dr
12,000
12,000
July 8th Dr
10,000
10,000
July 9th Dr
13,500
13,500
July 10th Dr
3,000
3,000
July 11th Dr
5,500
5,500
July 12th Dr
3,000
3,000
July 13th Dr
1,000
1,000
July 14th Dr
12,000
12,000
July 15th Dr
18,000
18,000
July 16th Dr
1,000
1,000
July 17th Dr
1,500
1,500
July 19th Dr
15,000
15,000
July 20th Dr
13,500
13,500


DrCash a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
01/07/05
04/07/05
11/07/05
14/07/05
16/07/05
19/07/05
To Capital a/c
To Goods/Stock a/c
To Jane a/c
To Sonu
To Furniture a/c
To Goods/Stock a/c





75,000
16,000
5,500
12,000
1,000
15,000
05/07/05
08/07/05
15/07/05
17/07/05
17/07/05
 
By Furniture a/c
By Manu a/c
By Machinery a/c
By Drawings a/c
By Goods/Stock a/c
 





 
15,000
10,000
18,000
1,500
13,500
 
  sub-total   1,24,500   sub-total   58,000
        30/07/05 By Balance c/d 66,500
  Total   1,24,500   Total   1,24,500
31/07/05 To Balance b/d 66,500        
DrCapital a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
        01/07/05 By Cash a/c 75,000
  sub-total   0   sub-total   75,000
30/07/05 To Balance c/d 75,000        
  Total   75,000   Total   75,000
        31/07/05 By Balance b/d 75,000
DrGoods/Stock a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
01/07/05
03/07/05
07/07/05
10/07/05
20/07/05
 
 
To Manu a/c
To Meenu a/c
To Zenu a/c
To Sonu a/c
To Cash a/c
 
 





 
 
25,000
15,000
12,000
3,000
13,500
 
 
02/07/05
04/07/05
05/07/05
05/07/05
05/07/05
13/07/05
19/07/05
By Sonu a/c
By Goods /stock a/c
By Manu a/c
By Zane a/c
By Drawings a/c
By Zenu a/c
By Cash a/c






15,000
16,000
2,000
13,500
3,000
1,000
15,000
65,500
3,000
68,500
  sub-total   68,500   sub-total   65,500
      30/07/05 To Balance c/d 3,000
  Total   68,500   Total   68,500
31/07/05 To Balance b/d 3,000        
DrManu a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
05/07/05
o8/07/05
To Goods/Stock a/c
To Cash a/c

2,000
10,000
01/07/05
 
By Goods/Stock a/c
 

 
25,000
 
  sub-total   12,000   sub-total   25,000
30/07/05 To Balance c/d 13,000        
  Total   25,000   Total   25,000
        31/07/05 By Balance b/d 13,000;
DrSonu a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
02/07/05
 
To Goods/Stock a/c
 

 
15,000
 
10/07/05
14/07/05
By Goods/stock a/c
By Cash a/c

3,000
12,000
  Total   15,000   Total   15,000
DrMeenu a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
        03/07/05 By Goods/Stock a/c 15,000
  sub-total   0   sub-total   15,000
30/07/05 To Balance c/d 15,000        
  Total   15,000   Total   15,000
        31/07/05 By Balance b/d 15,000;
DrFurniture a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
06/07/05 To Cash a/c 15,000 14/07/05 By Cash a/c 1,000
  sub-total   15,000   sub-total   1,000
        30/07/05 By Balance c/d 14,000
  Total   15,000   Total   15,000
31/07/05 To Balance b/d 14,000        
DrZenu a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
13/07/05 To Goods/Stock a/c 1,000 07/07/05 By Goods/Stock a/c 12,000
  sub-total   1,000   sub-total   12,000
30/07/05 To Balance c/d 11,000        
  Total   12,000   Total   12,000
        31/07/05 By Balance b/d 11,000;
DrJane a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
09/07/05 To Goods/stock a/c 13,500 11/07/05 By Cash a/c 5,500
  sub-total   13,500   sub-total   5,500
        30/07/05 By Balance c/d 8,000
  Total   13,500   Total   13,500
31/07/05 To Balance b/d 8,000        
DrDrawings a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
13/07/05
17/07/05
To Goods/stock a/c
To Cash a/c

3,000
1,500
 
 
 
 
 
 
 
 
  sub-total   4,500   sub-total   0
        30/07/05 By Balance c/d 4,500
  Total   4,500   Total   4,500
31/07/05 To Balance b/d 4,500        
DrMachinery a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
15/07/05 To Cash a/c 3,000
18,000
       
  sub-total   18,000   sub-total   0
        30/07/05 By Balance c/d 18,000
  Total   18,000   Total   18,000
31/07/05 To Balance b/d 18,000        

No. Problems & Solutions
02.
Enter the following transactions in the Journal and post them into ledger.

From the information obtained prepare a Trail Balance.

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

Solution »

 
 

Journal in the books of Mr. Moon for the period from August 10th, 2005 to August 30th, 2005
Date V/R
No.
L/F Debit Amount
(in Rs)
Credit Amount
(in Rs)
August 10th Dr
1,50,000
1,50,000
August 11th Dr
50,000
50,000
August 12th Dr
15,000
15,000
August 13th Dr
20,000
20,000
August 14th Dr
15,000
15,000
August 16th Dr
5,000
5,000
August 17th Dr
25,000
25,000
August 18th Dr
5,000
5,000
August 19th Dr
15,000
15,000
August 20th Dr
3,000
3,000
August 21st Dr
10,000
10,000
August 22nd Dr
25,000
25,000
August 23rd Dr
30,000
30,000
August 24th Dr
2,000
2,000
August 25th Dr
10,000
10,000
August 26th Dr
15,000
15,000
August 27th Dr
5,000
5,000
August 28th Dr
1,000
1,000
August 29th Dr
3,000
3,000
August 30th Dr
2,000
2,000

DrCash a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
10/08/05
17/08/05
21/08/05
30/08/05





To Capital a/c
To loan from storm
a/c
To Bank a/c
To Equipment















15,000

25,000
10,000
2,000





11/08/05
12/08/05
19/08/05
22/08/05
23/08/05
25/08/05
26/08/05

27/08/05
28/08/05
30/08/05
By Bank a/c
By Equipment a/c
By Wages a/c
By Goods/stock a/c
By Bank a/c
By Loan to Wind a/c
By Loan from storm
a/c
By Salaries a/c
By Postage a/c
By Balance c/d










50,000
15,000
15,000
25,000
30,000
10,000

15,000

5,000
1,000
21,000
  Total   1,87,000   Total   1,87,000
31/07/05 To Balance b/d 21,000        
DrCapital a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
 
30/08/05
 
To Balance c/d
 
 
1,50,000
10/08/05
 
By Cash a/c
 

 
1,50,000
 
      1,50,000       1,50,000
        31/08/05 By Balance b/d 1,50,000
DrBank a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
11/08/05
14/08/05
18/08/05
23/08/05
29/08/05
 
T0 Cash a/c
To Goods/Stock a/c
To Commission a/c
To Cash
To Loan to Mr wind
a/c
 






 
50,000
15,000
5,000
30,000

3,000
 
13/08/05
16/08/05
20/08/05
21/08/05
24/08/05
30/08/05
By Goods/Stock a/c
By Rent a/c
By Drawings a/c
By Cash a/c
By Interest a/c
By Balance c/d





20,000
5,000
3,000
10,000
2,000
63,000
      1,03,000       1,03,000
31/08/05 To Balance b/d 63,000        
DrEquipment a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
12/08/05
 
To Cash a/c
 

 
15,000
 
30/08/05
30/08/05
By Cash a/c
By Balance c/d

2,000
13,000
      15,000       15,000
31/08/05 To Balance b/d 13,000        
DrGoods/Stock a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
13/08/05
22/08/05
 
To Bank a/c
To Cash a/c
 


20,000
25,000
14/08/05
 
30/08/05
By Bank a/c
 
By Balance c/d

 
15,000
 
30,000
      45,000       45,000
31/08/05 To Balance b/d 30,000        
DrRent a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
16/08/05
 
To Bank a/c
 

 
5,000

30/08/05

By Balance c/d
 

5,000
      5,000       5,000
31/08/05 To Balance b/d 5,000        
DrLoan from Storm a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
26/08/05
30/08/05
To Cash a/c
To Balance c/d

15,000
10,000
17/08/05
 
By Cash a/c

25,000
      25,000       25,000
        31/08/05 By Balance b/d 10,000
DrCommission a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
 
30/08/05
 
To Balance c/d
 
 
5,000
18/08/05
 
By Bank a/c

5,000
      5,000       5,000
        31/08/05 By Balance b/d 5,000
DrWages a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
19/08/05
To Cash a/c

15,000
 
30/08/05
 
By Balance c/d


15,000
      15,000       15,000
31/08/05 To Balance b/d 15,000        
DrDrawings a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
20/08/05
To Bank a/c

3,000

30/08/05

By Balance c/d


3,000
      3,000       3,000
31/08/05 To Balance b/d 3,000        
DrInterest a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
24/08/05
To Bank a/c

2,000
 
30/08/05
 
By Balance c/d


2,000
      2,000       2,000
31/08/05 To Balance b/d 2,000        
DrLoan to Wind a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
25/08/05
To Cash a/c

10,000
29/08/05
30/08/05
By Bank
By Balance c/d

3,000
7,000
      10,000       10,000
31/08/05 To Balance b/d 7,000        
DrSalaries a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
27/08/05
To Cash a/c

5,000

30/08/05
 
By Balance c/d


5,000
      5,000       5,000
31/08/05 To Balance b/d 5,000        
DrPostage a/cCr
Date Particulars J/F Amount
(in Rs)
Date Particulars J/F Amount
(in Rs)
28/08/05
To Cash a/c

1,000

30/08/05
 
By Balance c/d


1,000
      1,000       1,000
31/08/05 To Balance b/d 1,000        
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