Practicals - Trial Balance

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Practicals: Trial Balance

Table of Contents

General Ledger [Books of Mr. Neel]


Trial Balance [Modern Method]
General Ledger [Books of Mrs. Roy]
Trial Balance [Modern Method]
Please note. In following answers:-

tl stands for Total


Dr stands for Debit
Cr stands for Credit

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
th
4 : Sold goods to Tarl 25,000
th
5 : Cash purchases 25,000
th
7 : Cash sales 15,000
th
9 : Goods retuned to Karl 2,000
th
10 : Bought furniture for 15,000
th
11 : Cash paid to Karl 12,000
th
12 : Goods returned by Tarl 3,000
th
14 : Goods taken by Neel for personal use 3,000
th
15 : Cash received from Tarl 12,000
th
16 : Took loan from Parl 30,000
th
17 : Salary paid 5,000
th
18 : Bought stationery for 1,000
th
19 : Amount paid to Parl on loan account 18,000
th
20 : Interest received 4,000
Journal in the books of Mr. Neel

for the period from Oct 1st, _5 to Oct 20th, _5

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Practicals: Trial Balance

V/R Amount Amount


Date Particulars L/F
No. (Dr) (Cr)
Cash a/c
Dr
To Capital a/c –
Oct 1st – 80,000 80,000
[Being the amount received from Mr. Neel, the proprietor as –
his capital contribution vide receipt no:___ dated:__]
Goods/stock a/c
Dr
To Karl a/c –
3rd – 20,000 20,000
[Being the value of stock purchased from Mr.Karl on credit –
vide bill no:___ dated:__]
Tarl a/c
Dr
To Goods/stock a/c –
4th – 25,000 25,000
[Being the value of stock sold to Mr.Tarl on credit vide bill –
no:___ dated:__]
Goods/stock a/c
Dr
To Cash a/c –
5th – 25,000 25,000
[Being the value of stock purchased for cash vide bill no:___ –
dated:__]
Cash a/c
Dr
To Goods/stock a/c –
7th – 15,000 15,000
[Being the value of stock sold for cash vide receipt no:___ –
dated:__]
Karl a/c
Dr
To Goods/stock a/c –
9th – 2,000 2,000
[Being the value of stock returned to Mr.Karl vide bill no:___ –
dated:__]
Furniture a/c
Dr
To Cash a/c –
10th – 15,000 15,000
[Being the value of furniture purchased for cash from M/s –
___vide bill no:___ dated:__]
Karl a/c
Dr
To Cash a/c –
11th – 12,000 12,000
[Being the amount paid to Mr. Karl vide voucher no:___ –
dated:__]
Goods/stock a/c
Dr
To Tarl a/c –
12th – 3,000 3,000
[Being the value of stock returned by Mr.Tarl vide bill no:___ –
dated:__]
Drawings a/c
Dr
To Goods/stock a/c –
14th – 3,000 3,000
[Being the amount of stock taken by Neel for Personal use –
vide bill no:___ dated:__]

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Practicals: Trial Balance

V/R Amount Amount


Date Particulars L/F
No. (Dr) (Cr)
Cash a/c
Dr
To Tarl a/c –
15th – 12,000 12,000
[Being the amount received to Mr. Tarl vide voucher no:___ –
dated:__]
Cash a/c
Dr
To Loan from parl a/c –
16th – 30,000 30,000
[Being the cash received from Mr. Parl as loan vide receipt –
no:___ dated:__]
Salaries a/c
Dr
To Cash a/c –
17th – 5,000 5,000
[Being the amount paid for Salaries vide voucher no:___ –
dated:__]
Stationery a/c
Dr
To Cash a/c –
18th – 1,000 1,000
[Being the value of Stationery purchased from M/s___ for –
cash vide bill no:___ dated:__]
Loan from parl a/c
Dr
To Cash a/c –
19th – 18,000 18,000
[Being the amount paid to Mr. Parl for repayment of loan –
vide voucher no:___ dated:__]
Cash a/c
Dr
To Interest a/c –
20th – 4,000 4,000
[Being the interest received in cash from M/s ____vide –
voucher no:___ dated:__]
General Ledger
[Books of Mr. Neel]
Cash a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
By Goods/stock
05/10/_5 a/c – 25,000
To Capital a/c
01/10/_5 – 80,000 10/10/_5 By Furniture a/c – 15,000
To Goods/stock a/c
07/10/_5 – 15,000 11/10/_5 By Karl a/c – 12,000
To Tarl a/c
15/10/_5 – 12,000 17/10/_5 By Salaries a/c – 5,000
To Loan from parl
16/10/_5 – 30,000 18/10/_5 By Stationery a/c – 1,000
a/c
20/10/_5 – 4,000 19/10/_5 By Loan from parl – 18,000
To Interest a/c
31/10/_5 a/c – 65,000
By Balance c/d
tl 1,41,000 tl 1,41,000

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Practicals: Trial Balance

Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/11/_5 To Balance b/d – 65,000

Capital a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d – 80,000 01/10/_5 By Cash a/c – 80,000
tl 80,000 tl 80,000
01/11/_5 By Balance b/d – 80,000

Goods/stock a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
04/10/_5 By Tarl a/c – 25,000
03/10/_5 To Karl a/c – 20,000 07/10/_5 By Cash a/c – 15,000
05/10/_5 To Cash a/c – 25,000 09/10/_5 By Karl a/c – 2,000
12/10/_5 To Tarl a/c – 3,000 14/10/_5 By Drawings a/c – 3,000
31/10/_5 By Balance c/d – 3,000
tl 48,000 tl 48,000
01/11/_5 To Balance b/d – 3,000

Karl a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
To Goods/stock
09/10/_5 – 2,000
a/c
11/10/_5 – 12,000 03/10/_5 By Goods/stock a/c – 20,000
To Cash a/c
31/10/_5 – 6,000
To Balance c/d
tl 20,000 tl 20,000
01/11/_5 By Balance b/d – 6,000

Tarl a/c

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Practicals: Trial Balance

Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
By Goods/stock
12/10/_5 – 3,000
a/c
04/10/_5 To Goods/stock a/c – 25,000 15/10/_5 – 12,000
By Cash a/c
31/10/_5 – 10,000
By Balance c/d
tl 25,000 tl 25,000
01/11/_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 31/10/_5 By Balance c/d – 15,000
tl 15,000 tl 15,000
01/11/_5 To Balance b/d – 15,000

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 31/10/_5 By Balance c/d – 3,000
tl 3,000 tl 3,000
01/11/_5 To Balance b/d – 3,000

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
31/10/_5 To Balance c/d – 12,000
tl 30,000 tl 30,000
01/11/_5 By Balance b/d – 12,000

Salaries a/c

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Practicals: Trial Balance

Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
17/10/_5 To Cash a/c – 5,000 31/10/_5 By Balance c/d – 5,000
tl 5,000 tl 5,000
01/11/_5 To Balance b/d – 5,000

Stationery a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
18/10/_5 To Cash a/c – 1,000 31/10/_5 By Balance c/d – 1,000
tl 1,000 tl 1,000
01/11/_5 To Balance b/d – 1,000

Interest a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d – 4,000 20/10/_5 By Cash a/c – 4,000
tl 4,000 tl 4,000
01/11/_5 By Balance b/d – 4,000
Trial Balance
[Modern Method]
Trial Balance of Mr. Neel as on 31/10/_5
Amount Amount
Particulars L/F
(Dr) (Cr)
Cash a/c – 65,000 –
Capital a/c – – 80,000
Goods/stock a/c – 3,000 –
Karl a/c – – 6,000
Tarl a/c – 10,000 –
Furniture a/c – 15,000 –
Drawings a/c – 3,000 –
Loan from parl a/c – – 12,000
Salaries a/c – 5,000 –
Stationery a/c – 1,000 –
Interest a/c – – 4,000
Total 1,02,000 1,02,000

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Practicals: Trial Balance

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 : Mrs. Roy started business with 60,000


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

for the period from Nov 10th, _5 to Nov 30th, _5


V/R Amount Amount
Date Particulars L/F
No. (Dr) (Cr)
Cash a/c
Dr
Nov To Capital a/c –
– 60,000 60,000
10th [Being the amount received from Mr. Roy, the proprietor –
as his capital contribution vide receipt no:___ dated:__]
Furniture a/c
Dr
To Modern Furniture a/c –
11th – 10,000 10,000
[Being the furniture purchased for credit from M/S Modern –
Furniture vide bill no:___ dated:__]
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Practicals: Trial Balance

V/R Amount Amount


Date Particulars L/F
No. (Dr) (Cr)
Purchases a/c
Dr
To Cash a/c –
12th – 15,000 15,000
[Being the value of goods purchased from M/s___ for cash –
vide bill no:___ dated:__]
Purchases a/c
Dr
To B.Sen & Co a/c –
13th – 30,000 30,000
[Being the value of goods purchased for credit from M/S –
B.Sen & Co vide bill no:___ dated:__]
Bank a/c
Dr
To Cash a/c –
14th – 16,000 16,000
[Being the cash deposited into bank while opening a bank –
a/c no:___ dated:__]
Bank a/c
Dr
To Sales a/c –
16th – 15,000 15,000
[Being the value of goods sold for cash vide receipt no:___ –
dated:__]
Stationery a/c
Dr
To Bharat Stationery Mart a/c –
17th – 1,000 1,000
[Being the value of stationery purchased on credit from –
M/S Bharat Stationery Mart vide bill no:___ dated:__]
Zahir Khan a/c
Dr
To Sales a/c –
18th – 10,000 10,000
[Being the value of goods sold on credit vide invoice no:___ –
dated:__]
Machinery a/c
Dr
To Bank a/c –
19th – 6,000 6,000
[Being the value of machinery bought and payment made –
by cheque no:___ dated:__]
Sales Returns a/c
Dr
To Zahir Khan a/c –
20th – 2,000 2,000
[Being the value of goods returned by Zahir Khan vide –
return bill no:___ dated:__]
B. Sen & Co a/c
Dr
To Bank a/c –
21st – 5,000 5,000
[Being payment made by cheque vide cheque no:___ –
dated:__]
Drawings a/c
Dr
To Bank a/c –
22nd – 3,000 3,000
[Being the amount withdraw from bank for personal use –
vide cheque no:___ dated:__]

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Practicals: Trial Balance

V/R Amount Amount


Date Particulars L/F
No. (Dr) (Cr)
Interest a/c
Dr
To Bank a/c –
23rd – 2,000 2,000
[Being the amount of interest paid vide cheque no:___ –
dated:__]
Office Expenses a/c
Dr
To Bank a/c –
24th – 10,000 10,000
[Being the amount withdraw from bank for office expenses –
vide cheque no : ___ and voucher no:___ dated:__]
Bank a/c
Dr
To Zahir Khan a/c –
26th – 5,000 5,000
[Being cheque received from Zahir khan vide voucher –
no:___ dated:__]
Electrical Bill a/c
Dr
To Cash a/c –
27th – 100 100
[Being the amount paid towards electricity bill vide –
voucher no:___ dated:__]
Cash a/c
Dr
To Sales a/c –
29th – 6,000 6,000
[Being the value of sales made for cash vide receipt no:___ –
dated:__]
Bank a/c
Dr
To Commision Received a/c –
30th – 5,000 5,000
[Being the amount of commission received by cheque vide –
voucher no:___ dated:__]

General Ledger
[Books of Mrs. Roy]
Cash a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
By Purchases a/c
12/11/_5 – 15,000
By Bank a/c
10/11/_5 To Capital a/c – 60,000 14/11/_5 – 16,000
By Electrical Bill
29/11/_5 To Sales a/c – 6,000 27/11/_5 – 100
a/c
30/11/_5 – 34,900
By Balance c/d
tl 66,000 tl 66,000
01/12/_5 To Balance b/d – 34,900

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Practicals: Trial Balance

Capital a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d – 60,000 10/11/_5 By Cash a/c – 60,000
tl 60,000 tl 60,000
01/12/_5 By Balance b/d – 60,000

Furniture a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
To Modern Furniture
11/11/_5 – 10,000 30/11/_5 By Balance c/d – 10,000
a/c
tl 10,000 tl 10,000
01/12/_5 To Balance b/d – 10,000

Modern Furniture a/c


Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d – 10,000 11/11/_5 By Furniture a/c – 10,000
tl 10,000 tl 10,000
01/12/_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 To Cash a/c – 15,000
30/11/_5 By Balance c/d – 45,000
13/11/_5 To B.Sen & Co a/c – 30,000
tl 45,000 tl 45,000
01/12/_5 To Balance b/d – 45,000

B.Sen & Co a/c

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Practicals: Trial Balance

Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d – 30,000 13/11/_5 By Purchases a/c – 30,000
tl 30,000 tl 30,000
01/12/_5 By Balance b/d – 30,000

Bank a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
By Machinery a/c
19/11/_5 – 6,000
To Cash a/c By B. Sen & Co a/c
14/11/_5 – 16,000 21/11/_5 – 5,000
To Sales a/c By Drawings a/c
16/11/_5 – 15,000 22/11/_5 – 3,000
To Zahir Khan a/c By Interest a/c
26/11/_5 – 5,000 23/11/_5 – 2,000
To Commision By Office Expenses
30/11/_5 – 5,000 24/11/_5 – 10,000
Received a/c a/c
30/11/_5 – 15,000
By Balance c/d
tl 41,000 tl 41,000
01/12/_5 To Balance b/d – 15,000

Sales a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
16/11/_5 By Bank a/c – 15,000
30/11/_5 To Balance c/d – 31,000 18/11/_5 By Zahir Khan a/c – 10,000
29/11/_5 By Cash a/c – 6,000
tl 31,000 tl 31,000
01/12/_5 By Balance b/d – 31,000

Stationery a/c
Dr
Cr
Date Particulars J/F Amount Date
Particulars J/F Amount
To Bharat
17/11/_5 – 1,000 30/11/_5 By Balance c/d – 1,000
Stationery Mart a/c
tl 1,000 tl 1,000
01/12/_5 To Balance b/d – 1,000
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Practicals: Trial Balance

Bharat Stationery Mart a/c


Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d – 1,000 17/11/_5 By Stationery a/c – 1,000
tl 1,000 tl 1,000
01/12/_5 By Balance b/d – 1,000

Zahir Khan a/c


Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
By Sales Returns
20/11/_5 – 2,000
a/c
18/11/_5 To Sales a/c – 10,000 26/11/_5 – 5,000
By Bank a/c
30/11/_5 – 3,000
By Balance c/d
tl 10,000 tl 10,000
01/12/_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 30/11/_5 By Balance c/d – 6,000
tl 6,000 tl 6,000
01/12/_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 30/11/_5 By Balance c/d – 2,000
tl 2,000 tl 2,000
01/12/_5 To Balance b/d – 2,000

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Practicals: Trial Balance

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 30/11/_5 By Balance c/d – 5,000
tl 5,000 tl 5,000
01/12/_5 To Balance b/d – 5,000

Drawings a/c
Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
22/11/_5 To Bank a/c – 3,000 30/11/_5 By Balance c/d – 3,000
tl 3,000 tl 3,000
01/12/_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 30/11/_5 By Balance c/d – 2,000
tl 2,000 tl 2,000
01/12/_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 30/11/_5 By Balance c/d – 10,000
tl 10,000 tl 10,000
01/12/_5 To Balance b/d – 10,000

Electrical Bill a/c

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Practicals: Trial Balance

Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
27/11/_5 To Cash a/c – 100 30/11/_5 By Balance c/d – 100
tl 100 tl 100
01/12/_5 To Balance b/d – 100

Commision Received a/c


Dr
Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d – 5,000 30/11/_5 By Bank a/c – 5,000
tl 5,000 tl 5,000
01/12/_5 By Balance b/d – 5,000
Trial Balance
[Modern Method]
Trial Balance of Mrs. Roy as on 30/11/_5
Amount Amount
Particulars L/F
(Dr) (Cr)
Cash a/c – 34,900 –
Capital a/c – – 60,000
Furniture a/c – 10,000 –
Modern Furniture a/c – – 10,000
Purchases a/c – 45,000 –
B.Sen & Co a/c – – 30,000
Bank a/c – 15,000 –
Sales a/c – – 31,000
Stationery a/c – 1,000 –
Bharat Stationery Mart a/c – – 1,000
Zahir Khan a/c – 3,000 –
Machinery a/c – 6,000 –
Sales Returns a/c – 2,000 –
B. Sen & Co a/c – 5,000 –
Drawings a/c – 3,000 –
Interest a/c – 2,000 –
Office Expenses a/c – 10,000 –
Electrical Bill a/c – 100 –
Commision Received a/c – – 5,000
Total 1,37,000 1,37,000

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Practicals: Trial Balance

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