All figures in Rupees

Cash/bank
Debit Credit
800,000 165,000
50,000 60,000
180,000 5,000 ADVANCE RENADVANCE RENT
1,200,000 15,000 Debit CREDIT
195,000 80,000 165,000
3,000 165,000
800,000 165,000 165,000
20,000
165,000
45,000 Normal Balance
200,000 When we increase any account, effect of increase will go to Debit side
867,000 1,558,000 the normal balance in Debit balance or vice versa
2,425,000 2,425,000

867,000.00

Equipment ADVANCE INSURANCE

DEBIT CREDIT debit CREDIT
400,000 60,000
400,000 60,000
400,000 400,000 60,000 60,000

400,000

OFFICE SUPPLIES
DEBIT CREDIT
Furniture 8,000
DEBIT CREDIT
250,000 8,000 8,000
250,000
250,000 250,000

Service Van Bank loan

DEBIT CREDIT DEBIT CREDIT
800,000 1,200,000
800,000
800,000 800,000 1,200,000 1,200,000
 capital
Debit CREDIT
1,450,000
1,450,000 ACCOUNT PAYABLE
1,450,000 1,450,000 DEBIT CREDIT
3,000 3,000
1,450,000 3,000 3,000

Drawing
DEBIT CREDIT
200,000
200,000
ect of increase will go to Debit side 200,000 200,000
e or vice versa

SERVICES revenue unearned Services Revenue

DEBIT CREDIT DEBIT CREDIT
50,000 20,000 180,000
20,000 75,000
195,000 85,000
75,000 180,000 180,000
340,000
340,000 340,000 85,000
ds
salaries payable Utilities Expense
DEBIT CREDIT DEBIT CREDIT
165,000 165,000 15,000
45,000 60,000
165,000 165,000 60,000 60,000

Salaries Expenses
DEBIT CREDIT
80,000
165,000
245,000 245,000
POL
DEBIT CREDIT
20000
 95,000

Income Summary Account Retained Earning

Debit Credit 280,000
60,000 340,000
280,000
340,000 340,000
Name of Company
Name of Statement
Time Period
1The following Trial Balance has been prepared wrongly. You are asked to

Name of Account

Cash in hand

Purchase Returns

Wages

Establishment Expenses
Sales Returns

Capital

Carriage Outward

Discount Received

Commission Earned

Machinery

Stock

Debtors

Creditors

Sales revenue

Purchase

Bank Overdraft

Manufacturing Expenses

Loan from A&B

Carriage Inward

Interest on Investment

Suspense Account
 ABC
Trial Balance
For the time period ended
s been prepared wrongly. You are asked to prepare the Trial Balance correctly. Q-2 Following are the balanc

Normal S.N
Debit Credit Debit Credit Account
Balance o.
Balance Balance Balance Balance 1
Rs. Rs. Rs Rs 2

2,000 2,000 3
Dr Asset
4,000 4,000 cr Asset 4

8,000 8,000 5
dr Expense
12,000 12,000 Dr Expense 6
8,000 8,000 Dr 7

22,000 22,000 8
cr
2,000 2,000 dr 9

1,200 1,200 10
cr
800 800 11
cr
20,000 20,000 12
Dr
10,000 10,000 13
dr
8,000 8,000 Dr 14

12,000 12,000 15
cr
44,000 44,000 16
cr
28,000 28,000 17
Dr
14,000 14,000 18
cr
14,000 14,000 19
Dr
14,000 14,000 20
cr

1,000 1,000 21
Dr

1,000 1,000 22
cr

1,13,000 1,13,000 113,000 113,000 23

Q-2 Following are the balances of ledger accounts, you are required to prepare Trial Balance for M/s Aliya Inc. as on june 30,20--

Account
Balance Debit Credit
Name
Land Rs1,200,000 Rs1,200,000 Assets
Building 860,000 860,000 Liabilities
Furniture and
400,000 400,000
Fixture Capital
Equipment 350,000 350,000 Revenues
Capital Work
400,000 400,000
in Progress
Expenses
Cash 350,000 350,000
Bank 450,000 450,000
Accounts
277,000 277,000
Receivable
Prepaid Rent 100,000 100,000
Prepaid
75,000 75,000
Insurance
Prepaid
90,000 90,000
Salaries
Accounts
150,000 150,000
Payable
Accrued
120,000 120,000
Liabilities
Capital 1,918,000 1,918,000
Revenue
102,000 102,000
Reserve
Services
3,000,000 3,000,000
Revenue
Salaries
350,000 350,000
expenses
Utilities
210,000 210,000
expenses
Insurance
25,000 25,000
expenses

Rent expense 20,000 20,000

Depreciation
Expense- 75,000 75,000
Building
Depreciation
expense- 33,000 33,000
Furniture
Depreciation
expense- 25,000 25,000
Equipment
5,290,000 5,290,000
s on june 30,20--
Following is the Trail Balance of Blues Traveller Corporation does not balance:

Blues Travellor Corporation

Trial Balance
June 30, 2021
Rs ‘000’
Accounts Title Debit Credit
Cash 29,560
Accounts Receivable 26,200
Supplies on hand 14,835
Equipment and Furniture 30,500
Accounts payable 35,220
Common Stock 40,000
Retained Earning 10,000
Service Revenue 26,000
Office Expenses 21,600
122,695 111,220

After examination of the ledger following errors were found:

i) Cash received from customer on
account was recorded (both debit and credit)
as
Rs 6,900,000 instead of Rs 9,150,000.
ii) The purchase on account of a
Equipment costing Rs 16,000,000 was
recorded as a debit to Office Expenses and a
credit to Accounts Payable
iii) Services were performed on account
for a client Rs 11,250,000, for which
Accounts Receivable was debited Rs
11,250,000 and Services Revenue was
credited Rs 1,125,000.00

iv) Payment of Utilities charges of Rs

475,000 was entered as a debit to Office
Expenses and a debit to cash
v) The Service Revenue account was
totalled at Rs 26,000,000 instead of Rs
26,400,000.

Required: Prepare corrected Trial Balance of M/s Blue Traveller Corporation for the year
 not balance:

Corporation for the year ended June 30, 2021

1) Started new Business by Mr Ahmed
Has taken Bank loan of Rs 5.00 million

2) Taken office for the business and paid Cash of Rs 100,000 for advance re
3)He further invested RS 3M from his own resources in the business
3) He further made his own computer equipment as the part of business of
5) He purchsed Merchandise worth Rs 150,000 and proise to paid the amo
6) He appointed one person as sales staff on Rs 35,000 per month
7) Paid Utilities of Rs 50,000
8) sold merchandise of Rs 50,000 and received cash
 0 for advance rent and Rs 150,000 as security deposit for six months
business
art of business of worth Rs 300,000
to paid the amount in next month
month
Cash/Bank Advane Rent
Dr Cr Dr Cr
5,000,000 250,000 100,000
3,000,000 50,000
50,000

Security Deposit
Computer Equipment Dr Cr
Dr Cr 150,000
300,000

Merchansise Inventory
Dr Cr
150,000
 Bnak Loan
Sales DR Cr
Dr Cr 5,000,000
50,000

Capital
DR Cr Utilities Exp
3,000,000 Dr Cr
300,000 50,000

Account Payable
Dr Cr
150,000