1. Following is the Trial Balance of Kalpana Traders as on 31st march 2009.

9. You are required to prepare Trading and Profit &

Loss Account for the year ended 31st march 2009 and Balance sheet as on that date.

Trial Balance as on 31st March, 2009

Particulars Amount (Rs.) Particulars Amount (Rs.)
Stock on 1-4-2008 30,000 Capital 35,500
Purchases 85,000 Discount Received 1,500
Return Inward 2,500 Sales 1,27,500
Wages 5,300 Return outward 1,000
Salaries 6,600 Creditors 15,000
Carriage Inward 1,200 Bills Payable 5,000
Carriage Outward 200
Power & Fuel 700
Advertisement 1,300
Office Expenses 400
Printing & Stationery 800
Commission 1,000
Furniture 8,500
Machinery 30,000
Cash in Hand 1,200
Drawings 800
Debtors 7,500
Bill Receivable 2,500
1,85,500 1,85,500
Closing stock was valued at cost RS. 32,000

(Stateboard XI, 319, 4)

2. The following is the trial Balance of Sanford at 31st March, 2013. Draw the final accounts from the balances therefrom:

Particulars Debit (Rs.) Credit (Rs.)

Capital 1,50,000
Stock on 1-04-2012 30,000
Cash at Bank 10,000
Cash in hand 5,000
Machinery 1,00,000
Furniture 13,000
Purchases 2,00,000
Wages 50,000
Carriage 33,000
Salaries 70,000
Discount Allowed 4,000
Discount received 5,000
Advertising 50,000
Office Expenses 40,000
Sales 5,00,000
Sundry Debtors 90,000
Sundry Creditors 40,000
6,95,000 6,95,000
Value of Closing stock on 31st March, 2013 was Rs. 50,000.
(ISC XI, T. S. Grewal, 19.29, 15)

3. Given below is the Trial balance of Mrs. Vandana as on 31st March, 2010

Debit Balances Amount Credit Balances Amount

(Rs.) (Rs.)
Cash in Hand 6,000 Bank Loan 20,000
Sundry Debtors 23,300 Sundry Creditors 15,000
Bills Receivable 10,000 Sales 65,800
Opening Stock 16,000 Purchase returns 3,700
Purchases 37,900 Bills Payable 8,000
Sales Returns 800 Discount 2,500
Received
 Salaries 11,000 Capital 55,000
Wages 2,000
Advertisement 3,200
Discount Allowed 1,000
Machinery 40,000
Carriage 2,500
Insurance 1,800
Drawings 2,500
Octroi Duty 800
Furniture 8,000
Office Rent 3,200
1,70,000 1,70,000

Adjustments:
1. Closing stock of goods on 31.3.2010 was valued at RS. 21,000
2. Depreciation to be charged on Furniture by 5% and Machinery by 10% p.a.
3. Outstanding salary Rs. 1,000 and Wages Rs. 500
4. Prepaid Insurance Rs. 300
Prepare Trading and Profit & Loss account for the year ending 31st March 2010 and balance Sheet as on date.
(Stateboard XI, 320, 5)

4. Following is the Trial Balance of Kalyani, you are required to prepare Trading and Profit and Loss account for the year ended
31st march 2010 and balance sheet as on date.

Particulars Debit Amount (Rs.) Credit Amount (Rs.)

Capital 90000
Drawings 3,000
Stock on 1-4-2009 45,000
Octroi duty 800
Purchases & Sales 2,00,000 3,12,000
Returns 6,000 2,000
Salaries 10000
Carriage outward 1,400
Wages 14,000
Insurance 2,000
Discount received 600
Postage 800
Debtors & Creditors 60,000 64,000
Furniture 35,000
Cash in hand 10,000
Machinery 80,000
Rent & Taxes 6,000
Printing & Stationary 2,000
Bank Overdraft 7,400
Total 4,76,000 4,76,000
Adjustments:
1. Closing Stock was valued at cost Rs. 40,000 while its market price is Rs. 45,000
2. Depreciation on Machinery by 5% per annum.
3. Salary of Rs. 2000 and wages of Rs. 1000 were outstanding
4. Insurance of Rs. 500 was prepaid

(Stateboard XI, 344, 2 G.P.: 87,200, N.P.: 60,100, B/s: 221500)

5. The following Trial Balance is extracted from the books of Nikesh as at 31st March, 2013

Debit Balances Amount (Rs.) Credit Balances Amount (Rs.)

Stock on 1-4-2012 50,000 Capital 3,20,000
Furniture 16,000 Creditors 80,000
Building 1,60,000 Purchase returns 2,000
Debtors 60,000 Commission 1,000