ACCOUNT ONLY

Qu.1 : Komal & company

Balance sheet as on 31-03-2017

Liabilities Amount Assets Amount

Capital a/c 195000 Cash 24200
Bank loan 50000 Bank a/c 40000
Mayur Indian (creditor) 36200 Furniture & fixture 25000
Opening stock 170000
Sunil kumar (debtor) 22000
Total 281200 Total 281200
April 01
1) Paid shop rent Rs. 1200/-.
2) Paid staff salary Rs. 3500/-.
3) Sold goods for cash Rs. 4600/-.
4) Sold goods to Ashish Kumar Rs. 3600/-.
April 02
1) Purchase Office stationery Rs. 300/-.
2) Received Cheque of Rs. 22000/- from Sunil Kumar.
3) Drew for personal use Rs. 3000/-.
4) Sold goods for cash Rs. 6800/-.
5) Paid for electric bill Rs. 900/-.
April 03
1) Drew A DD of Rs. 36000/- In favor of Mayur Ind. And Bank commission Rs. 108/-.
Payment made by cheque.
2) Discount received Rs. 200/- From Mayur Indian.
3) Ashish Kumar paid Rs. 3500/- In full settlement of his a/c.
4) Sold goods for cash 6200/-.
April 04
1) Deposit Rs. 10000 in Bank a/c.
2) Purchase office chair Rs. 1800/-.
3) Purchase goods from Mayur Ind. Rs. 40600/-.
4) Sold goods for cash Rs. 4800/-.

Closing Stock:- 163400

Trial Balance :- 312000
Net Loss/profit :- 20508 Balance Sheet:- 282800
Qu. 2 : Akash Agencies
Liabilities Amount Assets Amount
Capital 122000 Cash 71000
Loan 83000 Bank 59000
Mayor & co. 17000 Shyam & co. 14000
Provision (elec. Bill) 2400 Computer 36000
Stock 44400
Total 224400 Total 224400
01/04

1) Paid Rs. 10000/- & cheque of Rs. 7000/- to Mayur & co.

2) Purchase goods of Rs. 19000/- from Mayur & co.

08/05

3) Received A DD from Shyam & co. Rs. 13000/- with Full Settlement of a/c.

10/05

4) Paid a cheque of rs. 30000/- to mayor & co.

5) Sold good of Rs. 21400/-

20/5

6) Rs. 18000/- Deposited in bank.

7) Rs. 1000/- Donated for Eye bank.

23/11

8) Petrol expenses Rs. 635/-.

9) Purchase goods of Rs. 11000/- from Mayur & co.

24/12

10) Rs. 3000/- paid for office painting.

11) Received interest Rs. 2080/-.

07/01

12) Sold goods to Shyam & co. of Rs. 12000/-.

18/02

13) Old news paper of Rs. 580/- sold out.

14) Sold goods for cash Rs. 10000/-.

17-03

15) Broken furniture of Rs. 2300/- sold out.

16) Depreciation on computer 10%.

17) Electric bill Rs. 2400/- paid for provision.

31/03

18) Provision made for account writing charges Rs. 2000/-.

19) Cash sale Rs. 9000/-.

Closing Stock:- Rs. 39670 (date- 31-03)

Trial balance:- 264760

Net Profit/Loss:- 13495

Balance Sheet:- 218495

Qu. 3: Anmol Provision
Liabilities Amount Assets Amount
Capital 254160 Cash 123000
Loan 67940 Bank 69000
Provision (elec. Bill) 8000 Printer & fax machine 82700
Stock 55400

Total 330100 Total 330100

01/04
1) Rs. 23000/- deposited in bank.
2) Electric bill Rs. 8000/- paid.
05/06
3) Purchase goods of Rs. 20000/-.
4) Rs. 6000/- paid for machinery repair.
07/08
5) Received interest Rs. 950/-.
6) Sold goods of Rs. 36400/- to Purva & co.
09/08
7) Furniture of Rs. 1800/- sold out.
8) Received a cheque of Rs. 36000/- from Purva & co. with full settlement of account.
15/12
9) Rs. 2000/- paid for father eye surgery (capital).
10) Purchase a water cooler of Rs. 13000/- from Avon electrical.
11) Bank commission Rs. 150 paid.
31/03
12) Sold goods of Rs. 17000/-.
13) Provision made for ele. Bill Rs. 6000/-.

Closing Stock:- Rs. 61500 (date- 31-03)

Trial Balance:- 393250 Net Profit/Loss:- 31900 Balance Sheet:- 367000

Qu. 4: Summit Hotels and Resorts
Liabilities Amount Assets Amount
Capital 890400 Cash 187400
Loan 144000 Building & Land 640000
Om Anna Bhandar 43000 Furniture & Fixture 130000
Vehicle 120000

Total 1077400 Total 1077400

1) Rs. 16000/- Received from Kamat Marriage Party as advanced.

2) Rs. 5000/- Paid for interior decoration.

3) Rs. 200/- Paid for lawn maintenance.

4) Phone bill Rs. 650/- paid.

5) Cash received Rs. 42700/- from Amol & co.

6) Rs. 20000/- paid to Om Anna Bhandar.

7) Purchase Antique items of Rs. 7000/- for cash.

8) Bill received of Rs. 14000/-.

9) Received Rs. 15000/- from Adinath Industry for reception Arrange for them.

10) Rs. 700/- paid to Plumber.

11) Rs. 9000/- salary paid to cook.

Trial Balance:- 1145100

Net Profit/Loss:- 8550

Balance Sheet:- 1057400

Qu. 5: Shubhangi Pvt. Ltd.
Liabilities Amount Assets Amount
Capital 492400 Cash 12000
Asha agencies 21500 Bank 234000
Loan from father` 50500 stock 130000
ANIL & COM 4300 Furniture & Fixture 187000
Anil agencies 3400
Kailash and sons 2300
Total 568700 Total 568700

01-04

1) Paid shop rent Rs. 1200/-.

2) Paid staff salary Rs. 2000/-.

3) Purchase stationery Rs. 400/-.

4) Sold goods for cash Rs. 2500/-.

5) Received cheque from Kailash and Sons Rs. 2300/-.

07-04

6) Sold goods to Aditi Enterprises Rs. 2100/-.

7) Received A cheque for Rs. 3000/- and cash Rs. 400/- from Anil Agencies.

8) Paid phone bill Rs. 540/-.

9) Sold goods for cash Rs. 4500/-.

10) Purchase A chair for the shop from K. K. Furniture Mart Rs. 1200/-.

11) Sold packing box garbage Rs. 350/-.

12-04

12) Deposit Rs. 5000/- in bank.

13) Paid the cheque to Asha agencies Rs. 21500/-.

14) Purchase goods worth Rs. 15000/- from Asha agencies.

15) Received Rs. 2100/- from Aditi agencies.

16) Sold goods for cash Rs. 3200/-.

20-04

17) Paid Rs. 1200/- to K. K. Furniture Mart.

18) Paid for Tea & Snakes Rs. 45/-.

19) Purchase stamp papers 75/-.

20) Sold goods for cash Rs. 2950/-.

Closing Stock:- 1,30,400/- (31-3)

Net loss/profit:

Trial balance:

Balance Sheet:-
Qu. 6: Abc Pvt Ltd.
Liabilities Amount Assets Amount
Capital 240000 Cash 78000
Loan 105670 Bank 22400
stock 153700
Furniture & Fixture 87000
Jeevan 3300
Rupa Agencies 1270
Total 345670 Total 345670

01-04

1) Paid News Papers Bill Rs.83/-.

2) Paid loan installment Rs. 3000/-.

3) Paid staff salary Rs. 2000/-.

4) Sold goods for cash Rs. 3400/-.

05-04

5) Received cheque of Rs. 3000/- from Jeevan discount allowed them of Rs. 300/-.

6) Sold goods to Kunika Enterprises Rs. 4530/-

7) Received cheque from Rupa Agencies Rs. 1270/-

8) Sold goods for cash Rs. 4300/-

9) Sales return from Kunika Enterprises of Rs. 1000/-

12-04
10) Purchase goods from Asha Agencies Rs. 17570/-
11) Paid transportation charges Rs. 300/-
12) Sold goods for cash Rs. 5400/-
13) Purchase return of Rs. 2000/- from Asha Agencies.
14) Drew A DD of Rs. 15000/- In favour of Asha Agencies. Bank commission Rs. 630/-
Payment made by bank A/c.
15) Discount received Rs. 570/- from Asha Agencies.
15-04
16) Deposited Rs. 10000/- In bank.
17) Sold goods for cash Rs. 4300/-
23-04
18) Borrowed Rs. 30000/- from Father amount received by cheque.
19) Purchase goods from Kunal Agencies worth Rs. 35000/- Payment made by cheque.
20) Sold goods for cash Rs. 21500/-
21) Received cash from Kunika Enterprises Rs. 3530/-
28-4
22) Sold goods worth Rs. 18000/- to Maruti Udyog payment made by cheque.
23) Deposited Rs. 900/- In bank.
24) Paid cheque worth Rs. 25000/- to Father.
25) Sold goods for cash Rs. 4600/-
26) Drew for personal use Rs. 3000/-
27) Sales return from Maruti Udyog of Rs. 3260/-

Closing Stock:- Rs.91200/- (28-04)

Net profit/Loss:-
Trial Balance:-

Balance Sheet:-
 INVENTORY
Que. 1: Gopal Anna Bhandar
Liabilities Amount Assets Amount
Capital 38000 Cash 18000
Bank 20000
Total 38000 Total 38000
Stock Group:- 1) Rice
2) Wheat
Unit – Q (Quintal)

Stock Item:- 1) Rice

a. HMT – 22 Q @1200/-
b. Dubraj – 16 Q @1620/-
c. Basmati – 7 Q @3450/-

2) Wheat

a) Bot – 17 Q @1890/-
b) Sharbati – 19 Q @1680/-
c) Lokman – 4 Q @1230/-
1/7 Sold 6 Q Bot, 12 Q HMT, 3 Q Basmati for cash.
15/8 Purchase 20 Q Basmati & 15 Q Lokman for cash.
20/9 Rs. 800/-, Paid for Transport.
21/10 Sold Lokman 3 Q and HMT 9 Q To Raj Anaj Bhandar.

23/11 Rs. 800/-, Paid for Packing.

28/11 Received A Cheque from Raj Anaj Bhandar of Old Bill.

29/12 Purchase Bot 10 Q, HMT 15 Q from A1 Grain Merchants.

30\01 Rs. 600 paid for Elc. Fitting.

15\02 Sold 10 Q sharbati & 10 Q Dubraj.

20\03 Old Bill of Date 29\12 paid to A1 Grain Merchants.

Net profit/Loss:- Trial Balance:- Balance Sheet:-

Qu : 2 : Padma Cloth Stores

Liabilities Amount Assets Amount

Capital 75000 Cash 25000
Mahendra Enterprises Bank 50000
Sonia Cloth Stores
Total 75000 Total 75000

Stock Groups-

Suiting Qty Rate

a) OCM 50M 420/-

b) Bombay Dying 120M 370/-

Sarees

a) Vipul 25 P 1050 Rs./P

b) Parag 30 P 290 Rs./P.

Dress Material

a) Praful 4P 460/P.

b) Garden 15 P 570/P

1. Cash sale 5p of Garden & 10p Parag.

2. Purchase 20p of Parag And 20m Bombay Dynig from Mahendra Enterprises.

3. Received Cheque from Sonia Cloth Stores Worth Rs. 230350/-.

4. Cash sale 12M O C M Bombay Dying 40m And Parag 1p P.

5. Cash sale praful 25p And Bombay Dying 15M.

6. Purchase Praful 10p And Bombay Dying 10m.

Net profit/Loss:-
Trial Balance:-
Balance Sheet:-
 Qu : 3 : Bhojwani trading co.
Liabilities Amount Assets Amount
Capital 128000 Cash 69000
Loan 26000 Bank 56000
Kunal and Com. 34000 Machinery 37000
Furniture 8300
Radhika 17700
Total 188000 Total 188000

Stock Groups :

1. Detergent Powder

2. Detergent Bar
Stock Item :
1. Detergent Power
i. Tide 56kg 78/-
ii. Rin 92kg 65/-
2. Detergent Bar
i. Rin Supreme 120p. 16/-
ii. Wheel 380p. 10/-
1) Rs. 9000 Received from Mothre As. Gift.

2) Paid Rs. 20000/- To Kunal & co.

3) Rs. 2500/- paid for Transportation.

4) Sold 60 pieces of Wheel Bar 40 Pieces of Rin Supreme And 10 kg Tide For Cash.

5) Received Rs. 17000/- From Radhika Provision with Full Settlement of Account.

6) Rs. 10000/- Paid to Kunal and Com. And Purchase goods 25kg Tide and Rin Shakti.

7) Electric Bill Rs. 2000/- Paid.

8) Old Furniture Rs. 1000/- Sold Out.

9) 120 P of Wheel Bar are Sold Out to Radhika Provision.

10) Purchase Wheel Bar 50p from Kunal and Com.

11) 50kg Rin Shakti and 50p of Wheel Bar sold for cash.
 Net profit/Loss:-
Trial Balance:-
Balance Sheet:-
Que 4: High Class Furniture
Liabilities Amount Assets Amount
Capital 320000 Cash 194000
Bank 96000
Machinery 30000
Total 320000 Total 320000

Stock group: Stock Item: Rate:

1) Wood – sqft 1) Wood – 82 sqft Rs. 320/-sqft

2) Sunmica – roll of 8 sqft 2) Sunmica – 6.4 roll Rs. 900/-sqft

3) SofaSet – pc. 3) Sofaset – 8 pc. Rs. 5000/-pc.

4) Table – pc. 4) Table – 7 pc. Rs. 1200/-pc.

1) Sold 2 Sofa set and 3 Tables for Cash.

2) Rs. 10000/-, Deposited in Bank.

3) 4 Roll of Sunmica purchase.

4) Process 18sqft Wood and 3.6roll of Sunmica used to make 4 Tables and 1 Sofa set.

5) Fevicol and Other Materials purchased of Rs. 1275/-.

6) 64sqft Wood and 4roll of Sunmica process to make 2 Sofa set and 2 Tables.

7) Garbage of Rs. 498/-, Sold out.

8) 2 Sofa set and 1 Table sold to Khan and com.

9) 16rolls of Sunmica and 50sqft Wood purchase from Ramlal and Com.

10) Received Rs. 11200/-, from Khan and com.

11) 3rolls of Sunmica and 12sqft Wood. Process make 2 Table.

12) Paid cheque to Ramlal and com.

Net profit/Loss:-
Trial Balance:-
Balance Sheet:-
Que 5: Mahaveer Book Depot.
Liabilities Amount Assets Amount
Capital 80000 Cash 42000
Loan 25000 Bank 42000
Harsh and Com. 23000 Furniture 19000
Palak and com. 25000
Total 128000 Total 128000

Stock Group:-

1) Copies

2) Pens

Units:-

1) Bundles

2) Boxes

Stock Item:-

1) Copies

a) Navneet 14 bundles Rs. 1400/- bundle

b) Sundaram 32 bundles Rs. 800/- bundle

2) Pens

a) Renold 34 boxes Rs. 380/- box

b) Cello 25 boxes Rs. 150/-box

1) Sold 3 Bundle of Navneet, 4 Box of Renold and 6 Bundle of Sundaram for Cash.

2) Rs. 25/-. Paid for Transportation.

3) Paid A cheque of Rs. 22300/-, to Harsh and com. With full settlement of account.

4) Received cash Rs. 19000/- from Palak Pvt Ltd.

5) Sold 16 Boxes of Cello and 10 Bundles of Sundaram for Cash.

6) Rs. 15000/-, deposited in Bank.

7) Purchase 10 Boxes of Cello and 10 Bundels of Sundaram from Harsh and com.
8) 5 Bundles of Navneet and 12 Bundles of Sundarm, sold for Cash.

9) Salary to Marketing Personal Rs. 1500/-.

10) Rs. 12000/-, given to Kantaprasad as Loan.

Net profit/Loss:-
Trial Balance:-
Balance Sheet:-
Que 6:- Hariom Rice Mill
Liabilities Amount Assets Amount
Capital 283200 Cash 58700
Bank 122000
Plant & Machinery 102500
Total 283200 Total 283200
Stock Group:- 1) Dhaan
2) Rice
3) Broken Rice
4) Rice Bran
Units: Quintal
Stock Item:-
1) Dhaan
a) DLuchai 60 Q Rs.700/-
b) DHMT 58.70 Q Rs. 650/-
2) Rice
a) RLuchai 70 Q Rs. 1250/-
b) RHMT 68 Q Rs. 1150/-
3) Broken Rice
a) BrLuchai 18 Q Rs. 850/-
b) BrHMT 10 Q Rs. 950/-
4) Rice Bran 16 Q Rs. 460/-
1) Processed 15 Q DLuchai, to Get 8 Q Rice, 2 Q BrLuchai and 1.5 Q Rice Bran.
2) Sold 20 Q RLuchai and 10 Q RHMT, for Cash.
3) Purchase 20 Q DHMT, for Cash.
4) Wages paid to Workers Rs. 790/-.
5) Processed 20 Q DHMT to get 15 Q RHMT, 2 Q BrHMT and 1.5 Q Rice Bran.
6) Sold 10 Q BrLuchai and 5 Q BrHMT.
7) Purchase DLuchai 15 Q, for Cash.
8) Telephone Bill Rs. 890/-.
9) Processed 25 Q DHMT to get 18 Q RHMT, 4 Q BrHMT and 3 Q Rice Bran.
10) Purchased 10 Q DHMT, for Cash.
11) Sold 5 Q Rice Bran, for Cash.
Net profit/Loss:-
Trial Balance:-
Balance Sheet:-
Que 7:- OM Cosmetics
Liabilities Amount Assets Amount
Capital 72000 Cash 45000
Loan 38000 Bank 29000
Machinery 36000
Total 110000 Total 110000
Stock Group:-
1) Face Cream
2) Moisture
Units:-
1) Box
2) Pieces (pc.)
3) Box of 10 Pieces
Stock Item:-
1) Face Cream
a) Fair and Lovely 22 box Rs. 650/-
b) Ponds 38 box Rs. 700/-
2) Moisture
a) Lakme 26 box Rs. 900/-
b) Ayur 20 box Rs. 450/-
Scheme
1) 1 piece of Ponds free on Purchase of 1 box.
2) 2 piece of Ayur free on Purchase of 2 box.

1) Sold 4 Boxes of Fair and Lovely, 4 Boxes of Ponds and 6 Boxes of Ayur for cash.
2) Purchase 10 box of Ayur from Uma Cosmetics.
3) Loan Installment Rs. 1400/- paid.
4) Sold 4 boxes of Lakme, 5 boxes of Ayur and 3 boxes of Ponds, to Dinesh General Stores.
5) Rs. 800/-, paid for shop rent.
6) Packing garbage sold for Rs. 368/-.
7) Sold Lakme 7 boxes, Fair and Lovely 6 boxes for cash.
8) Received cheque form Dinesh General Store of Old Bill.
9) Paid cash for old bill to Uma Cosmetics.
10) Purchase Lakme 10 box and Fair and Lovely 10 box for Cash.
Que 8:- Nilkamal Furniture
Liabilities Amount Assets Amount
Capital 150000 Cash 90000
Bank 40000
K. B. company 20000
Total 150000 Total 150000

Stock Group:-

1) Wood

2) Sunmica (Roll of 8 sqft)

3) Sofa set

4) Table

Units:-

1) Sqft

2) Roll

3) Roll of 8 sqft

4) Pieces

Stock Item:-

1) Wood

a) Teak 50 sqft 500/-

b) Other 60 sqft 300/-

2) Sunmica (Roll of 8 sqft)

a) Class 1 15.4 roll 650/-

b) Class 2 26 roll 490/-

3) Sofa set

a) Sdelux 15 pc. 10000/-

b) Smaharaja 20 pc. 22000/-

 4) Table

a) Tdelux 10 pc. 1200/-

b) Tmaharaja 15 pc. 1500/-

1) Sold A Maharaja Table and Sofa set for Cash.

2) Received rs. 19700/- from K. B. Company with full settlement of the account.
3) Purchase Wood Polish and Fevicol of Rs. 300/-.
4) Processed 7 sqft Teak wood, 4 sqft Other Wood and 2.6 roll Sunmica Class1 for making
Maharaja Sofa Set and 2 Delux Table.

5) Purchase Teak Wood 40 sqft, 6.3 roll of Class 1 Sunmica for cash.
6) Process 15 sqft Other Wood, 3 sqft Teak Wood and 3 roll of Class 2 Sunmica for making
6 Delux Table.

7) 1 Delux Sofa Set and 4 Delux Table sold for cash.

8) Purchase 20 sqft Other Wood and 4 roll of Class 2 Sunmica. For cash.
9) Process 10 sqft Other Wood, 12 sqft Teak Wood, 3 roll of Class 1 Sunmica and 2.8 roll
of Class 2 Sunmica for making 1 Maharaja Sofa Set and 1 Delux Sofa Set.

10) Paid electric bill of Rs. 750/-.

Net profit/Loss:-
Trial Balance:-
Balance Sheet:-