Trial balance and final account problems

55 Prepare trial balance as on December 31.2010

.
Particulars Amount in Rs
Sundry debtors 32,000
Stock(1.1.2006) 22,000
Cash in hand 35
Cash at bank 1,545
Plant and machinery 17,500
Sundry creditors 10,650
Trade expenses 1,075
Sales 2,34,500
Salaries 2,225
Carriage outwards 400
Rent 900
Bills payable 7,500
Purchase 2,18,870
Discount(Dr) 1,100
Capital 79,500
Business premises 34,500
56 Prepare a Trial Balance from the following Data for the year 2003.

Capital 4000 Returns outwards 2520

0
Freehold property 1080 Discount received 150
0
Returns inwards 1590 Office expenses 5100
Sales 8041 Bad debts 1310
0
Purchases 6735 Carriage outwards(sales exp) 1590
0
Depreciation on furniture 1200 Carriage inwards 1450
Insurance 3300 Salaries 4950
Opening stock 1436 Book debts 11070
0
Creditors for expenses 400 Cash at bank 2610
Creditors 4700

57 Prepare Trial Balance from the following information

PARTICULARS AMOUNT (Rs) PARTICULARS AMOUNT (Rs)

Opening stock 1,87,500 Purchases 2,71,875

Sales Returns 15,000 Furniture 52,500

Machinery 2,43,750 Carriage Outward 5,625

Wages 37,500 Sales 6,90,000

 Purchase Return 9,375 Carriage Inward 7,500

General Expenses 7,500 Salaries 7,500

Commission Received 1,875 Discount allowed 2,750

Bad Debts 1,000 Commission to 1,875

agent

Bank Charges 563 Interest Received 1,125

Rent Received 16,875 Investments 3,75,000

Insurance 3,750 Bank loan 5,01,938

58 Giriswar Prasad started business on 1st July, 2000 with a capital of Rs. 1,50,000. The
following is the Trial Balance as on 30th July, 2001. Prepare Trading and Profit and Loss
Account for the year ended 30th June, 2001.
Particular Amount Rs. Amount Rs
Capital 1,50,000
Purchases 2,00,000
Wags 12,000
Sales 3,00,000
Furniture 8,000
Travelling expenses 7,000
Salaries 9,000
Commission 3,000
Cash in hand 10,000
Cash in bank 34,000
Repairs 5,000
Building 1,60,000
Sales returns 5,000
Purchase returns 7,000
Debtors 45,000
Bill receivables 6,000
Bill payables 8,000
Telephone 5,200
Interest 480 4,680
Creditors 40,000
Total 5,09,680 5,09,680
On 30th June, 2003, the value of closing stock was Rs.50,000.

59 The following are the closing balances extracted from the books of Bhargav for the year
ending 31st December 2004 with the help of which prepare Trading Account, Profit and
Loss A/c and Balance Sheet.
Debit balances Rs. Credit Balances Rs.

Opening stock 6,050 Sales 13,720

Purchases 9,030 Purchases returns 130

Carriage 220 Capital 3,000

Drawings 450 Creditors 4,500

 Investments 3,800 Discounts 350
received

Debtors 2,500 Mortgage loan 4,000

Cash 1,350

Printing 1,200
charges

Wages 1,100

25,700 25,700

ADJUSTMENTS
(a) Closing stock was valued at Rs.16,000
(b) Wages outstanding by Rs.900
(c) Outstanding discounts receivable Rs.150
(d) Write off bad debts Rs. 500
(e) Prepaid printing charges Rs. 500.

60 On 31st March 2013 the following trial balance was extracted from the books of ABC
company.
Particulars Dr. (Amt) Particulars Cr. (Amt)

Drawings 40,000 Creditors 50,000

Plant 1,86,800 Sales 13,07,200

Purchases 9,40,000 Capital 4,90,000

Opening stock 3,24,000 Commission 26,400

Discount 11,000 Loan 1,57,600

General expenses 50,000 Bad debts provision 18,000

Debtors 1,25,600 Bank over draft 66,000

Donation 2,100 Bills payable 77,000

Wages 1,44,000

Taxes and insurance 26,300

Motor car 40,000

Cash in Hand 1,600

Buildings 2,20,000

Coal, power 44,800

Salaries 36,000

21,92,200 21,92,200
 You are asked to prepare the final accounts for the year ended 31 st March 2013 and the
Balance sheet as on that date. The following adjustments are required.

i) Closing stock of Rs.70,000

ii)Depreciation on plant at 10%
iii)
Prepaid salaries of Rs.6,000.
iv)Outstanding wages of Rs.2,000
61 On 31st March 2014 the following trial balance was extracted from the books of XYZ
company.
Particulars Dr. (Amt) Particulars Cr. (Amt)

Machinery 1,70,000 Sales 3,54,000

Purchases 1,10,000 Capital 1,00,000

Returns 2,000 Returns 2,500

Opening stock 70,000 Discount received 1,600

Discount 1700 Creditors 50,000

Bank Charges 150 Bad debts provision 1,050

Debtors 80,000 Bills payable 2,000

Salaries 13,600

Factory rent 20,000

Carriage I.W 2,500

Carriage O.W 3,400

Office Rent 20,000

Advertisements 4,000

Cash 1,800

Buildings 12,000

5,11,150 5,11,150

You are asked to prepare the final accounts for the year ended 31 st March 2014 and the
Balance sheet as on that date. The following adjustments are required.
i) Closing stock Rs.1,00,000
ii) Depreciation on machinery and buildings at 10%
iii) Bad Debts Provision to be Rs.1,000.

62 On 31st March 2010 the following trial balance was extracted from the books of A.
Particulars Dr. (Amt) Particulars Cr. (Amt)

Plant 1,60,000 Sales 3,54,000

 Purchases 1,20,000 Capital 1,00,000

Returns 2,000 Returns 1,500

Opening stock 60,000 Discount 1,600

Discount 700 Creditors 50,000

Bank Charges 150 Bad debts provision 1,050

Debtors 90,000

Salaries 13,600

Wages 20,000

Carriage I.W 1,500

Carriage O.W 2,400

Rent, Rates 20,000

Advertisements 4,000

Cash in Hand 1,800

Cash at Bank 12,000

508150 508150

You are asked to prepare the final accounts for the year ended 31 st March 2010 and the
Balance sheet as on that date. The following adjustments are required.
i) Closing stock Rs.70,000
ii) Depreciation of plant at 12%
iii) Bad Debts Provision to be Rs.1,000.