11. Prepare correct Trial Balance from the following Trial Balance in which there are. certain mistakes: Heads of Accounts Dr. (₹) Cr. (₹) Adjusted Purchases 1,50,000 Closing Stock 40,000 Total 3,50,000 3,50,000 T.S.Grewal/2024 Edition/Practical Problems/Q-11 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class … Read more
10. Redraft correctly the Trial Balance given below: Debit Balances ₹ Credit Balances ₹ Capital 8,000 Debtors 7,580 Total 27,460 27,460 T.S.Grewal/2024 Edition/Practical Problems/Q-10 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd. Answer : … Read more
9. Following Trial Balance is given but it is not correct. Prepare correct Trial Balance. Debit Balances ₹ Credit Balances ₹ Building 3,00,000 Capital 3,68,000 Machinery 85,000 Furniture 28,000 Returns Outward 13,000 Sales 5,20,000 Bad Debts 14,000 Debtors 3,00,000 Cash 2,000 Interest Received 13,000 Discount Received 15,000 Bank Overdraft 50,000 Creditors 2,50,000 Purchases 5,00,000 12,29,000 … Read more
8. From the following Ledger account balances extracted from the books of Shivan, prepare a Trial Balance as on 31lst March, 2024: ₹ ₹ Purchases 1,04,000 Drawings 7,950 Sundry Debtors 18,550 Sundry Creditors 8,300 Premises 62,000 Returns Inward 5,360 Sales 1,49,000 Furniture 15,600 Returns Outward 8,900 Cash in Hand 390 Discount Allowed 780 Capital 85,000 … Read more
7. From the following balances extracted from the Ledger of Nagrath, prepare Trial Balance as on 31st March, 2024: ₹ ₹ Capital 75,00,000 Building 7,50,000 Plant 15,00,000 Stock on 1st April, 2023 12,50,000 Cash in Hand 2,500 Cash at Bank 5,75,000 Commission Received 1,75,000 Rates, Taxes and Insurance 30,000 Discount (Dr.) 55,000 Discount (Cr) 45,000 … Read more
6. From the following information, prepare a Trial Balance of Gurman for the year ended 31st March, 2024: ₹ ₹ Capital Accounts 2,25,000 Sales 1,54,500 Furniture and Fittings 6,400 Bank (Cr. Balance) 28,500 Motor Car 62,500 Purchases Return 1,250 Buildings 1,75,000 Commission (Cr.) 3,750 Total Debtors 38,000 Sales Return 2,000 Total Creditors 25,000 Advertisement 2,500 … Read more
5. The following are the balances extracted from the books of Arvind. Prepare a Trial Balance as on 3lst March, 2024: ₹ ₹ Cash 2,000 Sundry Creditors 40,000 Capital 80,000 Investment 8,000 Purchases 85,000 Plant and machinery 15,000 Sales 1,08,400 Building 20,000 Purchases Return 6,000 Furniture 6,000 Sales Return 4,000 Electricity 700 Transportation 1,800 Postage … Read more
4. Prepare the Trial Balance of Mahesh as on 31lst March, 2024. He has omitted to open a Capital Account: ₹ ₹ Bank Overdraft 95,000 Purchases 4,45,000 Sales 8,10,000 Cash in Hand 8,500 Purchases Return 22,500 Creditors 2,15,000 Debtors 4,00,500 Sales Return 15,750 Wages 96,000 Equipment 25,000 Capital ? Opening Stock 3,00,500 T.S.Grewal/2024 Edition/Practical … Read more
3. Prepare a Trial Balance from the following items: ₹ ₹ Capital 3,40,000 Building 1,20,000 Opening Stock 85,000 Returns Inward 19,000 Furniture 1,26,000 Returns Outward 3,500 Purchases 89,500 Trade Expenses 10,000 Cash 73,000 Discount Received 9,700 Carriage 3,000 Salary 30,000 Sales 2,25,000 Office Rent 22,700 T.S.Grewal/2024 Edition/Practical Problems/Q-03 For full question, please refer to … Read more
2. Journalise the following transactions, post them into Ledger and prepare a Trial Balance: 2024 2024 April 1 Vijay commenced business with cash 1,00,000 April 20 Received cash from GopalDiscount Allowed 3,95050 April 3 Bought goods 5,000 April 25 Paid wages 700 April 4 Sold goods to Gopal 4,000 April 27 Paid to Ram in … Read more