From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March, 2018:

₹ ₹

Capital 75,00,000 Building 7,50,000

Plant 15,00,000 Stock on 1st April, 2017 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

Purchases Return 50,000 Sundry Creditors 2,50,000

Interest Received 30,000 Sales 62,50,000

Repairing Charges 1,25,000 Book Debts 15,00,000

General Expenses 3,00,000 Rent 62,500

Wages 5,00,000 Purchases 48,00,000

Furnitures 1,20,000 Carriage and Freight 75,000

Sales Return 90,000 Delivery Van 5,00,000

Loan Advanced 6,00,000 Travelling Expenses 50,000

Office Salaries 6,25,000
Drawings

6,00,000

Open in App

Solution

Trial Balance

as on March 31, 2018

S.No.

List of Items

Debit Balances

Credit Balances

1
Capital

75,00,000

2
Plant
15,00,000

3
Cash in Hand
2,500

4
Commission Received

1,75,000

5
Discount (Dr.)
55,000

6
Purchases Return

50,000

7
Interest Received

30,000

8
Repairing Charges
1,25,000

9
General Expenses
3,00,000

10
Wages
5,00,000

11
Furnitures
1,20,000

12
Sales Return
90,000

13
Loan Advanced
6,00,000

14
Office Salaries
6,25,000

15
Building
7,50,000

16
Opening Stock
12,50,000

17
Cash at Bank
5,75,000

18
Rates, Taxes & Insurance
30,000

19
Discount (Cr.)

45,000

20
Sundry Creditors

2,50,000

21
Sales

62,50,000

22
Book Debts
15,00,000

23
Rent
62,500

24
Purchases
48,00,000

25
Carriage & Freight
75,000

26
Delivery Van
5,00,000

27
Travelling Expenses
50,000

28
Drawings
6,00,000

29
Suspense A/c
1,90,000

Total
1,43,00,000

1,43,00,000

Suggest Corrections

Similar questions

Q. Following balances were extracted from the ledger of Shri Govinda on 31st March 2012. Prepare Trial Balance as on 31st March 2012.

Q. Following are the Ledger Balances of Sri Paul on 31st March, 2018:


	₹		₹
Sundry Debtors (Dr.)	79,300	Interest on Loan	10,000
Sundry Creditors (Cr.)	1,36,500	Conveyance	200
Rent (Cr.)	6,300	Furniture	30,000
Miscellaneous Expenses	3,200	Commission	4,000
Plant and Machinery (Dr.)	7,98,750	Plant and Machinery (Cr.)	90,000
Creditors and Furniture	30,000	Sundry Debtors (Cr.)	20,800
Opening Stock	40,000	Drawings	15,000
Discount (Cr.)	9,900	Salaries and Wages	25,900
Sundry Creditors (Dr.)	36,500	Discount (Dr.)	5,500
Buildings (Dr.)	9,81,000	Capital	5,00,000
Rent	12,000	Purchases	3,13,450
Loan (Cr.)	10,00,000	Sales	5,61,300
Input IGST A/c	2,500	Input SGST A/c	1,000
Input CGST A/c	1,000	Output IGST A/c	4,500

You are required to prepare Trial Balance as on 31st March, 2018.

Q. From the following ledger balances, prepare a Trial balance of Shri Ramakant as on 31st March 2012.

Q. From the following ledger balances, prepare a Trial balance as on 31st March 2012 of Mr. Uday Singh.

Q. Following Trial Balance has been extracted from the books of Shri Sunder Lal on 31st March, 2018:

Particulars		Debit Balances (₹)	Credit Balances (₹)
Cash in Hand and at Bank	..............................................................	77,400	…
Capital	..............................................................	…	30,00,000
Drawings	..............................................................	1,26,000	...
Bills Receivable	..............................................................	37,200	…
Land and Building	..............................................................	6,51,600	…
Furniture	..............................................................	1,02,400	…
Wages	..............................................................	9,37,700	…
Discount Allowed	..............................................................	79,200	…
Discount Received	..............................................................	…	59,700
6% Loan	..............................................................	…	3,00,000
Bank Charges	..............................................................	2,100	…
Bad Debts	..............................................................	27,600	…
Sundry Debtors	..............................................................	13,15,500	…
Office Salaries	..............................................................	1,28,400	…
Purchases	..............................................................	39,81,600	…
Stock on 1^st April, 2017	..............................................................	12,04,500	…
Sales Return	..............................................................	37,500	…
Carriage Inwards	..............................................................	1,03,600	…
General Expenses	..............................................................	1,53,600	…
Plant and Machinery	..............................................................	4,32,800	…
Rent	..............................................................	72,600	…
Purchases Return	..............................................................	…	29,100
Sales	..............................................................	…	56,30,100
Insurance	..............................................................	14,100	…
Provision for Doubtful Debts	..............................................................	…	93,000
Sundry Creditors	..............................................................	…	3,73,500
Total		94,85,400	94,85,400

Closing Stock on 31st March, 2018 was ₹ 12,74,000. You are required to prepare Trading and Profit and Loss Account for the year ended 31^st March, 2018 and Balance Sheet as at that date after making the following adjustments:
(a) Depreciate Plant and Machinery @ 10% and Furniture @ 5%.
(b) Provision for Doubtful Debts to be maintained at ₹ 1,50,000.
(c) Insurance includes annual premium of ₹ 7,200 on a policy which will expire on 30^th September, 2018.
(d) Purchases include a computer costing ₹ 60,000 purchased on 1^st July, 2017 and is subject to depreciation @ 10% p.a.

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	₹		₹
Capital	75,00,000	Building	7,50,000
Plant	15,00,000	Stock on 1st April, 2017	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
Purchases Return	50,000	Sundry Creditors	2,50,000
Interest Received	30,000	Sales	62,50,000
Repairing Charges	1,25,000	Book Debts	15,00,000
General Expenses	3,00,000	Rent	62,500
Wages	5,00,000	Purchases	48,00,000
Furnitures	1,20,000	Carriage and Freight	75,000
Sales Return	90,000	Delivery Van	5,00,000
Loan Advanced	6,00,000	Travelling Expenses	50,000
Office Salaries	6,25,000	Drawings	6,00,000

Trial Balance as on March 31, 2018
S.No.	List of Items	Debit Balances	Credit Balances
1	Capital		75,00,000
2	Plant	15,00,000
3	Cash in Hand	2,500
4	Commission Received		1,75,000
5	Discount (Dr.)	55,000
6	Purchases Return		50,000
7	Interest Received		30,000
8	Repairing Charges	1,25,000
9	General Expenses	3,00,000
10	Wages	5,00,000
11	Furnitures	1,20,000
12	Sales Return	90,000
13	Loan Advanced	6,00,000
14	Office Salaries	6,25,000
15	Building	7,50,000
16	Opening Stock	12,50,000
17	Cash at Bank	5,75,000
18	Rates, Taxes & Insurance	30,000
19	Discount (Cr.)		45,000
20	Sundry Creditors		2,50,000
21	Sales		62,50,000
22	Book Debts	15,00,000
23	Rent	62,500
24	Purchases	48,00,000
25	Carriage & Freight	75,000
26	Delivery Van	5,00,000
27	Travelling Expenses	50,000
28	Drawings	6,00,000
29	Suspense A/c	1,90,000
	Total	1,43,00,000	1,43,00,000