From the following Ledger account balances extracted from the books of R.J. Gupta, prepare a Trial Balance as on 31st March, 2018:

₹

₹

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

Rates and Taxes
780
Capital
85,000

Cash at Bank
1,560
Factory wages
5,830

Carriage Inwards
650
Carriage Outwards
260

Salaries
3,900
Rent Received
2,990

Stock (1^st April, 2017)
25,000
Insurance
2,100

Input IGST A/c
5,000
Bad Debts
260

Input CGST A/c
2,500
Output IGST A/c
10,000

Input SGST A/c
2,500

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Solution

Trial Balance
as on March 31, 2018

S. No.

Particulars

L.F.

Debit

Balance

(Rs in 000')

Credit

Balance

(Rs in 000')

(i)

Purchases

1,04,000

(ii)

Sundry Debtors

18,550

(iii)

Premises

62,000

(iv)

Sales

1,49,000

(v)

Return Outwards

8,900

(vi)

Rates and Taxes

780

(vii)

Cash at Bank

1,560

(viii)

Carriage Inwards

650

(ix)

Salaries

3,900

(x)

Stock (1st April, 2014)

25,000

(xi)

Drawings

7,950

(xii)

Sundry Creditors

8,300

(xiii)

Return Inwards

5,360

(xiv)

Furniture

15,600

(xv)

Cash in hand

390

(xvi

Capital

85,000

(xvii)

Factory Wages

5,830

(xviii)

Carriage Outwards

260

(xix)

Rent Received

2,990

(xx)

Insurance

2,100

(xxi)
(xxii)
(xxiii)
(xxiv)
(xxv)

Bad Debts
Input IGST A/c
Input CGST A/c
Input SGST A/c
Output IGST A/c

260
5,000
2,500
2,500

10,000

2,64,190

2,64,190

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Similar questions

Q. Prepare a Trial Balance from the following balances as at 31st March 2017 :−

	(₹)		(₹)
Stock on 1-4-2016	28,800	Returns Inwards	7,500
Purchases	82,000	Returns Outwards	5,600
Sales	1,60,000	Carriage Inwards	1,640
Wages	16,160	Carriage Outwards	3,200
Salaries	6,400	Furniture	12,000
Repair Charges	500	Motor Car	80,000
Commission Received	800	Cash in Hand	4,700
Sundry Debtors	24,200	Bank Overdraft	25,400
Sundry Creditors	7,300	Investments	20,000
Capital	90,000	Interest on Investments	2,400
Drawings	4,400

Q. Following is the Trial Balance of Mr. S. Kapur on 31st March, 2018:


Particulars	Dr. (₹)	Cr. (₹)
Cash in Hand	10,800
Cash at Bank	2,32,600
Purchases	8,13,500
Sales		19,75,600
Returns Inward	13,600
Returns Outward		10,000
Wages	2,09,600
Fuel and Power	94,600
Carriage Outwards	64,000
Carriage on Purchases	40,800
Stock on 1st April, 2017	1,15,200
Building	6,00,000
Computer	2,00,000
Machinery	4,00,000
Salaries	3,00,000
Patents	1,50,000
Advertisement Expenses	60,000
Insurance	12,000
Capital		16,00,000
Drawings	1,04,900
Sundry Debtors	2,90,000
Sundry Creditors		1,31,000
Input CGST	7,500
Input SGST	7,500
Output IGST		10,000
Total	37,26,600	37,26,600

Taking into account the following adjustments, prepare Trading and Profit and Loss Account and Balance Sheet:
(a) Stock in Hand on 31st March, 2018 is ₹1,36,000.
(b) Machinery is to be depreciated @ 10% and patents @ 20%.
(c) Salaries for the month of March, 2018 amounting to ₹30,000 were unpaid.
(d) Insurance includes a premium of ₹1,700 for the year ending 31st March, 2019.
(e) Wages include a sum of ₹40,000 spent on constructing a scooter shed for employees and customers.
(f) Provision for Doubtful Debts is to be created to the extent of 5% on Sundry Debtors.

Q. Following is the Trial Balance as on 31st March, 2018. Prepare Trading and Profit and Loss Account and Balance Sheet:


Particulars	Dr. (₹)	Cr. (₹)
Stock on 1st April, 2017	8,000
Sales		2,20,000
Purchases	1,26,000
Productive Wages	56,500
Salaries	16,000
Stores Consumed	6,050
Carriage	3,050
Rent	5,200
Insurance	1,320
Machinery	52,000
Building	67,000
Capital Less Drawings		1,45,600
Sundry Debtors	44,000
Sundry Creditors		20,000
Secured Loan		16,000
Furniture	3,350
General Expenses	2,600
Cash in Hand	1,930
Bad Debts	1,020
Bank	6,580
Input CGST	3,000
Input SGST	3,000
Output CGST		2,500
Output SGST		2,500
Total	4,06,600	4,06,600

Stock on 31st March, 2018, ₹20,600.
You are to make adjustments in respect of the following:
(a) Depreciate Machinery at 10% p.a.
(b) Make a provision @ 5% for Doubtful Debts.
(c) Provide discount on debtors @ $2 \frac{1}{2}$ %.
(d) Rent includes Rent deposit of ₹400.
(e) Insurance Prepaid ₹120.

Q. Following is the Trial Balance as on 31st March, 2019. Prepare Trading and Profit and Loss Account and Balance Sheet:


Particulars	Dr. (₹)	Cr. (₹)
Stock on 1st April, 2018	8,000
Sales		2,20,000
Purchases	1,26,000
Productive Wages	56,500
Salaries	16,000
Stores Consumed	6,050
Carriage	3,050
Rent	5,200
Insurance	1,320
Machinery	52,000
Building	67,000
Capital Less Drawings		1,45,600
Sundry Debtors	44,000
Sundry Creditors		20,000
Secured Loan		16,000
Furniture	3,350
General Expenses	2,600
Cash in Hand	1,930
Bad Debts	1,020
Bank	6,580
Input CGST	3,000
Input SGST	3,000
Output CGST		2,500
Output SGST		2,500
Total	4,06,600	4,06,600

Stock on 31st March, 2019, ₹ 20,600.
You are to make adjustments in respect of the following:
(a) Depreciate Machinery at 10% p.a.
(b) Make a provision @ 5% for Doubtful Debts.
(c) Provide discount on debtors @

2 \frac{1}{2}

%.
(d) Rent includes Rent deposit of ₹ 400.
(e) Insurance Prepaid ₹ 120.

Q. From the following balances, as on 31st March, 2018, prepare Trading and Profit and Loss Account and Balance Sheet:

	₹		₹
Capital Account	1,00,000	Returns Outward	5,000
Plant and Machinery	40,000	Rent	4,000
Sundry Debtors	24,000	Sales	1,64,000
Sundry Creditors	12,000	Manufacturing Expenses	8,000
Life Insurance Premium	12,000	Trade Expenses	7,000
Purchases	1,05,000	Bad Debts	2,000
Wages	50,000	Carriage	1,500
Bank	10,000	Bills Payable	7,000
Repairs	500	Returns Inward	4,000
Stock (1st April, 2017)	20,000

Closing Stock on 31st March, 2018 was valued at ₹ 14,500.

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	₹		₹
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
Rates and Taxes	780	Capital	85,000
Cash at Bank	1,560	Factory wages	5,830
Carriage Inwards	650	Carriage Outwards	260
Salaries	3,900	Rent Received	2,990
Stock (1^st April, 2017)	25,000	Insurance	2,100
Input IGST A/c	5,000	Bad Debts	260
Input CGST A/c	2,500	Output IGST A/c	10,000
Input SGST A/c	2,500

Trial Balance as on March 31, 2018
S. No.	Particulars	L.F.	Debit Balance (Rs in 000')	Credit Balance (Rs in 000')
(i)	Purchases		1,04,000
(ii)	Sundry Debtors		18,550
(iii)	Premises		62,000
(iv)	Sales			1,49,000
(v)	Return Outwards			8,900
(vi)	Rates and Taxes		780
(vii)	Cash at Bank		1,560
(viii)	Carriage Inwards		650
(ix)	Salaries		3,900
(x)	Stock (1st April, 2014)		25,000
(xi)	Drawings		7,950
(xii)	Sundry Creditors			8,300
(xiii)	Return Inwards		5,360
(xiv)	Furniture		15,600
(xv)	Cash in hand		390
(xvi	Capital			85,000
(xvii)	Factory Wages		5,830
(xviii)	Carriage Outwards		260
(xix)	Rent Received			2,990
(xx)	Insurance		2,100
(xxi) (xxii) (xxiii) (xxiv) (xxv)	Bad Debts Input IGST A/c Input CGST A/c Input SGST A/c Output IGST A/c		260 5,000 2,500 2,500	10,000
			2,64,190	2,64,190