The following are the balances extracted from the books of Mr. A. Mukhopadhyay. Prepare a Trial Balance as on 31st March, 2019:

₹ ₹

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 400

Discount Allowed 500 Drawings 8,000

Printing 5,000 Salaries 6,000

Sundry Debtors 70,000 Travelling Expenses 2,000

Input CGST A/c 2,500 Output CGST A/c 1,500

Input SGST A/c 2,500 Output SGST A/c 1,500

Input IGST A/c 4,000 Output IGST A/c 6,000

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Solution

Trial Balance

as on March 31, 2019

S.No.

List of Items

Debit Balances

Credit Balances

1
Cash
2,000

2
Capital

80,000

3
Purchases
85,000

4
Sales

1,08,400

5
Purchases Return

6,000

6
Sales Return
4,000

7
Transportation
1,800

8
Discount Allowed
500

9
Printing
5,000

10
Sundry Debtors
70,000

11
Input CGST A/c
2,500

12
Input SGST A/c
2,500

13
Input IGST A/c
4,000

14
Sundry Creditors

40,000

15
Investments
8,000

16
Plant & Machinery
15,000

17
Building
20,000

18
Furniture
6,000

19
Electricity
700

20
Postage
400

21
Drawings
8,000

22
Salaries
6,000

23
Travelling Expenses
2,000

24
Output CGST A/c

1,500

25
Output SGST A/c

1,500

26
Output IGST A/c

6,000

Total
2,43,400

2,43,400

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Similar questions

Q. The following are the balances extracted from the books of Mr. A. Mukhopadhyay. Prepare a Trial Balance as on 31st March, 2018:


	₹		₹
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	400
Discount Allowed	500	Drawings	8,000
Printing	5,000	Salaries	6,000
Sundry Debtors	70,000	Travelling Expenses	2,000
Input CGST A/c	2,500	Output CGST A/c	1,500
Input SGST A/c	2,500	Output SGST A/c	1,500
Input IGST A/c	4,000	Output IGST A/c	6,000

Q. From the following Ledger account balances extracted from the books of R.J. Gupta, prepare a Trial Balance as on 31st March, 2019:

	₹		₹
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, 2018)	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

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. 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. From the following information, prepare a Trial Balance of M/s. Prayag for the year ended 31st March, 2019:


	₹		₹
Capital Accounts	1,25,000	Sales	1,54,500
Furniture and Fittings	6,400	Bank (Cr. Balance)	28,500
Motor Car	62,500	Purchase Returns	1,250
Buildings	75,000	Commission (Cr.)	3,750
Total Debtors	38,000	Sales Return	2,000
Total Creditors	25,000	Advertisement	2,500
Bad Debts	1,250	Interest Account (Dr.)	1,180
Stock (1st April 2018)	34,600	Cash Balance	6,500
Purchases	54,750	Insurance and Taxes	12,500
Input IGST A/c	3,000	Salaries	40,820
Output CGST A/c	1,500	Output SGST A/c	1,500

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Trial Balance as on March 31, 2019
S.No.	List of Items	Debit Balances	Credit Balances
1	Cash	2,000
2	Capital		80,000
3	Purchases	85,000
4	Sales		1,08,400
5	Purchases Return		6,000
6	Sales Return	4,000
7	Transportation	1,800
8	Discount Allowed	500
9	Printing	5,000
10	Sundry Debtors	70,000
11	Input CGST A/c	2,500
12	Input SGST A/c	2,500
13	Input IGST A/c	4,000
14	Sundry Creditors		40,000
15	Investments	8,000
16	Plant & Machinery	15,000
17	Building	20,000
18	Furniture	6,000
19	Electricity	700
20	Postage	400
21	Drawings	8,000
22	Salaries	6,000
23	Travelling Expenses	2,000
24	Output CGST A/c		1,500
25	Output SGST A/c		1,500
26	Output IGST A/c		6,000
	Total	2,43,400	2,43,400