On 1st April, 2012, Mr. Ramesh Chopra commenced restaurant business with a capital Rs 10000, of which Rs. 2000 were paid into Punjab National Bank and Rs. 8000 were retained as cash. Prepare a trial balance as on 30th April, 2012:

2012

April 2 Purchased goods at auction for cash Rs 7300

April 3 Bough furniture and fitting for cash Rs 380.

April 4 Sold wine to Brown on credit Rs 70

April 5 Purchased goods from Lalit & Co. Rs 280.

April 8 Drew from bank cash for office Rs 250.

April 10 Paid Lalit & Co. in full settlement Rs 270.

April 17 Bought for cash with Rs 100.

April 24 Received cash from Brown Rs 65 and discount allowed Rs 5.

April 25 Bought from Kanwal Kishan goods Rs 150.

April 26 Sold goods to Morarji Desai Rs 36.

April 28 Cash sales to date Rs 1290.

April 29 Paid salary for the month by cheque Rs 50.

April 29 Paid rent for the month by cheque Rs 100.

April 29 Paid general trade expense Rs 80.

April 30 Paid cash into bank Rs 1000.

April 30 Returned goods to Kanwal Kishan Rs 50.

April 30 Received back goods from Morarji Desai Rs 16.

The answer given in the book is: Total of trial balance Rs 11556. There is no typing mistake at all.

 

Trial Balance

as at 30th April, 2012

S. No.

Names of Account

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1.

Capital A/c

 

0

10,000

2.

Punjab National Bank A/c

 

2,600

0

3.

Cash A/c

 

475

0

4.

Purchases A/c

 

7,830

0

5.

Furniture and Fittings

 

380

0

6.

Sales A/c

 

0

1,396

7.

Discount Received A/c

 

0

10

8.

Discount Allowed A/c

 

5

0

9.

Kanwal Kishan A/c

 

0

100

10.

Salary A/c

 

50

0

11.

Rent A/c

 

100

0

12.

Morarji Desai A/c

 

20

0

13.

Trade Expenses A/c

 

80

0

14.

Purchase Returns A/c

 

0

50

15.

Sales Returns A/c

 

16

0

 

 

 

11,556

11,556

 

 

Working Notes:

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 30

Balance c/d

 

10,000

April 1

Cash A/c

 

8,000

 

 

 

 

April 1

Punjab National Bank A/c

 

2,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

          

 

Punjab National Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 1

Capital A/c

 

2,000

April 8

Cash A/c

 

250

April 30

Cash A/c

 

1,000

April 29

Salary A/c

 

50

 

 

 

 

April 29

Rent A/c

 

100

 

 

 

 

April 30

Balance c/d

 

2,600

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

          

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 1

Capital A/c

 

8,000

April 2

Purchases A/c

 

7,300

April 8

Punjab National Bank A/c

 

250

April 3

Furniture & Fittings A/c

 

380

April 24

Brown’s A/c

 

65

April 10

Lalit & Co. A/c

 

270

April 28

Sales A/c

 

1,290

April 17

Purchases A/c

 

100

 

 

 

 

April 29

Trade Expenses A/c

 

80

 

 

 

 

April 30

Bank A/c

 

1,000

 

 

 

 

April 30

Balance c/d

 

475

 

 

 

9,605

 

 

 

9,605

 

 

 

 

 

 

 

 

          

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 2

Cash A/c

 

7,300

April 30

Balance c/d

 

7,830

April 5

Lalit & Co. A/c

 

280

 

 

 

 

April 17

Cash A/c

 

100

 

 

 

 

April 25

Kanwal Kishan A/c

 

150

 

 

 

 

 

 

 

7,830

 

 

 

7,830

 

 

 

 

 

 

 

 

          

 

Furniture & Fittings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 3

Cash A/c

 

380

April 30

Balance c/d

 

380

 

 

 

380

 

 

 

380

 

 

 

 

 

 

 

 

          

 

Brown’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 4

Sales A/c

 

70

April 24

Cash A/c

 

65

 

 

 

 

April 24

Discount Allowed A/c

 

5

 

 

 

70

 

 

 

70

 

 

 

 

 

 

 

 

          

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 30

Balance c/d

 

1,396

April 4

Brown’s A/c

 

70

 

 

 

 

April 26

Morarji Desai A/c

 

36

 

 

 

 

April 28

Cash A/c

 

1,290

 

 

 

1,396

 

 

 

1,396

 

 

 

 

 

 

 

 

          

 

Lalit & Co. Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 10

Cash A/c

 

270

April 5

Purchases A/c

 

280

April 10

Discount Received A/c

 

10

 

 

 

 

 

 

 

280

 

 

 

280

 

 

 

 

 

 

 

 

          

 

 

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 30

Balance c/d

 

10

April 10

Lalit & Co. A/c

 

10

 

 

 

10

 

 

 

10

 

 

 

 

 

 

 

 

          

 

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 24

Brown’s A/c

 

5

April 30

Balance c/d

 

5

 

 

 

5

 

 

 

5

 

 

 

 

 

 

 

 

          

 

Kanwal Kishan Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 30

Purchases Returns A/c

 

50

April 25

Purchases A/c

 

150

April 30

Balance c/d

 

100

 

 

 

 

 

 

 

150

 

 

 

150

 

 

 

 

 

 

 

 

          

 

Salary Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 29

Punjab National Bank A/c

 

50

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

          

 

Morarji Desai Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 26

Sales A/c

 

36

April 30

Sales Returns A/c

 

16

 

 

 

 

April 30

Balance c/d

 

20

 

 

 

36

 

 

 

36

 

 

 

 

 

 

 

 

          

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 29

Punjab National Bank A/c

 

100

April 30

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

          

 

Trade Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 29

Cash A/c

 

80

April 30

Balance c/d

 

80

 

 

 

80

 

 

 

80

 

 

 

 

 

 

 

 

          

 

Purchases Returns Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 30

Balance c/d

 

50

April 30

Kanwal Kishan A/c

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

          

 

Sales Returns Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2012

 

 

 

2012

 

 

 

April 30

Morarji Desai A/c

 

16

April 30

Balance c/d

 

16

 

 

 

16

 

 

 

16

 

 

 

 

 

 

 

 

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