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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