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Account Give Answer As Asked .(4 Marks)

Trial Balance · Gujarat Board (GSEB) STD 11 Commerce (GSEB - English Medium). 10 questions.

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Give Answer As Asked .(4 Marks)

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10 questions · timed · auto-graded

Question 14 Marks
You are provided closing debit and credit balances of different accounts as at $31-3-19$ of Shri Chintan. Prepare trial balance from it.
Name of Account LF.No. Total of Debit side (₹) Total of Credit side (₹)
Capital A/c   - $1,55,000$
Drawing A/c   $12,600$ -
Purchase A/c   $21,890$ -
Sales A/c   - $90,400$
Debtor A/c (Suresh)   $10,500$ $8500$
Creditor A/c (Ramesh)   $7500$ $11,500$
Furniture A/c   $36,000$ -
Cash A/c   $6000$ -
Wages A/c   $4350$ -
Salary A/c   $5650$ -
Goods destroyed by fire A/c   - $6100$
Stationery A/c   $2500$ -
Discount received A/c   - $4500$
Purchase return A/c   - $1390$
Bad debt A/c   $1500$ -
Building A/c   $1,68,900$ -
Answer
self
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Question 24 Marks
The total of trial balance of Shri Krishnakant as at $31-3-19$ is not showing identical balances, ascertain mistakes and prepare revised trial balance.
Trial balance as at 31-3-19
Name of Account
(Debit balance)		 Amt. (₹) Name of Account
(Credit balance)		 Amt. (₹)
Capital $78,200$ Drawings $2000$
Stock of goods $21,300$ Carriage inward $540$
Sales $56,000$ Discount received $1050$
Goods returned debit $5600$ Bad debts reserve $1200$
Debtors $17,000$ Bad debts $500$
Wages $1600$ General reserve $1500$
Stationery expense $1400$ Goodwill $25,000$
Sales-return $2300$ Purchase $45,000$
Commission $4700$ Furniture $18,950$
Interest received $390$ Discount allowed $3650$
  1,88,490   99,390
Answer
self
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Question 34 Marks
The following is trial balance of Jaydev as at $31-3-19$. If any mistake exists correct it and prepare new trial balance.
Trial balance as at 31-3-19
Name of Account Amt. (₹) Name of Account Amt. (₹)
Capital $25,000$ Drawing $2500$
Building $3000$ Debtors $22,500$
Creditors $23,000$ Bills receivable $5000$
Sales return $350$ Purchase return $3000$
Commission received $2500$ Interest on bank overdraft $300$
Goods destroyed by fire $300$ Rent paid $2000$
Bills payable $2500$ Loss due to theft $350$
Bank loan $10,000$ Goodwill $31,000$
  66,650   66,650
Answer
self
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Question 44 Marks
From the given balances of accounts of Shri Kalpesh, prepare trial balance as at $31-3-19.$
Name of Account Amt. (₹) Name of Account Amt. (₹)
Capital $40,810$ General reserve $1000$
Stock of goods $4500$ Debtors $2610$
Purchase $12,500$ Creditors $1000$
Sales $17,500$ Building $35,000$
Goods returned debit $500$ Bad debts $250$
Goods returned credit $3570$ Wages - salary $120$
Bank balance $1230$ Rent paid $100$
Tax Insurance $610$ Advertisment expense $320$
Answer
self
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Question 54 Marks
The following balances are available for the year ending on $31-3-2019$ from the books of Shri Samir. Prepare trial balance.
Name of Account Amt. (₹) Name of Account Amt. (₹)
Carriage outward $1750$ Motor car $25,100$
Drawings $3250$ Sales $15,000$
Interest on bank loan $1000$ Tax - Insurance $6900$
Discount received $650$ Furniture - Fixtures $20,100$
Sales return $750$ Cash on hand $3900$
Capital $50,600$ $10 \%$ bank loan $10,000$
Purchase $11,350$ Insurance premium $2150$
Answer
self
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Question 64 Marks
Prepare trial balance as at $31-3-19$ from the following balances of Shri Jay Kishan Stores.
Name of Account Amt. (₹) Name of Account Amt. (₹)
Opening stock $15,000$ Interest on investment Sales (Received) $2500$
Sales $15,600$ Loss due fire $800$
Bank commission $1000$ Creditors $2000$
Bad debts return $1500$ Bills payable $2500$
Loan to Rakesh $5000$ Debtors $3000$
Discount received $1500$ Goods withdrawn for personal use $3500$
Demurrage $500$ Purchase $10,000$
Bank overdraft $6500$ Weighing $300$
Answer
self
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Question 74 Marks
The following balance are extracted from the books of Shri Anil. From them prepare trial balance as at $31-3-2019.$
Name of Account Amt. (₹) Name of Account Amt. (₹)
Capital account $50,000$ Goods withdrawn for personal use $150$
Purchase $22,650$ Plant-Machines $24,500$
Creditors $3000$ Outstanding wages $200$
Brokerage received $250$ Advertisement expense $5000$
Sales $25,000$ Goods destroyed by fire $200$
Purchase return $350$ Royalty $1500$
Goodwill $10,000$ Carriage outward $350$
Sales return $5500$ Provident fund $3500$
Stationery expense $2150$ Salary $3000$
Building depreciation $1500$ Cash and bank balance $2500$
Sundry expense $2000$ Rent and taxes $2000$
Answer
self
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Question 84 Marks
From the following details prepare trial balance of Suman traders as at $31-3-2019.$
Name of Account Amt. (₹) Name of Account Amt. (₹)
Drawings $30,000$ Purchase $1,25,150$
Bills payable $2750$ Bank of Baroda loan $30,000$
Opening stock $21,200$ Building $5,25,000$
Bank overdraft $8250$ Cash balance $8250$
Insurance premium $1800$ Capital $1,95,000$
Rent $3500$ Contribution to provident fund $3750$
Goods given to donation $5000$ Provident fund $35,000$
Sundry expense $3850$ Donation expense $6930$
Sales $4,20,000$ Purchase return $19,500$
Bad debts reserve $5500$ Goods withdrawn for personal use $10,500$
Bad debts $1900$ Commission $2170$
Brokerage received $500$ Interest received $4500$
Creditors $4500$ Trade expense $7500$
Answer
self
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Question 94 Marks
From the following information prepare trial balance of Shri Manthan as at $31-3-19.$
Name of Account Amt. (₹) Name of Account Amt. (₹)
Stationery expense $1750$ General reserve $2450$
Creditors $2500$ Goodwill $10,200$
Carriage $1350$ Telephone expense $700$
Repairing $5900$ Outstanding wages $2000$
Goods destroyed by fire $5500$ Opening stock $3750$
Interest received $1550$ Bad debts return $3500$
Royalty $3100$ Rent payable $1000$
Provident fund $9500$ Bank balance $1250$
Answer
self
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Question 104 Marks
From the following information prepare trial balance of Rajani Traders as at $31-3-19.$
Name of Account Amt. (₹) Name of Account Amt. (₹)
Capital $50,000$ Purchase $30,000$
Drawings $3500$ Rent received $2000$
Dividend $6500$ Sale of old news papers $1500$
Wages $1500$ Electricity expense $3000$
Purchase return $3000$ Bank-loan $5000$
Discount received $1000$ Building $20,000$
Debtors $6500$ Discount allowed $1850$
Salary $5150$ Bills payable $2500$
Answer
self
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