Trial Balance - Problems and Solutions

Problem - 1

Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance
Oct 1st : Neel started business with a capital of 80,000
3rd : Bought goods from Karl on credit 20,000
4th : Sold goods to Tarl 25,000
5th : Cash purchases 25,000
7th : Cash sales 15,000
9th : Goods retuned to Karl 2,000
10th : Bought furniture for 15,000
11th : Cash paid to Karl 12,000
12th : Goods returned by Tarl 3,000
14th : Goods taken by Neel for personal use 3,000
15th : Cash received from Tarl 12,000
16th : Took loan from Parl 30,000
17th : Salary paid 5,000
18th : Bought stationery for 1,000
19th : Amount paid to Parl on loan account 18,000
20th : Interest received 4,000

Solution

Journal in the books of Mr. Neel
for the period from Oct 1st, _5 to Oct 20th, _5
Date V/R
No.
Particulars L/F Amount
(Dr)
Amount
(Cr)
Oct 1st Cash a/c
To Capital a/c
Dr


80,000
80,000
[Being the amount received from Mr. Neel, the proprietor as his capital contribution vide receipt no:___ dated:__]
3rd Goods/stock a/c
To Karl a/c
Dr


20,000
20,000
[Being the value of stock purchased from Mr.Karl on credit vide bill no:___ dated:__]
4th Tarl a/c
To Goods/stock a/c
Dr


25,000
25,000
[Being the value of stock sold to Mr.Tarl on credit vide bill no:___ dated:__]
5th Goods/stock a/c
To Cash a/c
Dr


25,000
25,000
[Being the value of stock purchased for cash vide bill no:___ dated:__]
7th Cash a/c
To Goods/stock a/c
Dr


15,000
15,000
[Being the value of stock sold for cash vide receipt no:___ dated:__]
9th Karl a/c
To Goods/stock a/c
Dr


2,000
2,000
[Being the value of stock returned to Mr.Karl vide bill no:___ dated:__]
10th Furniture a/c
To Cash a/c
Dr


15,000
15,000
[Being the value of furniture purchased for cash from M/s ___vide bill no:___ dated:__]
11th Karl a/c
To Cash a/c
Dr


12,000
12,000
[Being the amount paid to Mr. Karl vide voucher no:___ dated:__]
12th Goods/stock a/c
To Tarl a/c
Dr


3,000
3,000
[Being the value of stock returned by Mr.Tarl vide bill no:___ dated:__]
14th Drawings a/c
To Goods/stock a/c
Dr


3,000
3,000
[Being the amount of stock taken by Neel for Personal use vide bill no:___ dated:__]
15th Cash a/c
To Tarl a/c
Dr


12,000
12,000
[Being the amount received to Mr. Tarl vide voucher no:___ dated:__]
16th Cash a/c
To Loan from parl a/c
Dr


30,000
30,000
[Being the cash received from Mr. Parl as loan vide receipt no:___ dated:__]
17th Salaries a/c
To Cash a/c
Dr


5,000
5,000
[Being the amount paid for Salaries vide voucher no:___ dated:__]
18th Stationery a/c
To Cash a/c
Dr


1,000
1,000
[Being the value of Stationery purchased from M/s___ for cash vide bill no:___ dated:__]
19th Loan from parl a/c
To Cash a/c
Dr


18,000
18,000
[Being the amount paid to Mr. Parl for repayment of loan vide voucher no:___ dated:__]
20th Cash a/c
To Interest a/c
Dr


4,000
4,000
[Being the interest received in cash from M/s ____vide voucher no:___ dated:__]

General Ledger
[Books of Mr. Neel]

Cash a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
01/10/_5
07/10/_5
15/10/_5
16/10/_5
20/10/_5
To Capital a/c
To Goods/stock a/c
To Tarl a/c
To Loan from parl a/c
To Interest a/c




80,000
15,000
12,000
30,000
4,000
05/10/_5
10/10/_5
11/10/_5
17/10/_5
18/10/_5
19/10/_5
31/10/_5
By Goods/stock a/c
By Furniture a/c
By Karl a/c
By Salaries a/c
By Stationery a/c
By Loan from parl a/c
By Balance c/d






25,000
15,000
12,000
5,000
1,000
18,000
65,000
tl 1,41,000 tl 1,41,000
01/11/_5 To Balance b/d 65,000
Capital a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d 80,000 01/10/_5 By Cash a/c 80,000
tl 80,000 tl 80,000
01/11/_5 By Balance b/d 80,000
Goods/stock a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
03/10/_5
05/10/_5
12/10/_5
To Karl a/c
To Cash a/c
To Tarl a/c


20,000
25,000
3,000
04/10/_5
07/10/_5
09/10/_5
14/10/_5
31/10/_5
By Tarl a/c
By Cash a/c
By Karl a/c
By Drawings a/c
By Balance c/d




25,000
15,000
2,000
3,000
3,000
tl 48,000 tl 48,000
01/11/_5 To Balance b/d 3,000
Karl a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
09/10/_5
11/10/_5
31/10/_5
To Goods/stock a/c
To Cash a/c
To Balance c/d


2,000
12,000
6,000
03/10/_5 By Goods/stock a/c 20,000
tl 20,000 tl 20,000
01/11/_5 By Balance b/d 6,000
Tarl a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
04/10/_5 To Goods/stock a/c 25,000 12/10/_5
15/10/_5
31/10/_5
By Goods/stock a/c
By Cash a/c
By Balance c/d


3,000
12,000
10,000
tl 25,000 tl 25,000
01/11/_5 To Balance b/d 10,000
Furniture a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
10/10/_5 To Cash a/c 15,000 31/10/_5 By Balance c/d 15,000
tl 15,000 tl 15,000
01/11/_5 To Balance b/d 15,000
Drawings a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
14/10/_5 To Goods/stock a/c 3,000 31/10/_5 By Balance c/d 3,000
tl 3,000 tl 3,000
01/11/_5 To Balance b/d 3,000
Loan from parl a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
19/10/_5
31/10/_5
To Cash a/c
To Balance c/d

18,000
12,000
16/10/_5 By Cash a/c 30,000
tl 30,000 tl 30,000
01/11/_5 By Balance b/d 12,000
Salaries a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
17/10/_5 To Cash a/c 5,000 31/10/_5 By Balance c/d 5,000
tl 5,000 tl 5,000
01/11/_5 To Balance b/d 5,000
Stationery a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
18/10/_5 To Cash a/c 1,000 31/10/_5 By Balance c/d 1,000
tl 1,000 tl 1,000
01/11/_5 To Balance b/d 1,000
Interest a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
31/10/_5 To Balance c/d 4,000 20/10/_5 By Cash a/c 4,000
tl 4,000 tl 4,000
01/11/_5 By Balance b/d 4,000

Trial Balance
[Modern Method]

Trial Balance of Mr. Neel as on 31/10/_5
Particulars L/F Amount
(Dr)
Amount
(Cr)
Cash a/c
Capital a/c
Goods/stock a/c
Karl a/c
Tarl a/c
Furniture a/c
Drawings a/c
Loan from parl a/c
Salaries a/c
Stationery a/c
Interest a/c










65,000

3,000

10,000
15,000
3,000

5,000
1,000

80,000

6,000



12,000


4,000
Total 1,02,000 1,02,000

Problem - 2

Enter the following transactions in the Journal and post them into ledger and from the information obtained prepare a Trail Balance.

Nov 10th : Mrs. Roy started business with 60,000
11th : Bought furniture from Modern Furniture for 10,000
12th : Purchased goods for cash 15,000
13th : Purchased goods from B. Sen & Co for 30,000
14th : Opened a bank account by depositing 16,000
16th : Sold goods for cash 15,000
17th : Purchased stationery for 1000 from Bharat Stationery Mart
18th : Sold goods to Zahir Khan for 10,000
19th : Bought machinery for 6,000 and payment made by cheque
20th : Goods returned by Zahir Khan for 2,000
21st : Payment to B.Sen & Co by cheque 5,000
22nd : Withdrew from bank for personal use 3,000
23rd : Interest paid through cheque 2,000
24th : Withdrew from bank for office expenses 10,000
26th : Cheque received from Zahir Khan 5,000
27th : Paid electricity bill for 100
29th : Cash sales for 6,000
30th : Commission received by cheque 5,000

Solution

Journal in the books of Mrs. Roy
for the period from Nov 10th, _5 to Nov 30th, _5
Date V/R
No.
Particulars L/F Amount
(Dr)
Amount
(Cr)
Nov 10th Cash a/c
To Capital a/c
Dr


60,000
60,000
[Being the amount received from Mr. Roy, the proprietor as his capital contribution vide receipt no:___ dated:__]
11th Furniture a/c
To Modern Furniture a/c
Dr


10,000
10,000
[Being the furniture purchased for credit from M/S Modern Furniture vide bill no:___ dated:__]
12th Purchases a/c
To Cash a/c
Dr


15,000
15,000
[Being the value of goods purchased from M/s___ for cash vide bill no:___ dated:__]
13th Purchases a/c
To B.Sen & Co a/c
Dr


30,000
30,000
[Being the value of goods purchased for credit from M/S B.Sen & Co vide bill no:___ dated:__]
14th Bank a/c
To Cash a/c
Dr


16,000
16,000
[Being the cash deposited into bank while opening a bank a/c no:___ dated:__]
16th Bank a/c
To Sales a/c
Dr


15,000
15,000
[Being the value of goods sold for cash vide receipt no:___ dated:__]
17th Stationery a/c
To Bharat Stationery Mart a/c
Dr


1,000
1,000
[Being the value of stationery purchased on credit from M/S Bharat Stationery Mart vide bill no:___ dated:__]
18th Zahir Khan a/c
To Sales a/c
Dr


10,000
10,000
[Being the value of goods sold on credit vide invoice no:___ dated:__]
19th Machinery a/c
To Bank a/c
Dr


6,000
6,000
[Being the value of machinery bought and payment made by cheque no:___ dated:__]
20th Sales Returns a/c
To Zahir Khan a/c
Dr


2,000
2,000
[Being the value of goods returned by Zahir Khan vide return bill no:___ dated:__]
21st B. Sen & Co a/c
To Bank a/c
Dr


5,000
5,000
[Being payment made by cheque vide cheque no:___ dated:__]
22nd Drawings a/c
To Bank a/c
Dr


3,000
3,000
[Being the amount withdraw from bank for personal use vide cheque no:___ dated:__]
23rd Interest a/c
To Bank a/c
Dr


2,000
2,000
[Being the amount of interest paid vide cheque no:___ dated:__]
24th Office Expenses a/c
To Bank a/c
Dr


10,000
10,000
[Being the amount withdraw from bank for office expenses vide cheque no : ___ and voucher no:___ dated:__]
26th Bank a/c
To Zahir Khan a/c
Dr


5,000
5,000
[Being cheque received from Zahir khan vide voucher no:___ dated:__]
27th Electrical Bill a/c
To Cash a/c
Dr


100
100
[Being the amount paid towards electricity bill vide voucher no:___ dated:__]
29th Cash a/c
To Sales a/c
Dr


6,000
6,000
[Being the value of sales made for cash vide receipt no:___ dated:__]
30th Bank a/c
To Commision Received a/c
Dr


5,000
5,000
[Being the amount of commission received by cheque vide voucher no:___ dated:__]

General Ledger
[Books of Mrs. Roy]

Cash a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
10/11/_5
29/11/_5
To Capital a/c
To Sales a/c

60,000
6,000
12/11/_5
14/11/_5
27/11/_5
30/11/_5
By Purchases a/c
By Bank a/c
By Electrical Bill a/c
By Balance c/d



15,000
16,000
100
34,900
tl 66,000 tl 66,000
01/12/_5 To Balance b/d 34,900
Capital a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d 60,000 10/11/_5 By Cash a/c 60,000
tl 60,000 tl 60,000
01/12/_5 By Balance b/d 60,000
Furniture a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
11/11/_5 To Modern Furniture a/c 10,000 30/11/_5 By Balance c/d 10,000
tl 10,000 tl 10,000
01/12/_5 To Balance b/d 10,000
Modern Furniture a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d 10,000 11/11/_5 By Furniture a/c 10,000
tl 10,000 tl 10,000
01/12/_5 By Balance b/d 10,000
Purchases a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
12/11/_5
13/11/_5
To Cash a/c
To B.Sen & Co a/c

15,000
30,000
30/11/_5 By Balance c/d 45,000
tl 45,000 tl 45,000
01/12/_5 To Balance b/d 45,000
B.Sen & Co a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d 30,000 13/11/_5 By Purchases a/c 30,000
tl 30,000 tl 30,000
01/12/_5 By Balance b/d 30,000
Bank a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
14/11/_5
16/11/_5
26/11/_5
30/11/_5
To Cash a/c
To Sales a/c
To Zahir Khan a/c
To Commision Received a/c



16,000
15,000
5,000
5,000
19/11/_5
21/11/_5
22/11/_5
23/11/_5
24/11/_5
30/11/_5
By Machinery a/c
By B. Sen & Co a/c
By Drawings a/c
By Interest a/c
By Office Expenses a/c
By Balance c/d





6,000
5,000
3,000
2,000
10,000
15,000
tl 41,000 tl 41,000
01/12/_5 To Balance b/d 15,000
Sales a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d 31,000 16/11/_5
18/11/_5
29/11/_5
By Bank a/c
By Zahir Khan a/c
By Cash a/c


15,000
10,000
6,000
tl 31,000 tl 31,000
01/12/_5 By Balance b/d 31,000
Stationery a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
17/11/_5 To Bharat Stationery Mart a/c 1,000 30/11/_5 By Balance c/d 1,000
tl 1,000 tl 1,000
01/12/_5 To Balance b/d 1,000
Bharat Stationery Mart a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d 1,000 17/11/_5 By Stationery a/c 1,000
tl 1,000 tl 1,000
01/12/_5 By Balance b/d 1,000
Zahir Khan a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
18/11/_5 To Sales a/c 10,000 20/11/_5
26/11/_5
30/11/_5
By Sales Returns a/c
By Bank a/c
By Balance c/d


2,000
5,000
3,000
tl 10,000 tl 10,000
01/12/_5 To Balance b/d 3,000
Machinery a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
19/11/_5 To Bank a/c 6,000 30/11/_5 By Balance c/d 6,000
tl 6,000 tl 6,000
01/12/_5 To Balance b/d 6,000
Sales Returns a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
20/11/_5 To Zahir Khan a/c 2,000 30/11/_5 By Balance c/d 2,000
tl 2,000 tl 2,000
01/12/_5 To Balance b/d 2,000
B. Sen & Co a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
21/11/_5 To Bank a/c 5,000 30/11/_5 By Balance c/d 5,000
tl 5,000 tl 5,000
01/12/_5 To Balance b/d 5,000
Drawings a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
22/11/_5 To Bank a/c 3,000 30/11/_5 By Balance c/d 3,000
tl 3,000 tl 3,000
01/12/_5 To Balance b/d 3,000
Interest a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
23/11/_5 To Bank a/c 2,000 30/11/_5 By Balance c/d 2,000
tl 2,000 tl 2,000
01/12/_5 To Balance b/d 2,000
Office Expenses a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
24/11/_5 To Bank a/c 10,000 30/11/_5 By Balance c/d 10,000
tl 10,000 tl 10,000
01/12/_5 To Balance b/d 10,000
Electrical Bill a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
27/11/_5 To Cash a/c 100 30/11/_5 By Balance c/d 100
tl 100 tl 100
01/12/_5 To Balance b/d 100
Commision Received a/c
Dr Cr
Date Particulars J/F Amount Date Particulars J/F Amount
30/11/_5 To Balance c/d 5,000 30/11/_5 By Bank a/c 5,000
tl 5,000 tl 5,000
01/12/_5 By Balance b/d 5,000

Trial Balance
[Modern Method]

Trial Balance of Mrs. Roy as on 30/11/_5
Particulars L/F Amount
(Dr)
Amount
(Cr)
Cash a/c
Capital a/c
Furniture a/c
Modern Furniture a/c
Purchases a/c
B.Sen & Co a/c
Bank a/c
Sales a/c
Stationery a/c
Bharat Stationery Mart a/c
Zahir Khan a/c
Machinery a/c
Sales Returns a/c
B. Sen & Co a/c
Drawings a/c
Interest a/c
Office Expenses a/c
Electrical Bill a/c
Commision Received a/c


















34,900

10,000

45,000

15,000

1,000

3,000
6,000
2,000
5,000
3,000
2,000
10,000
100

60,000

10,000

30,000

31,000

1,000








5,000
Total 1,37,000 1,37,000