TRAIL BALANCE AND FINAL ACCOUNT QUESTION (TALLY PART-2)
COMPANY - Mohon Pvt Ltd.
1. TRIAL BALANCE JOURNAL ENTRIES
QUESTIONS.
1. Started business with cash RS.25000
2. Purchase Rs.10000
3. Sales
Rs.5000
4. Purchase
goods from Mohan Rs.5000
5. Sold goods to sohan Rs.5000
6. Furniture purchase Rs.2000
7. Open a current A/c in uco Bank Rs.1000
8.Received cash from sohan Rs.2500
9. Withdraw cash for personal use Rs.1000
10. Paid to Mohan Rs.2000
11. Received commission Rs.500
12. Paid salary
Rs.1000
13. Sold goods for cash to Rohan Rs1000
14. Paid to Mohan Rs3000
Total Trial Balance
=36500
2.
TRIAL BALANCE
1. Started
business with cash Rs.10000
2. Deposited
into Bank
Rs.4000
3. Purchase
goods form Ram Rs.4000
4. Cash paid
to Chirag
Rs.500
5.Cash
sales
Rs.1000
6.Sold goods
to sohan Rs.2000
7.Received cash from Ganesh Rs.6000
8.Purchased
goods for cash
Rs.2000
9.Withdraw
cash from Bank
Rs.1000
10.Paid
Rent Rs.100
11.Paid
Salary
Rs.200
3.TRIAL
BALANCE
1.Started business
with cash Rs.
20000
2.He open a
current A/C in Bank Rs.5000
3.Purchased
goods on credit from Sakuni Rs.4000
4 Paid to
Sakuni in full settlement Rs.3900
5.Machinery purchase for cash Rs.2000
6.Goods sold
to Breacwell Rs.3000
7.Salary
paid Rs.700
8.Rent
Received Rs.300
9.Goods
purchase from srikant Rs.4000
10.Depriciation
on machinery Rs.1000
11. Intrest on capital @10% for a
month
12. Amount
received from Branwell Rs1000
4.TRIAL BALANCE
1.Started business with cash Rs.15000
2.Purchase goods from mithilesh Rs.2000
3.Sold
goods to suresh
Rs1800
4.Cash received from Jaidev
Rs3000
5.Cash given to Mithlesh
Rs.800
6.Purchase goods from Ramesh for Cash Rs.1200
7.Sold goods to Rajiv for Cash Rs.1000
8.Paid salary to Rakesh
in cash Rs.1600
9.Received commission in Cash Rs.600
10.Goods distributd as free sample Rs.500
5.TRIAL
BALANCE
1.Started business with cash
Rs.25000
2.Cash purchase from Rajkumar Rs.6000
3.sold goods on credit to Jairam Rs.10800
4.Sold goods to Baldev& co. Rs8000
5 .Purchase goods on credit from Variety store Rs.12900
6. Received cash from
Jairam Rs.10700
7.Furniture purchased Rs.800
8.Paid to variety store Rs.12750
.Received discount from them Rs.150
9.Cash sales
Rs.550
10.Goods returned by Baldev & co. Rs.540
11.Purchase
goods from Karmchand
Rs.6850
12.Return
goods to Karmchand Rs.250
13.Paid
salary
Rs.500
Total Trial
Balance =51350
1.FINAL ACCOUNTING QUESTION
Dr. Cr.
|
Opening stock Purchase Sales return Building Carriage on purchase Carriage on sales Drawing Rent General Expenses Depreciation Wages Bank balance Machinery Cash Sundary debtor Bill receivable Intrest Discount allowed Horse & carts Salary |
3000 5960 160 8000 560 800 1600 720 600 800 1040 1200 4000 400 4000 1000 360 40 600 960 35800 |
Capital Sundry creditor Return outward Commission Bills payable sale |
10500 3080 180 800 6000 15240 35800 |
Closing
stock =3940 Balance sheet =23140
Gross
profit =8640 Net profit =5160
2.FINAL ACCOUNTING QUESTION
Dr.
Cr.
|
Particulars Opening stock Purchase Sales return Salary/wages Carriage on purchase Carriage on sales Advertising Building Furniture Machinery/tools Legal expenses Sundry debtors LIC prem.self Cash at Bank Cash in hand Postal/stamp Income tax |
Amount 6400 128000 1200 25000 1200 1500 2400 50000 15000 20000 500 12000 800 25000 10000 150 1350 |
Particulars Capital Sales Creditor Commission Return
outward Apprentice
premium Loan Intrest |
Amoun 75000 175000 15000 20000 480 4400 10000 620 |
|
|
300500 |
|
300500 |
Closing stock
=Rs15000 Net profit =47800
Gross profit
=53680 Balance sheet
=147000
3.FINAL ACCOUNTING QUESTION
Dr.
Cr.
|
particulars B/R Purchase Salary Insurance Debtor Carriage Commission Intrest Return inword Bank Rent & taxes Furniture |
Amount 12500 2000 37500 3850 200 32500 1450 800 900 1300 5250 1500 1000 |
Particulars Sales Creditor B/p Return outword capital |
Amount 70000 20000 3150 500 100750 |
Closing stock 15000
Gross profit =32750
Net profit =25500
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