Accountancy Dk Goel 2019 for Class 11 Commerce Accountancy Chapter 8 - Trial Balance And Errors

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Page No 14.25:

Question 1:

Given below is a Cash Book and Ledger extracts relating to the books of M/s Ram Chander & Sons as at 31st January 2015. You are required to prepare a Trial Balance.

**CASH BOOK**
Dr.					Cr.
Date	Particulars	L.F.	Cash	Bank		Date	Particulars	L.F.	Cash	Bank
2015			₹	₹		2015			₹	₹
Jan. 1	To Capital A/c		5,00,000			Jan. 2	By Bank A/c	C	4,30,000
Jan. 2	To Cash A/c	C		4,30,000		Jan. 3	By Purchases A/c			42,000
Jan. 10	To Sales A/c		36,000
Jan. 12	To Sales A/c			20,000		Jan. 20	By Mukesh			5,52,000
						Jan. 27	By Rent A/c		8,000
Jan. 15	To Navdeep			4,70,000
Jan.18	To Onkareshwar			2,65,000
			5,36,000	11,85,000					4,38,000	5,94,000
						Jan. 31	By Balance c/d		98,000	5,91,000
			5,36,000	11,85,000					5,36,000	11,85,000

Feb. 1	To Balance b/d		98,000	5,91,000

**CAPITAL ACCOUNT**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015			₹	2015			₹
Jan. 31	To Balance c/d		5,00,000	Jan. 1	By Cash A/c		5,00,000

				Feb.1	By Balance b/d		5,00,000

**PURCHASES ACCOUNT**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015			₹				₹
Jan. 3	To Bank A/c		42,000
Jan. 31	To Sundries as per Purchase Book		6,40,000

**PURCHASES RETURN ACCOUNT**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
			₹	2015			₹
				Jan. 31	By Sundries as per Purchase Return Book		10,000

**SALES ACCOUNT**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
			₹	2015			₹
				Jan. 10	By Cash A/c		36,000
				Jan. 12	By Bank A/c		20,000
				Jan. 31	By Sundries as per Sales Book		9,25,000

**SALES RETURN ACCOUNT**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015			₹				₹
Jan. 31	To Sundries as per
	Sales Return
	Book		15,000

**MUKESH**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015			₹	2015			₹
Jan. 7	To Purchase Return A/c		10,000	Jan. 6	By Purchases A/c		6,40,000
Jan. 20	To Bank A/c		5,52,000
Jan. 31	To Balance c/d		78,000
			6,40,000				6,40,000

				Feb. 1	By Balance b/d		78,000

**NAVDEEP**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015			₹	2015			₹
Jan. 13	To Sales A/c		6,00,000	Jan. 15	By Bank A/c		4,70,000
				Jan. 31	By Balance c/d		1,30,000
			6,00,000				6,00,000

Feb. 1	To Balance b/d		1,30,000

**ONKARESHVAR**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015			₹				₹
Jan. 14	To Sales A/c		3,25,000	Jan. 15	By Sales Return A/c		15,000
				Jan. 18	By Bank A/c		2,65,000
				Jan. 31	By Balance c/d		45,000
			3,25,000				3,25,000

Feb. 1	To Balance b/d		45,000

**RENT ACCOUNT**
Dr.							Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015			₹				₹
Jan. 27	To Cash A/c		8,000

Answer:

Books of M/s Ram Chander & Sons Trial Balance as on January 31, 2015
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Cash		98,000
Bank		5,91,000
Capital			5,00,000
Purchases		6,82,000
Purchases Return			10,000
Sales			9,81,000
Sales Return		15,000
Mukesh			78,000
Navdeep		1,30,000
Onkareshvar		45,000
Rent		8,000

Total		15,69,000	15,69,000

Page No 14.27:

Question 2:

From the following balances, taken from the books of M/s Dwarka Parshad & Sons as at 31st March 2017, prepare a Trial Balance in proper form :−

Name of Accounts	(₹)	Name of Accounts	(₹)
Cash in Hand	4,500	Machinery	24,000
Bank Overdraft	8,000	Land & Buildings	50,000
Opening Stock	20,000	Debtors	18,400
Purchases	80,000	Creditors	8,500
Purchases Returns	2,000	Bills Receivable	2,850
Sales	1,30,000	Bills Payable	1,650
Sales Returns	5,000	Capital	60,000
Travelling Expenses	1,800	Drawings	6,000
Discount Allowed	600	Rent	3,700
Discount Received	1,500	Salaries	3,600
		Loan (Cr.)	10,000
		Interest on Loan	1,200

Answer:

Books of Sh. Dwarka Prashad Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Cash in Hand		4,500
Overdraft			8,000
Opening Stock		20,000
Purchases		80,000
Purchases Return			2,000
Sales			1,30,000
Sales Return		5,000
Travelling Expenses		1,800
Discount Allowed		600
Discount Received			1,500
Machinery		24,000
Land & Building		50,000
Debtors		18,400
Creditors			8,500
Bills Receivable		2,850
Bills Payable			1,650
Capital			60,000
Drawings		6,000
Rent		3,700
Salary		3,600
Loan			10,000
Interest on Loan		1,200	–
Total		2,21,650	2,21,650

Page No 14.27:

Question 3(A):

Prepare a Trial Balance from the following balances as at 31st March 2017 :−

	(₹)		(₹)
Stock on 1-4-2016	28,800	Returns Inwards	7,500
Purchases	82,000	Returns Outwards	5,600
Sales	1,60,000	Carriage Inwards	1,640
Wages	16,160	Carriage Outwards	3,200
Salaries	6,400	Furniture	12,000
Repair Charges	500	Motor Car	80,000
Commission Received	800	Cash in Hand	4,700
Sundry Debtors	24,200	Bank Overdraft	25,400
Sundry Creditors	7,300	Investments	20,000
Capital	90,000	Interest on Investments	2,400
Drawings	4,400

Answer:

Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Stock		28,800
Purchases		82,000
Sales			1,60,000
Salary		6,400
Repair Charges		500
Wages		16,160
Commission Received			800
Sundry Debtors		24,200
Sundry Creditors			7,300
Capital			90,000
Drawings		4,400
Return Inwards		7,520
Return Outwards			5,600
Carriage Inwards		1,640
Carriage Outwards		3,200
Furniture		12,000
Motor Car		80,000
Cash In Hand		4,700
Bank Overdraft			25,400
Investment		20,000
Interest on Investment			2,400
Total		2,91,500	2,91,500

Page No 14.28:

Question 3(B):

Prepare a Trial Balance from the following balances taken as at 31st March 2017 :−

	(₹)		(₹)
Capital	2,50,000	Purchases	2,15,300
Drawings	24,000	Sales	3,80,000
Debtors	57,000	Miscellaneous Expenses	8,200
Creditors	28,500	Miscellaneous Receipts	3,600
Land & Building	1,80,000	Bad Debts	7,100
Plant	1,20,000	Bills Receivable	5,000
Stock on 1-4-2016	22,800	Loan from X	20,000
Factory Expenses	16,600	Interest on X's Loan	3,000
Office Expenses	7,700	Cash in hand	8,400
Purchases Return	6,000	Goodwill	10,000
Stationery	500
Freight	2,500

Answer:

Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Capital			2,50,000
Drawings		24,000
Debtors		57,000
Creditors			28,500
Land & Building		1,80,000
Plant		1,20,000
Stock on 1-4-2007		22,800
Factory Expenses		16,600
Office Expenses		7,700
Purchases Return			6,000
Stationery		500
Freight		2,500
Purchases		2,15,300
Sales			3,80,000
Miscellaneous Expenses		8,200
Miscellaneous Receipts			3,600
Bad Debts		7,100
Bills Receivable		5,000
Loan from X			20,000
Interest on X’s Loan		3,000
Cash		8,400
Goodwill		10,000
Total		6,88,100	6,88,100

Page No 14.28:

Question 4:

Following balances were extracted from the books of Ravinder Associates as at 31st March, 2017 :

	(₹)		(₹)
Sundry Debtors	4,10,000	Stock (April 1, 2016)	2,30,000
Sundry Creditors	80,000	Premises	12,00,000
Rent and Taxes	48,000	Fixtures & Fittings	3,10,000
Purchases	34,00,000	Bad Debts written off	8,000
Sales	56,00,000	Rent received from sub-let of part of premises	30,000
Trade Expenses	12,000	Loan from Mukul	1,50,000
Returns Outwards	80,000	Interest on Mukul's Loan	15,000
Returns Inwards	1,20,000	Drawings	40,000
Expenses	4,000	Cash in hand	75,000
Motor Vehicles	6,50,000	Stock on 31st March, 2017
Electricity	25,000	(not adjusted)	3,80,000

You are required to prepare the trial balance treating the difference as his capital.

Answer:

Books of Ravinder Associates Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Sundry Debtors		4,10,000
Sundry Creditors			80,000
Rent & Taxes		48,000
Purchases		34,00,000
Sales			56,00,000
Trade Expenses		12,000
Return Outwards			80,000
Return Inwards		1,20,000
Expenses		4,000
Motor Vehicles		6,50,000
Electricity		25,000
Opening Stock (on April 01, 2004)		2,30,000
Premises		12,00,000
Fixture & Fittings		3,10,000
Bad Debts written off		8,000
Loan from Mukul			1,50,000
Interest on Mukul’s Loan		15,000
Drawings		40,000
Cash in Hand		75,000
Rent received from Sub-let of part of Premises			30,000
Capital (Balancing Figure)			6,07,000
Total		65,47,000	65,47,000

Note: Closing Stock of Rs 3,80,000 will not appear in Trial Balance, because it has not been accounted yet.

Page No 14.28:

Question 5:

The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form :−

Name of Accounts	Balance Dr.	Balance Cr.
	₹	₹
Land and Building	1,20,000
Plant and Machinery	92,000
Wages	18,200
Discount Allowed		1,620
Discount Received	730
Purchases	1,26,000
Sales		2,40,000
Return Inwards		6,500
Return Outwards	3,370
Opening Stock	15,000
Debtors	30,000
Creditors		20,000
Carriage on Sales		3,280
Carriage on Purchase	2,800
Insurance	1,500
General Expenses	6,100
Cash in Hand	2,400
Bank Overdraft	12,100
Capital		1,54,000
Drawings		4,800
Total	4,30,200	4,30,200

Answer:

Trial Balance
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Land & Building		1,20,000
Plant & Machinery		92,000
Wages		18,200
Discount Allowed		1,620
Discount Received			730
Purchases		1,26,000
Sales			2,40,000
Return Inwards		6,500
Return Outwards			3,370
Opening Stock		15,000
Debtors		30,000
Creditors			20,000
Carriage on Sales		3,280
Carriage on Purchases		2,800
Insurance A/c		1,500
General Expenses		6,100
Cash in Hand		2,400
Bank Overdraft			12,100
Capital			1,54,000
Drawings		4,800
Total		4,30,200	4,30,200

Page No 14.29:

Question 6:

Following is the Trial Balance as at 31st March, 2015 :


Heads of Account	L.F.	Debit	Credit
		₹	₹
Capital			3,20,000
Fixed Assets		1,80,000
Drawings		60,000
Debtors		2,40,000
Creditors			1,80,000
Purchases		7,10,000
Sales			10,50,000
Bank Balance		45,000
Cash in Hand		30,000
Salary		1,65,000
Rent		1,20,000
		15,50,000	15,50,000

Having prepared the Trial Balance, it was discovered that following transactions remained unrecorded :
(i) Goods were sold on credit amounting to ₹ 40,000.
(ii) Paid to creditors ₹ 22,000 by cheque.
(iii) Goods worth ₹ 7,000 were returned to a supplier.
(iv) Paid salary ₹ 15,000 by cheque.
Required:
(i) Pass Journal entries for the above mentioned transactions and post them into Ledger.
(ii) Redraft the Trial Balance.

Answer:

Books of Sh. Venkteshwar Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
i.	Debtors A/c	Dr.		40,000
	To Sales A/c				40,000
	(Goods sold on credit)

ii.	Creditors A/c	Dr.		22,000
	To Bank A/c				22,000
	(Cheque given to creditors)

iii.	Creditors A/c	Dr.		7,000
	To Purchases Return A/c				7,000
	(Goods returned to a supplier)

iv.	Salary A/c	Dr.		15,000
	To Bank A/c				15,000
	(Salary paid)

Debtors Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
	Balance b/d		2,40,000		Balance c/d		2,80,000
	Sales A/c		40,000
			2,80,000				2,80,000
	Balance b/d		2,80,000

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
	Balance c/d		10,90,000		Balance b/d		10,50,000
					Debtors A/c		40,000
			10,90,000				10,90,000
					Balance b/d		10,90,000

Creditors Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
	Bank A/c		22,000		Balance b/d		1,80,000
	Purchases Return		7,000
	Balance c/d		1,51,000
			1,80,000				1,80,000
					Balance b/d		1,51,000

Bank Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.		Amount (Rs)
	Balance b/d		45,000		Creditors A/c			22,000
					Salary A/c			15,000
					Balance c/d			8,000
			45,000					45,000
	Balance b/d		8,000

Purchases Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
	Balance c/d		7,000		Creditors A/c		7,000

			7,000				7,000
					Balance b/d		7,000

Salary Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
	Balance b/d		1,65,000		Balance c/d		1,80,000
	Bank A/c		15,000
			1,80,000				1,80,000
	Balance b/d		1,80,000

Trial Balance as on March 31, 2015
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Capital			3,20,000
Fixed Assets		1,80,000
Drawings		60,000
Debtors		2,80,000
Creditors			1,51,000
Purchases		7,10,000
Sales			10,90,000
Bank Balance		8,000
Cash in Hand		30,000
Salary		1,80,000
Rent		1,20,000
Purchases Return			7,000
Total		15,68,000	15,68,000

Page No 14.30:

Question 7:

The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in a correct form and give necessary notes : −

TRIAL BALANCE
for the year ending 31st March, 2017

Particulars	Amount	Particulars	Amount
	₹		₹
Cash in Hand	5,200	Bank Overdraft	16,400
Plant & Machinery	75,000	Capital	50,000
Typewriter	6,400	Goodwill	8,000
Stock (1-4-2016)	13,100	Sundry Creditors	8,200
Purchases	84,100	Sales	1,60,000
Carriage Inwards	2,800	Return Inwards	2,400
Carriage Outwards	1,600	Drawings	2,120
Sundry Debtors	18,300	Investments	4,000
Bills Payable	12,000
Rent Paid	9,600
Wages	16,500
Advertisement	4,500
Discount Received	3,200
	2,52,300		2,51,120

Answer:

Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Cash in Hand		5,200
Plant & Machinery		75,000
Typewriter		6,400
Stock (1-4-2003)		13,100
Purchases		84,100
Carriage Inwards		2,800
Carriage Outwards		1,600
Sundry Debtors		18,300
Bills Payable			12,000
Rent Paid		9,600
Wages		16,500
Advertisement		4,500
Discount Received			3,200
Bank Overdraft			16,400
Capital			50,000
Goodwill		8,000
Sundry Creditors			8,200
Sales			1,60,000
Return Inwards		2,400
Drawings		2,120
Investment		4,000
Suspense A/c (Balancing Figure)			3,820
Total		2,53,620	2,53,620

Note: Since, the Trial Balance does not tally, thus, the difference of Rs 3,820 is transferred to the Credit Balance Column of Trial Balance.

Page No 14.30:

Question 8:

A book-keeper extracted the following Trial Balance as at 31st March, 2017 :

Name of Accounts	Balance Dr.	Balance Cr.
	₹	₹
Stock on 1.4.2016	2,50,000
Purchases	6,50,000
Sales		10,00,000
Motor Vans	3,80,000
Debtors and Creditors	1,50,000	94,000
Premises		3,00,000
Shop fittings		20,000
Interest on Bank Overdraft		16,000
Purchases Returns	10,000
Sales Returns		20,000
Lighting and heating	18,000
Capital		5,00,000
Discount Received	2,000
Repairs	2,500
Electricity		6,500
Bank Overdraft	2,00,000
Stock on 31.3.2017	3,30,000
Rent from subletting		15,000
Bills Receivable		8,000
Suspense Account (difference in books)		13,000
Total	19,92,500	19,92,500

You are required to redraft the trial balance correctly.

Answer:

Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Stock on 1.4.2004		2,50,000
Purchases		6,50,000
Sales			10,00,000
Motor Van		3,80,000
Debtors		1,50,000
Creditors			94,000
Premises		3,00,000
Shop Fittings		20,000
Interest on Bank Overdraft		16,000
Purchases Return			10,000
Sales Return		20,000
Lighting & Heating		18,000
Capital			5,00,000
Discount Received			2,000
Repairs		2,500
Electricity		6,500
Bank Overdraft			2,00,000
Rent from subletting			15,000
Bills Receivable		8,000
Total		18,21,000	18,21,000

Note: Closing Stock of Rs 3,30,000 will not appear in Trial Balance, because it has not been accounted yet.

Page No 14.31:

Question 9:

From the following ledger balances prepare trial balance :
Capital ₹ 20,800, Rent outstanding ₹ 1,420, Amount due to Param, ₹ 15,000, Drawing ₹ 2,800, Goodwill ₹ 12,000, Interest received ₹ 2,000, Discount received ₹ 1,580, Amount due from Deepan ₹ 26,000.

Answer:

Trial Balance
Name of Accounts	L.F.	Debit Balance (Rs)	Credit Balance (Rs)
Capital			20,800
Outstanding Rent			1,420
Due to Param			15,000
Drawings		2,800
Goodwill A/c		12,000
Interest Received			2,000
Discount Received			1,580
Due from Deepan		26,000
Total		40,800	40,800

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