Ravi Sir and Sanjeev Sirs Nimble Education for Commerce and Humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP

Contact 9033311500, 8866611600

TRIAL BALANCE
In the books of ABC, Trial Balance for the year ended 31st March 2017
Particulars Dr. Bal(Rs) Cr. Bal(Rs)
Capital
Drawings
Cash in hand
Cash at bank
Bank overdraft
Purchases
Return inwards or Purchase returns
Sales
Return outwards or Sales returns
Drawings
Discount received
Discount allowed
Salaries
Non-current assets (Land, Machine, Equipment, Plant, Furniture, etc)
Office expenses
Salaries
Electricity
Wages
Power and fuel
Customs duty
Excise duty
Carriage (inwards)
Carriage outwards
Bad debts
Bad debts recovered
Interest paid
Interest received
Bills receivable
Bills payable
Rent (paid)
Rent received
Reserves
Insurance premium
Life insurance
Depreciation
Provision for depreciation
Provision for bad debts
Provision for discount on debtors
Provision for discount on creditors
Prepaid expenses/ Advance expenses
Expenses payable/ Expenses accrued/ Expenses outstanding
Advance income received
Accrued income/ Income due but not received
Opening inventory (Opening Stock)
Purchases
Adjusted purchases**
Closing Inventory(Closing Stock)**
Important Note: **Closing stock in NOT RECORDED in Trial Balance UNLESS ADJUSTED
PURCHASES is given
Adjusted purchases = Opening Stock + Purchases Closing Stock
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce and Humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
Ravi Sir and Sanjeev Sirs Nimble Education for Commerce and Humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
Q1.Prepare trial balance from the following data
No Particulars Dr Cr No Particulars Dr Cr
1 Nimbles Capital 21 Transportation
2 Opening inventory 22 Printing
3 Furniture 23 Debtors
4 Purchases 24 Creditors
5 Cash 25 Investments
6 Carriage 26 Plant & Machinery
7 Sales 27 Electricity
8 Building 28 Postage
9 Returns inwards 29 Drawings
10 Returns outwards 30 Travelling expenses
11 Trade expenses 31 Motor car
12 Discount received 32 Building
13 Salary office rent 33 Bad debts
14 Advertisement 34 Bad debts recovered
15 Interest received(Cr) 35 Bank overdraft
16 Insurance and tax 36 Bills receivable
17 Life insurance 37 Bills payable
18 Loan 38 Discount received
19 Conveyance 39 Loan given
20 Rent received 40 Grant received

Q2. From the data below prepare a rectified trial balance

Particulars Cr Particulars Dr
Bank 337,500 Machinery 135,000
Bills payable 150,000 Return inwards 22,500
Discount allowed 15,000 Trade expenses 45,000
Opening stock 256,500 Capital 414,000
Salaries 90,000 Carriage outwards 37,500
Creditors 210,000 Debtors 112,500
Rent received 22,500 Building 150,000
Purchases 750,000 Sales 10,50,000
Carriage 45,000 Insurance claim received 30,000
Return outwards 120,000
19,96,500 19,96,500

Q3.From the data below prepare trial balance.

Particulars Dr Cr Particulars Dr Cr
Sales 10,000 Debtors 12,000
As Capital 2,500 Bank 1,000
Creditors 3,500 Cash 3,000
-- 16,000 16,000 --
Additional information: (i) Credit sales of Rs 12,000 are to be recorded. (ii)Credit purchases to be recorded Rs 8,000
(iii)Withdrew cash for personal use Rs 1,500. (iv)Paid for salary Rs 500. (v)Paid for advertisement Rs 600.

Ravi Sir and Sanjeev Sirs Nimble Education for Commerce and Humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600