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Q.1 Following was the position of Sameer as on 1 January 2010:

Cash in Hand Rs. 100,000 , Cash at bank Rs. 168,000 , furniture Rs. 80,000 , stock Rs. 50,000 , Debtors- ASHOK Rs. 10,000 , AVI
Rs. 15,000 , Creditors ʹ ARUN Rs. 20,000 , ANIL Rs. 30,000 , Bank Loan Rs. 200,000

Following Transactions took place during January 2010:

Jan 3- Received cheque from Ashok in full settlement of his account after deducting %5 Cash Discount.
Jan 4- Deposited the same into bank.
Jan 6 - Goods purchased for Rs. 10000 @ 10 % trade discount & @ 2 % cash Discount; Payment made by cheque.
Jan 8- Received cheque from AVI for Rs. 14500 & Discount allowed Rs. 500. Cheque deposited into the bank on same day.
Jan 10- Cash paid to Arun in full settlement of his account after deducting %5 Cash Discount.
Jan 15- Goods sold to Mohan for Rs. 20000 @ 10 % trade discount.
Jan 20 - Mohan returned goods costing Rs. 5000.
Jan 25- Bank Charged Rs. 100 for Bank Charges
Jan 31- Commission received from Ram Rs. 500

Pass the Journal entry, Prepare Ledger & then Draw A Trial Balance

Q.2 From the following particulars prepare Journal Book, Ledger & then Draw A Trial Balance:

2010 Rs.
July, 1 Samrat started business with cash 400,000
July, 5 Deposited Cash into Bank 200,000
July, 6 Goods purchased by Cheque 120,000
July, 7 Goods purchased from Bhanu 80,000
July, 8 Goods sold for cash 40,000
July, 15 Goods sold to K. Rao 120,000
July, 16 received cash from K. Rao 115,000
And allowed discount to him 5,000
July, 17 Paid Charity 1,000
July, 18 Paid to Bhanu 39,000
And allowed discount by him 1,000
July, 25 Paid Salary 5,000
Paid Rent 4,000
July, 31 Purchased Furniture from Patel & paid by Cheque 15,000

Q.3 Prepare a Trial Balance from the following:

Cash Rs. 13000 Creditors Rs. 60000

Travelling Expenses Rs. 5000 Office Expenses Rs. 4400
Loan Rs. 20000 Rent Rs. 3000
B/R Rs. 16000 Wages Rs. 5200
Purchase Rs. 70000 Purchase return Rs. 2000
Sales Rs. 40000 Sales return Rs. 4000
Salary Rs. 2000 Discount Allowed Rs. 700
Goodwill Rs. 40000 Land Rs. 10000
Capital Rs. 50000 Commission Received Rs. 3000
Freight Rs. 2000 Stationary Rs. 300
Provision for bad debts Rs. 800 Bad Debt Rs. 500
Interest on X͛s Loan Rs. 1700 Loan From X Rs. 7000
Debtors Rs.6000
Q.4 Following are the Totals of Accounts of the Ledger of D Company. Prepare a Trial Balance by Balance Method

Particulars Debit Credit

Capital ------ 30,000
A 30,000 10,000
B 20,000 18,000
C 25,000 30,000
Purchase 30,000 ------
Sales ------ 40,000
Returns 2,000 3,000
Discounts 1,000 2,000
Commission 2,000 1,000
Vehicles 60,000 40,000
Machinery 30,000 26,000

200,000 200,000

Q.5 Prepare a Correct Trial Balance from the following

Particulars Debit Credit

Opening Stock 50,000
Purchase 30,000
Purchase Return 15,000
Cash 5,000
Sales 44,000
Sales Returns 2,000
Creditors 97,000
Carriage inward 1,000
Wages 4,000
Salary 2,000
Debtors 21,000
Carriage outward 4,000
Travelling Expenses 1,500
Rent received 800
Loan On Mortgage 30,000
Motor Car 50,000
Investments 10,000
Sundry Expenses 1,500
Land & Buildings 18,000
Drawings 3,200
Capital 50,000
B/R 9,000
Repairs 2,800
B/P 8,000
Insurance 1,200
Typewriter 4,700
Patents 3,100
Bad Debts 1,800
Plant & Machinery 17,200
Stationery 1,800

249,800 239,800
Q.6 Redraft the following Trial Balance which has mistake:

Cost of Goods sold 150,000

Closing Stock 40,000
Debtors 60,000
Creditors 30,000
Fixed Assets 50,000
Opening Stock 60,000
Expenses 20,000
Sales 200,000
Capital 90,000
350,000 350,000

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@
 Prepare a Trial Balance as on 31 March 2010 from the following Ledger Balances:

Cash in hand Rs 15000; Cash at Bank Rs 35000; Purchases Rs. 60000; Sales Rs 120,000; Furniture Rs 20000;
Capital Rs 105000; Book Debts Rs 40000; Accounts Payable Rs 30000; Bills Receivable Rs 7500; Bills Payable Rs
5800; Carriage Inward Rs 700, Returns Outward Rs 2000; Carriage Outwards Rs 300; Returns Inward Rs 3500;
Wages Rs 17000; Salaries Rs 23000; Interest on Investment Rs 2000; Investment Rs 20000; Drawings Rs 15000;
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Stock on 1 April 2009 Rs 20000; Stock on 31 March 2010 Rs 28000; Provision for Bad Debts Rs 3000; Provision
for Discount on Debtors Rs 1200; Loan from Bank Rs 35000; Interest on loan Rs 1000; Building Rs 20000, Motor
Car Rs 25000, Bank Overdraft Rs 17600.

p.s. - To be Submitted by 13.10.2010 without failure.