Practical Problems from the books

of B. Badami, prepare a Trial

extracted
ledger account balances
1 From the following
2018:
Balance as on 31st December,
7,950
1,04,000 Drawings 8,300
Purchases Sundry creditors
18,550
Returns inward
5,360
Sundry debtors 62,000 15,600
Premises 1,49,000 Furniture 390
Sales Cash in hand
Returns outward 8,900 85,000
780 Capital 5,830
Rates and taxes Factory wages
Cash at bank
1,560 260
Carriage outward
Carriage inwards
650
Rent received
2,990
3,900 2,100
Salaries Insurance
25,000 260
Stock, 1st January Bad debts
Balance as on
balances extracted from the books of D. Daw, prepare a Trial
2 From the following list of
31st December, 2018:
1,18,700
Debtors 13,000 Capital 330
Discount received 483 Advertising 404
195 Printing and stationery
Travelling expenses 139
130 Bank interest paid
Carriage inwards 1,300
Sales 1,10,000 Drawings 97,500
65,000 Purchases
Plant and machinery 132
Carriage outwards 175 Postage 488
130 Rent and rates
Cash in hand 320
Creditors 7,000 Repairs 10,000
3,250 Bank overdraft
Wages 190 Stock, 1st Jan.,2018 19,500
Insurance
Buildings 44,000
3. From the following list of balances extracted from the books of Mukul Bose, prepare a Trial Balance as
on 31st March, 2019:

Capital, Mukul Bose 1,30,000 Bank loan (secured by a

Drawings, MukulBose 12,000 mortgage on premises) 35,000
Purchases 1,15,600 Freehold premises 60,000
Sales 2,39,140 Sundry debtors 62,140
Stock (1st April, 2018) 76,240 Returns inward 3,210
Sundry creditors 27,150 Bank charges and interest 2,610
Bills payable 30,000 Postage and stationery 1,140
Furniture and fittings 2,500 Carriage on sales 3,840
Carriage on purchases 1,150 Discount allowed 6,330
General expenses 12,460 Discount received 760
Wages 63,510 Cash at bank 2,450
Salaries 12,860 Cash in hand 310

Bills receivable 23,700

4. The following balances were extracted from G. Govil's
Ledger, on December 31, 2018 :
Purchases 12,176
Trade creditors Delivery vans 1,125
3,198 Wages and salaries 5,140
(Contd.)
 Fixtures and fittings
Stock on 1st January, 2018 286 Returns inward
328
Carriage inwards 3,694 Returns outward 114
627
Carriage outwards
1,143 Advertising 1,178
Trade debtors Discount received 219
Postage and telephone 3,128 Discount allowed 174
140 Bank overdraft
Sales 1,182
19,926
Vou are required tocalculate the balance on Govil'sDrawings 1,000
December 31, 2018. Capital Account and to prepare a Trial Balance on
c Gukul extracts the following balances from
his ledger on 31st December, 2018 :

Sales 18,880 Cash in hand 65

Motor vehicles
3,250 Cash at bank 1,625
Land and buildings 11,960 Drawings 2,310
Purchases 6,110 Commission received 351
Wages 3,952 Office salaries 2,548
Carriage inwards 130 156
Electricity
Carriage outwards 100 Creditors 1,469
Debtors 6,149 Furniture and fittings 2,080
Loan from bank 4,000 Opening stock 4,745
Rent and rates 325 Returns inward 429
Returns outward 416

You are required to calculate the balance on Sukul's Capital Account and to prepare a Trial Balance on
31st December, 2018.
Balance as on 31st December, 2018 :
6. From the following list of balances, prepare S. Virik's Trial
30,600 Investments 5,100
Premises 6,528
561 Goodwill
Cash at bank Debtors 5,508
306
Bad debts Sales 60,215
119
Postage 51,000
374 Capital
Rates and insurance Purchases 31,620
340
Electricity 3,875
102 Wages 6,834
Cash in hand 3,162 Furniture
Creditors Bank loan 5,000
3,000 585
General factory expenses 1,020 Office expenses
3,600
Returns outward Motor vehicles
510 304
Returns inward Carriage inward
309 2,650
Commission received 510 Salaries
8,500
Discount received 10,200 Machinery
Stock on 1st Jan., 2018 following details
taken from the books of
from the
as on 31st March, 2019
1. Trepare a Trial Balance
S. Mitra:
9,216
536 Cost of goods sold
Mitra's Capital
Account 9,072
Discount allowed 319 S.
Closing stock 1,600
Bank account 196 1,620
Debtors
General expenses 5,500
Creditors 1,250
Machinery
Motor vehicles
800
(Contd.)
 <
(280 Principles of Accounts Vol. - I(For ISC Class-XI)
200
Returns outward 436 Postage 766
Sales 16,391 Drawings 385
Discount received
Rent and rates 1,900 327
Office salaries 609 Carriage inward 540
Bad debts
Factory wages 2,925
Light and fan 480
December, 2018:
from the books of Gulam Ali on 31st
Ihe following balances are extracted
Bank overdraft 35,700
Capital on 34,190
1st January,2018 20,466 Creditors
1,37,800
Freehold factory at cost 1,56,000 Sales
71,500
Motor vehicles at cost 54,600 Purchases
Rent and rates 15,340
Provision for depreciation : 2,860
on motor vehicles on Discount allowed
Insurance 1,235
1st January, 2018 25,155
16,250 Sales return 4,550
Stock on 1st January, 2018 2,730
Debtors 6,760 Purchases return
Provision for doubtful debts Loan from bank 1,04,000
19,915
on 1st January, 2018 377 Sundry expenses
Cash in hand 98 Drawings 11,310
You are asked to prepare a Trial Balance as on 31st December, 2018.
9 The books of P. Paranjpe, Hardware Merchant, show the following balances on 31st December, 2018
Plant and machinery 20,000 Provision for bad
Freehold premises 9,000 and doubtful debts 1,880
Leasehold premises 3,500 Office furniture 920
Stock on 1st January,2018 41,000 Sales 1,75,261
Repairs to premises 1,500 Trade expenses 3,525
Repairs to plant and machinery 2,500 Balance at bank 8,725
Rates 2,900 Cash in hand 466
Creditors 22,500 Wages 27,500
Debtors 27,255 Salaries 7,250
Purchases 1,43,500 Bills payable 10,900
Bills receivable 1,000
From these figures, ascertain P. Paranjpe's Capital, and prepare a Trial Balance as on 31st December,
2018.
10. From the following list of balances, draw up the Trial Balance of B. Balesan as at 31st December, 2018:

Capital 87,100 Debtors 8,775

Plant and machinery 1,79,900 Loan from bank 17,000
Mortgage 35,000 Cash 17,979
Bank 61,334
Furniture
Creditors 1,57,729
34,450 Motor vehicles 76,125
Commission received 2,400 Rent received 1.955
Drawings 22,789 Repairs 2,234
Travelling expenses 455
Discount received 1,040
Electricity 2,574
Wages 4,504

(Contd.)
 Discount allowed 93,050
468 Stock at 1.1.2018 4,81,000
Rent paid 5,850 Purchases 2,520
Sales 6,88,473 Purchase returns 12,600
Sales returns 6,050 Input IGST 16,900
Output 1GST
a Trial
11. From the following list of balances extracted from the books of Anandiram Addy, prepare
Balance as at 31st December, 2018

31,100 Creditors 2,574

Capital 1494
Purchases 48,550 Travelling expenses 104
Machinery 18,600 Postage 2,950
Debtors 2,842 Drawings 1,952
Furniture 2,496 Discount received
2,736
Returns outward 1,236 Repairs to plant 15,216
Salaries 3,120 Factory wages 83,253
Rent and rates 2,880 Sales
1,660
General expenses 497 Bank account
810 Motor vehicles 4,160
Bad debts 1,700
Stock at 1st Jan., 2018 10,300 Electricity
Trial Balance as on 31st December, 2018 :
12. From the following list of balances, prepare S. Virik's
Investments
5,100
Premises 30,600
561 Goodwill 6,528
Cash at bank 5,508
306 Debtors
Bad debts 60,215
119 Sales
Postage 374 Capital
51,000
Rates and insurance 31,620
340 Purchases
Electricity 3,875
Cash in hand
102 Wages
Furniture 6,834
3,162
Creditors Bank loan 5,000
3,000 585
General factory expenses 1,020 Office expenses
Returns outward Motor vehicles 3,600
510
Returns inward Carriage inwards 304
309
Commission received 2,650
510 Salaries
Discount received Machinery 8,500
10,200
Stock on 1st Jan., 2018
following ledger acCount balances of
atrader as on 31st March 2010 .
the
13. Prepare a Trial Balance from
10,000 Sundry creditors 2,400
Capital 3,600 Wages 1,800
Furniture and fittings Sundry expenses 700
3,300 Discount received
Motor vans 18,000 270
Sales Provision for bad debts 110
13,500
Bank (overdrawn) 300
Purchases 500
Returns outward 200 Stock (1st April, 2018) 4,480
Commission received
Returns inward 4,200 200
Sundry debtors of a sole trader, as on 31.3.2019 draw
Ramesh.
extracted from the books
14. From the following balances may be taken as 32,700 and the closing stock as
The capital of
the proprietor
up a Trial Balance.
?6,240. Returns inward
18,000 100
Sundry debtors 10,545
Land and building 1,400
Wages (Contd.)
 of Accounts Vol. -I(For ISCClass-XI) <
282 Principles
Returns outward
1,000
9,000 7,695
Investments (cost)
16,000 Sundry creditors
Purchases Interest on investments 1,400
450 1,250
Rent, rates and taxes
25,000 Trade expenses 1,100
Sales Commission paid
150 2,650
Lighting and power 1,500 Drawings
Cash at bank 155
Stock on 1.4.2018 6,350 Duty and clearing charges 1,505
650 Bills payable
Cash in hand
10.000 whereas the market value
on 31.3.2019 is 8,500.
investments is
Note :The face value of December, 2018:
balances extracted from the ledger of B. Patra on 31st
15. Prepare a Trial Balance from the
72,000
B. Patra's Capital Account 18,000
B. Patra's Drawings Account 1,53,000
Sundry debtors 15,000
Bills receivable 1,20,000
Sundry creditors 9,000
Bills payable 30,000
Loan advanced to Sen & Co.
13,500
Fixtures and fittings 1,41,000
Stock at commencement
2,700
Cash in hand
37,500
Cash at Union Bank
18,000*
Overdraft with the Federal Bank
1,50,000
Purchases
10,500
Duty and clearing charges 3,84,000
Sales
3,000
Returns from customers
Staff salaries
28,500
3,300
Returns to suppliers 14,100
Commission and travelling expenses
7,500
Trade expenses
Rent Account 6,000
Discount received 12,000
16. From the following list of balances extracted from the books of Amenia Restaurant, prepare a Trial
Balance as at 31st December, 2018 and calculate the balance on the Capital Account of the proprietor :
Leasehold premises 65,000 Sales 55,000
Rent and rates 3,000 Purchase returns 150
Finance Ltd. (loan received) 10,000 Allowances to customers 50
Kitchen equipment 4,500 Repairs and maintenance 430
Furniture and fittings 3,700 Advertising 500
China, glass and cutlery 900 Discount received 250
Purchases 24,000 Debtors 450
Wages and salaries 15,000 Overdraft at bank 4,500

Creditors 200 Advance deposits from

Petty cash in hand 80 customers 100
Accountancy and legal fees 120 Administrative expenses 170
Proprietor'sdrawings 8,300
(Contd.)