PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.1 From the following Trial Balance of Bharadwaj & Sons prepare Trading and Profit & Loss Accountfor
the year ended and Balance Sheet as on 31st March, 2019.

Trial Balance As on 31.3.2019

Debit balance Amt (Rs.) Credit balance Amt (Rs.)

Royalties 4,000 Sundry Creditors 56,000
Drawings 10,000 Sales 81,000
Wages 6,000 Purchase Returns 3,000
Purchases 71,000 Capital 2,50,000
Cash 10,000 Bills payable 20,000
Sales Returns 5,000 Bank Overdraft 40,000
Bank 40,000
Insurance 1,000
Furniture 34,000
Buildings 1,20,000
Sundry Debtors 1,00,000
Bad debts 1,000
Sundry Expenses 3,000
Travelling Expenses 2,000
Opening Stock 24,000
Carriage Outwards 1,600
Rent 1,000
Carriage Inward 400
Salaries 16,000
4,50,000 4,50,000

Additional Information :Closing Stock - Rs. 54,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.2 From the following Trial Balance of Mangesh Traders you are required to prepare Final Accounts.

Trial Balance as on 31st March, 2018

Particulars Debit (Rs.) Credit (Rs.)

Opening stock 32,750
Purchases 55,000
Sales 89,500
Purchases Returns 2,630
Sales Returns 4,480
Royalties 4,000
Wages & Salaries 8,000
Office Salaries 11,000
Bills Receivable 19,250
Bills Payable 12,500
Office Equipments 20,000
Motor Van 30,400
Plant and Machinery 25,000
Bad Debts 2,500
Advertisement 6,000
Cash in Hand 5,000
Sundry Debtors 31,250
Reserve for Bad debts 1,000
Sundry Creditors 24,000
Capital 1,25,000
2,54,630 2,54,630

Adjustments :
1) Closing Stock on 31st March, 2018 was valued at cost price Rs. 19,000, Market price Rs. 20,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.3 From the following Tiall Balance of Reena Enterprises you are require to prepare Trading Account,
Profit & Loss Account for the year ending on 31st March, 2018 and Balance Sheet as on that date
Trial Balance as on 31st March, 2018
Particulars Debit (Rs.) Credit (Rs.)
Opening Stock 45,200
Capital 3,00,000
Drawings 20,000
Furniture 60,000
Prepaid Insurance 1,770
Debtors & Creditors 70,000 1,29.250
Purchases & Sales 57,000 1,20,000
Plant & Machinery 50,000
Investment 68,000
Factory Insurance 26,000
Audit Fees 21,000
Carriage Inward 1,800
Land & Building 1,40,000
Rent 7,120
Reserve for Bad debts 6,000
Carriage Outward 8,360
Returns 2,000 9,000
Discount 1,000 7,000
Commission Received 8,000
5,79,250 5,79,250

Adjustments :
1) Closing stock valued at Cost Price Rs. 46,000 and Market price Rs. 40,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.4 From the following Trial Balance of Khandwala Enterprises prepare Final Accounts.
Trial Balance as on 31st March, 2018
Particulars Debit (Rs.) Credit (Rs.)
Capital 55,000
Drawings 3,000
Opening stock 16,400
Purchases 31,100
Direct Expenses 2,500
Sales 50,000
Returns 1,980
Rent & taxes 6,000
Bad Debts 400
Reserve for bad debts 1,500
Discount 2,375
Commission received 255
Debtors and Creditors 20,250 18,500
Furniture 6,000
Machinery 12,000
Goodwill 7,500
Wages & Salaries 7,000
Salaries 5,000
Advertisement 9,000
Investment in Debentures 8,500
Loans and Advances 13,750
1,39,005 1,39,005

Adjustments :
1) Closing Stock Rs.17,250

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.5 From the following Trial Balance of Omkar you are required to prepare Trading Account and Profitand
Loss Account for the year ending on 31st March 2018 and Balance Sheet as on that date.
Trial Balance as on 31st March, 2018
Debit Balances Amt (Rs.) Credit Balances Amt (Rs.)
Debtors 45,000 Capital 1,20,000
Opening Stock 11,550 Sales 60,750
Purchases 53,250 Return Outward 450
Sales Return 1,050 Dividend Received 2,250
Bad debts 600 Creditors 37,500
Rent. Rates & taxes 2,670 Bank Overdraft 24,000
Insurance 2,400 R.D.D. 1,200
Office Equipments 42,900
Furniture & Fixtures 28,500
Cash at Bank 32,280
Legal Expenses 3,000
Advertisement 1,800
Brokerage 2,100
Drawings 3,000
Wages 2,250
Coal, Gas, Fuel & Water 1,800
Machinery 12,000

2,46,150 2,46,150
Adjustments :
1) Closing Stock valued at Rs.. 42,000.

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.6 From the following Trial Balance and information given to you, prepare Trading Account, Profit &Loss
Account & Balance Sheet as on 31st March, 2018 in the books of M/s Abhay.
Trial Balance as on 31st March, 2018
Particulars Dr.Amt (Rs.) Cr. Amt (Rs.)
Capital 2,28,000
Furniture 40,000
Insurance 10,000
Salaries 17,000
Carriage Inward 1,000
Rent. Rates and Taxes 7,000
Machinery 50,000
Wages 8,000
Drawings 14,000
Carriage Outward 5,600
Purchases & Sales 62,000 1,71,000
Stock (1/4/2017) 31,000
Returns 5,000 6,300
Rent received 6,000
Discount Received 1700

R.D.D. 5,000
Bad debts 2,000
Advertisements 10,900
Debtors and Creditors 90,000 54,000
Bills Receivable 36,000
Cash at Bank 8,500
Bank Loan 50,000
Brokerage 4,000
Loose Tools 36,000
Bills Payable 16,000
Goodwill 1,00,000
5,38,000 5,38,000

Adjustments :
1. Closing Stock cost price Rs. 37,000 and Market price Rs. 40,000.

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.7 From the following Trial Balance and additional information given of M/s Laxmi Enterprises you are
required to prepare Trading Account. Profit & Loss Account for the year ending 31st March, 2019 and Balance
Sheet as on that date.
In the books of M/s Laxmi Enterprises
Trial Balance as on 31st March, 2019
Debit Balances Amt (Rs.) Credit Balances Amt (Rs.)
Machinery 1,00,000 Discount 2,000
Sundry Debtors 1,20,800 Sales 77,500
Furniture 36,000 Purchases Returns 4,800
Stock (1st April, 2018) 20,000 Creditors 52,000
Wages 1,800 Bank Loan 76,000
Electricity Charges 4,600 R.D.D. 1,600
Insurance 5,000 Bank Overdraft 53,300
Factory Rent 4,600 Capital 1,00,000
Travelling Expenses 3,600
Advertisement 2,500
Office Rent 3,000
Purchases 49,300
Sales Returns 2,800
Bad Debts 1,200
Drawings 12,000
3,67,200 3,67,200

Adjustments :
1) Stock as on 31st March 2019, amounted to Rs. 57,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.8 Shreyas requested you, to prepare Trading Account, Profit & Loss Account for the year ended on 31st,
March 2018. and Balance Sheet as on that date.
Trial Balance as on 31st March, 2018
Debit Balances Amt (Rs.) Credit Balances Amt (Rs.)
Opening Stock 14,400 Creditors 19,300
Debtors 30,000 Returns outward 750
Returns Inward 1,650 Sales 20,000
Rent, Rates & Insurance 2,250 Discount 365
Productive Wages 2,525 Capital 75,000
Discount 390 Outstanding Interest 650
Interest 475 Loan 7,500
Loss by fire 1,650
Salaries 1,850
Purchases 24,350
Drawings 2,500
Carriage Outward 1,275
Loose Tools 17,500
Plant & Machinery 14,000
Cash in hand 1,250
Cash at Bank 7,500
1,23,565 1,23,565
Adjustments :
1) Stock as on 31st March 2018, amounted to Rs.48,500

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.9 From the following Trial Balance of Kisan Traders prepare Trading Account, Profit & Loss Accountfor
the year ended on 31st, March 2019. and Balance Sheet as on that date.
Trial Balance as on 31st March, 2019
Debit Balances Amt (Rs.) Credit Balances Amt (Rs.)
Stock (1.4.2018) 1,50,000 Sundry Creditors 2,00,000
Purchases 8,50,000 Bank Overdraft 1,80,000
Wages 1,20,000 Interest Received 60,000
Indirect Expenses 80,000 Reserve for doubtful 10,000
debts
Return Inward 20,000 Sales 13,95,300
Power & Fuel 95,000 Returns Outward 30,000
Advertisement 70,000 Capital 6,00,000
Travelling Expenses 30,000
Sundry Debtors 2,20,000
Plant & Machinery 1,80,000
Printing & Stationery 18,000
Computers & Printers 5,20,000
Insurance Premium 20,000
Cash in hand 42,300
Bad Debts 11,000
Drawings 49,000
24,75,300 24,75,300

Adjustments :
1) Closing Stock is valued at Rs. 2,80,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.10 Prepare Trading, Profit and Loss Account and Balance Sheet in the Books of Arun J. with the help of
following information and Trial Balance given below for the year ending 31st March, 2019.
Trial Balance as on 31st March, 2019
Debit Balances Amt (Rs.) Credit Balances Amt (Rs.)
Debtors 24,000 Capital 25,000
Opening Stock 8,000 Sales 20,000
Royalties 1,500 Creditors 10,000
Wages 1,000 Returns 1,000
Salaries 2,500 Loans & Advances 8,000
Drawings 3,000 Bills Payable 12,000
Goodwill 8,000 Interest Received 1,000
Returns 500
Telephone Charges 1,000
Carriage Inwards 1,000
Carriage Outward 1,000
Trade Expenses 500
Insurance 2,000
Plant & Machinery 6,000
Furniture 5,000
Purchases 12,000
77,000 77,000

Adjustments :
1) Closing Stock is valued at Cost Price Rs. 13,000 where as Market Price Rs. 15,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.11 From the following Trial Balance of Pravin & Sons prepare Trading Account, Profit & Loss Account for
the year ended on 31st, March 2019. and Balance Sheet as on that date.
Trial Balance as on 31st March, 2019
Debit Balances Amt (Rs.) Credit Balances Amt (Rs.)
Cash 4,000 R.D.D. 1,600
Wages 6,000 Creditors 50,280
Interest 3,000 Sales 62,000
Salaries 12,000 Purchase Returns 1,720
Drawings 10,000 Bank Overdraft 20,000
Advertisement 1,200 Commission Received 2,800
Machinery 51,000 Capital 1,00,000
Printing & Stationery 1,200
Debtors 76,000
Sales Returns 1,500
Opening Stock 10,000
Purchases 54,500
Bad Debts 1,920
Discount 2,080
Rent 4,000
2,38,400 2,38,400

Adjustments :
1) Closing Stock is valued at Rs. 84,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.12 Following is a Trial Balance of Vijay Traders, You are required to prepare Trading Account and Profit&
Loss Account for the year ended 31st March, 2018 and Balance Sheet as on that date

Trial Balance as on 31st March, 2018

Debit Balances Amt (Rs.) Credit Balances Amt (Rs.)
Rent, Rates & Taxes 3,500 R.D.D. 2,500
Insurance 1,000 Loan from Prakash 34,700
Wages 6,000 Sales 92,300
Repairs 9,400 Capital 45,000
Drawings 3,000 Sundry Creditors 18,000
Sundry Debtors 15,000 Sundry Income 7,500
Purchases 40,000 Bills Payable 17,000
Discount 900 Discount Received 3,000
General Expenses 3,600
Furniture 40,000
Plant & Machinery 50,000
Stock (1.4.2017) 12,000
Bank 7,500
Bad Debts 600
Bills Receivable 27,500
2,20,000 2,20,000

Adjustments :
1) Stock on 31st March 2018, amounted to Rs. 30,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.13 Following is a Tril Balance of Ajay Enterprises, You are required to prepare Trading Account and Profit
& Loss Account for the year ended 31st March, 2019 and Balance Sheet as on that date

Trial Balance as on 31st March, 2019

Particulars Debit Amt (Rs.) Credit Amt (Rs.)

Debtors 52,835
Opening Stock 8,605
Purchases 25,375
Fuel and Power 1,818
Creditors 42,860
Carriage Outwards 1,860
Drawings 5,000
Capital 1,60,000
Sales 39,472
Returns 860 1,375
Cash at Bank 16,375
Furniture 39,500
Salaries 7,000
Motor car 20,500
Wages 7,000
General Expenses 7,295
Loan 15,000
Bad debts 2,000
R.D.D. 800
Bills Payable 6,866
Machinery 40,800
Insurance 5,000
Commission Received 1,450
Investments 26,000
2,67,823 2,67,823
Adjustments :
1) Stock on hand 31st March 2019, amounted to Rs. 28,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.14 From the following Trial Balance of Sanjiv & Sons. Prepare Trading Account and Profit &Loss Account
for the year ending on 31st March, 2019 and a Balance Sheet as on that date.
Particulars Debit Amount Credit Amount
(Rs.) (Rs.)
Opening stock 22,000
Purchases & Sales 1,78,000 4,60,000
Carriage Outward 4,800
Plant and Machinery 50,000
Debtors and Creditors 44,000 76,000
Returns 2,000 4,000
Buildings 58,000
Motor Van 40,000
Printing & Stationery 3,000
Wages 28,000
Reserved for Bad debts 3,200
Commission 2,400
Office expenses 5,400
Carriage 9,000
Furniture 20,000
Premises 81.000
Loose Tools 20,400
Drawings 24,700
Bank Overdraft 22,000
Cash in hand 71,000
Dividend 3,300
Capital 1,40,000
Salaries 44,000
Bills Receivable & Bills Payable 5,600 8,400
Bad debts 2,400
Advertisement 6,000
7,19,300 7,19,300

Additional information :
1. Closing stock on 31st March, 2019, was at cost Rs. 60,000 and Market Price Rs. 70,000.

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.15 From the following Trial Balance of Nandini & Co. as on 31st March 2019. Prepare FinalAccounts
after considering the adjustments given below.
Particulars Debit Amount Credit Amount
(Rs.) (Rs.)
Loose Tools 1,10,000
Furniture & Fixtures 81,000
Bad debts 1,400
Sundry Debtors 81,600
Stock (31st March 2018) 52,000
Purchases 77,000
Sales Cash 21,000
Sales Credit 81,000
Returns 400 600
Advertisements 4,800
Rate taxes & Insurances 6,000
Repairs & maintenance 1,200
Salaries 18,000
Rent 2,200
Machinery 84,000
Capital 3,60,000
R.D.D. 8,000
Sundry Creditors 70,000
Drawings 14,000
Interest 1,200
Dividend 2,800
Bank Balance 40,000
Royalty 6,000
Bank loan 40,000
Carriage Outwards 4,000
Discount 1,000
5,84,600 5,84,600

Adjustments :
1. Closing stock valued at Rs. 1,00,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.16 Prepare Final accounts of Abdul Traders for the year ending 31st March, 2019 withthe help of
following Trial Balance and Adjustments.
Trial Balance as on 31st March, 2019

Debit Balance Amount Credit Balance Amount

(Rs.) (Rs.)
Salaries 10,000 Interest Received 2,400
Purchases 71,400 Capital 1,60,000
Rent 2,200 Sales 85,000
Machinery 56,000 Provision for Bad Debts 2,000
Advance against wages 4,000 Commissions Received 1,600
Opening stock 20,000 Bills Payable 9,200
Bad debts 1,000 Creditors 56,000
Prepaid Insurance 2,400
Wages 2,600
Loose Tools 26,000
Commission receivable 400
Sundry Debtors 64,000
Cash 1,000
Bank 3,000
Drawings 7,600
Freight Inward 1,000
Bills Receivable 13,600
Loan to Aruna 30,000
3,16,200 3,16,200

Adjustments :
1. Closing stock valued at Rs. 89,600

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.17 Following is the Trial Balance of Geeta Enterprises. You are required to prepare Tradingand Profit &
Loss Account for the year ended 31st March, 2019 and Balance Sheet as on that date after taking into
account the additional information provided to you.
Trial Balance as on 31st March, 2019

Particulars Debit Amount Credit Amount

(Rs.) (Rs.)
Capital A/c 50,000
Drawings 1,750
Opening Stock 8,000
Purchases & Sales 16,500 22,500
Returns 625 750
Carriage Outward 425
Wages - Productive 1,000
Unproductive 600
Salaries 1,000
Travelling expenses 1,125
Trade Expenses 325
Fuel and Coal 250
Discount 460 550
Sundry expenses 225
Bad Debts 200
Plant & Machinery 20,000
Furniture 5,500
Packing expenses 175
Sundry Debtors & Creditors 10,090 6,750
Cash in hand 2,200
Investments 10,250
Reserve for Doubtful debts 150
80,700 80,700

Additional information :
1) Closing stock of goods on 31st March, 2019 valued at Rs. 7,100 at cost price and Rs. 7,500/- as
market price.

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.18 Following are the closing ledger balances of Deepak & Co. Prepare Trading Account and Profit &
Loss Account for the year ended 31st March 2019 and Balance sheet ason that date.
Ledger Balances of Mr Deepak and Co. as on 31st March, 2019

Particulars Amount Particulars Amount

(Rs.) (Rs.)
Bank 30,000 Capital 1,20,000
Bills Payable 7,500 Insurance Premium 18,000
Furniture 19,500 Salaries 30,000
Commission Received 3,000 Bank loan 30,000
Stock (1.4.2018) 27,000 Sundry expenses 7,500
Building 37,500 Interest paid 1,500
Wages 7,500 Machinery 25,500
Creditors 37,500 Sales 96,000
Bad Debts 4,500 Purchases 42,000
R.D.D. (old) 3,000 Debtors 31,500
Sales Returns 1,500 Purchases returns 3,000
Cash in hand 16,500

Adjustments :
1) Closing stock was valued at Rs. 60,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.19 Following is the Trial Balance extracted from the books of Raju Traders. You are required to
prepare Trading A/c, Profit & Loss A/c for e year ending on 31st March2019 and Balance Sheet as on
that date after Considering the additional information given below.
Trial Balance as on 31st March, 2019

Particulars (Debit) Amount Particulars (Credit) Amount

(Rs.) (Rs.)
Raju's Drawings 5,000 Capital 2,00,000
Opening stock 30,000 Sales 1,64,000
Wages 5,000 Returns outward 2,400
Purchases 60,000 Creditors 40,000
Trade Expenses 800 Discount 1,600
Royalties 1,600 Bills payable 13,600
Salaries 20,000
Debtors 80,000
Plant & Machinery 56,000
Printing & Stationery 2,400
Bad debts 900
Discount 1,200
Furniture 16,000
Advertisement 3,000
Carriage outwards 600
Computers 1,20,000
Bills Receivable 16,000
Cash in hand 1,100
Cash at Bank 2,000
4,21,600 4,21,600

Adjustments :
1. Closing stock is valued at Rs. 40,000 at Cost Price and Rs. 44,000 as Market Price.

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.20 From the following Trial Balance of Shradha Enterprises, you are required to
prepare Final Accounts for the year ending on 31st March 2019.
Trial Balance as on 31st March, 2019

Debit balances Amount Credit Balances Amount

(Rs.) (Rs.)
Opening Stock 2,40,000 Capital 13,00,000
Purchases 8,50,000 Sundry Creditors 1,20,000
Returns Inward 15,000 Bills Payable 60,000
Wages 29,000 Sales 25,00,000
Power and Fuel 21,800 Return Outward 8,000
Travelling Expenses 14,700 Discount 2,000
Audit fees 7,000 Bank Overdraft 1,54,000
Royalty 72,000 Reserve for Bad and 8,000
doubtful debts
Discount 1,750
Postage 13,500
Bad debts 3,000
Sundry Debtors 5,20,000
Furniture 1,20,000
Plant & Machinery 15,00,000
Freehold Premises 7,02,000
Rent, Rates and Insurance 42,250

41,52,000 41,52,000

Adjustments :
1) Closing stock is valued at Rs. 3,80,000 Cost price and Rs. 4,00,000 as Market price.

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.21 From the following Trial Balance of Ayub & Co. as on 31st March 2019, you arerequired to
prepare Trading Account, Profit and Loss Account for the year ending 31st March 2019 and Balance
Sheet as on that date after making necessary adjust-ments..
Trial Balance as on 31st March, 2019

Debit balances Amount Credit Balances Amount

(Rs.) (Rs.)
Cash in hand 4,575 Discount 900
Cash at Bank 15,450 Loan from Abhay 15,000
Drawings 18,000 Creditors 18,225
Furniture 6,000 Sales 1,95,000
Plant & Machinery 45,000 Returns Outward 3,000
Opening Stock 30,000 Capital 90,000
Purchases 1,20,000
Salaries & Wages 33,600
Debtors 30,600
Returns Inward 7,500
Audit Fees 2,250
Rent. Rates and Taxes 5,400
Bad debts 600
Travelling Expenses 750
Insurance 1,200
Interest on Loan from 450
Abhay
Trade Expenses 300
Sundry expenses 450
3,22,125 3,22,125

Adjustments :
1) Stock on hand on 31st March, 2019 valued at Rs. 60,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.22 From the following Trial Balance of Rajnish & Sons and the additional information given below
prepare Trading & Profit and Loss Account for the year ending on 31st March 2018 and Balance Sheet as
on that date.

Trial Balance as on 31st March 2018

Debit balances Amount Credit Balances Amount

(Rs.) (Rs.)
Stock (01.04.2017) 1,20,000 Capital 6,00,000
Purchases 4,00,000 Sales 3,00,000
Wages 17,000 Return outward 8,000
Carriage 6,000 Sudnry Creditors 1,80,000
Salaries 60,000 Bills Payable 90,000
Rent, Rates and Taxes 12,000 Loan 1,00,000
Insurance 8,000 Bank Overdraft 79,200
Royalties 10,000
Discount 4,500
Courier charges 5,200
Bad Debts 7,000
Trade Expenses 2,500
Drawings 15,000
Machinery 3,00,000
Furniture 1,50,000
Patents 50,000
Sundry Debtors. 1,90,000
13,57,200 13,57,200

Adjustments :
1. Closing Stock valued at Rs. 3,00,000 cost price and Rs. 3,20,000 at Market price.

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.23 From the following Trial Balance of John & Sons you are require to prepare TradingAccount,
Profit and Loss Account for the year ending 31st March 2019 and Balance Sheet as on that date.
Trial Balance as on 31st March 2019

Debit balances Amount Credit Balances Amount

(Rs.) (Rs.)
Drawings 12,000 Sundry Creditors 40,000
Cash in hand 8,000 Returns 4,500
Cash at Bank 20,000 Dividend 100
Bills Receivable 15,000 Rent 200
Wages 1,800 Sales 53,200
Discount 700 Bank Loan 5,000
Rent 2,000 Capital 99,700
Advertisement 3,000
Bad debts 1,200
Travelling Expenses 800
Purchases 40,000
Machinery 15,000
Motor Car 18,000
Returns 1,200
Stock (1st April 2018) 10,000
Sundry Debtors 35,000
Carriage outwards 1,000
Investment 18,000

2,02,700 2,02,700

Adjustments :
1. Closing Stock Rs. 27,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.24 From the following Trial Balance of Pushkraj you are required to prepare TradingAccount and
Profit and Loss Account for the year ended 31st March 2019 and Balance Sheet as on that date.

Trial Balance as on 31st March 2019

Debit balances Amount Credit Balances Amount

(Rs.) (Rs.)
Drawings 2,000 Capital 80,000
Motor Car 30,000 Sundry Creditors 25,000
Cash in hand 1,000 Dividend 4,800
Bills Receivable 20,000 Commission 2,535
Wages 1,000 Loan 13,700
Discount 235
Rent 300 Purchases Returns 400
Advertisement 2,500 Sales 38,680
Bad Debts 500
Travelling expenses 1,000
Purchases 27,400
Machinery 30,000
Office expenses 500
Sales Returns 680
Opening Stock 10,000
Sundry Debtors 35,500
Carriage Outward 500
Cash at Bank 2,000
1,65,115 1,65,115
Adjustments :
1. Stock on 31st March, 2019 was valued at Rs. 28,000

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PIYUSH COMMERCE CLASSES (X – CS (Accounts) Ph:- 98200 82643 / 83694 44366

Q.25 From the following Trial Balance of Jyoti Trading Co. Prepare a Trading Accountand Profit and
Loss Account for the year ended 31st March 2019 and Balance Sheetas on that date.

Trial Balance as on 31st March 2019

Debit balances Amount Credit Balances Amount

(Rs.) (Rs.)
Stock (1.4.2018) 9,500 Capital 2,00,000
Sales Returns 750 R.D.D. 1,000
Loose Tools 55,000 Sales 38,750
Debtors 50,800 Purchases return 455
Bills Receivable 4,000 Creditors 47,000
Purchases 29,455 Bills Payable 8,000
Furniture 15,000 Discount 1,845
Salaries 5,000
Carriage Outward 3,000
Legal expenses 2,000
Insurance 2,200
Goodwill 20,000
Machinery 40,000
Wages 2,345
Bank 30,000
Drawings 8,000
Investments 20,000
2,97,050 2,97,050
Adjustments :
1. Closing stock valued at Rs. 58,000 Cost Price while Market price is Rs. 60,000

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