Trial Balance problems and their solution (SEE)

 

1. The following ledger balances are extracted from the books of Everest Enterprises as on 31^st Chaitra, 2074

Capital………..……….. Purchases……..……….. Sales ……………….….. Sales return…………….. Purchase return…..…….. Salary ………………….. Rent ……………………..

Rs. 1,75,000 2,15,000 4,70,000 10,000 15,000 40,000 50,000

Sundry Debtors……… Sundry Creditors……. Machinery…………… Cash in hand ………… Land and building…… Cash at bank………… Bank loan……………

Rs. 95,000 80,000 1,39,000 8,000 2,60,000 23,000 1,00,000

Solution:

Trial Balance of Everest Enterprises

As on 31^st Chaitra, 2074

S.N.	Particulars (Head of accounts)	L.F.	Debit Rs.	Credit Rs.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14.	Capital………..……….. Purchases……..……….. Sales ……………….….. Sales return…………….. Purchase return…..…….. Salary ………………….. Rent …………………….. Sundry Debtors……….… Sundry Creditors….……. Machinery………….…… Cash in hand ……….…… Land and building…….… Cash at bank……….…… Bank loan………….…… Total ……………………		2,15,000   10,000   40,000 50,000 95,000   1,39,000 8,000 2,60,000 23,000	1,75,000   4,70,000   15,000       80,000         1,00,000
			8,40,000	8,40,000

 

2. The following list of balances has been extracted from the books of Aabha as on 31^st December, 2019

Purchases……..……….. Sales ……………….….. Capital………..……….. Purchase return…..…….. Sales return…………….. Plant and machinery…… Computer and equipment..

Rs. 1,80,000 4,13,000 3,00,000 5,000 3,000 2,95,000 1,10,000

Rent and rates..……… Office expenses..……. Creditors..…………… Bank loan…………… Cash at bank………… Commission allowed…. Debtors………………..

Rs. 45,000 38,000 70,000 60,000 82,000 20,000 75,000

Solution:

Trial Balance of Aabha

As on 31^st December, 2019

S.N.	Particulars (Head of accounts)	L.F.	Debit Rs.	Credit Rs.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14.	Purchases……..……….. Sales ……………….….. Capital………..……….. Purchase return…..…….. Sales return…………….. Plant and machinery…… Computer and equipment.. Rent and rates..….……… Office expenses..…….…. Creditors..………….…… Bank loan……….……… Cash at bank…….……… Commission allowed..…. Debtors………………….. Total …………….………		1,80,000   3,00,000   3,000 2,95,000 1,10,000 45,000 38,000     82,000 20,000 75,000	4,13,000 3,00,000 5,000           70,000 60,000
			8,48,000	8,48,000

 

3. Prepare a trial balance from the given ledger balances as on 31^st Ashad, 2077

Opening stock……….. Sales ……………….….. Purchases……..……….. Wages……….…..…….. Office equipment……… Account receivable…… Account payable……....

Rs. 25,000 4,00,000 1,90,000 30,000 90,000 1,85,000 80,000

Investment..……… Cash and bank balance.. Administrative expenses Loan from friends……. Advertisement………… Capital……………..…. Carriage………………..

Rs. 99,000 78,000 40,000 50,000 35,000 2,60,000 18,000

Solution:

Trial Balance of a company

As on 31^st Ashad, 2077

S.N.	Particulars (Head of accounts)	L.F.	Debit Rs.	Credit Rs.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14.	Opening stock…………….. Sales ………………….….. Purchases……..……….….. Wages……….…..……….. Office equipment………… Account receivable……… Account payable……….... Investment..………..….… Cash and bank balance….. Administrative expenses... Loan from friends…….…. Advertisement…………… Capital………….……..…. Carriage………………….. Total …………….………		25,000 4,00,000 1,90,000 30,000 90,000 1,85,000     99,000 78,000 40,000   35,000   18,000	4,00,000         80,000       50,000   2,60,000
			7,90,000	7,90,000

 

 4. The following ledger balances of Nepal Trade Centre are provided to you.

Opening inventory…….. Discount received….….. Capital………………… Loan..……….…..…….. Wages………………… Freight…………..…… Custom duty….…….... Bills receivable………

Rs. 25,000 8,000 1,00,000 56,000 30,000 15,000 13,000 29,000

Account receivable….. Interest on loan…….... Account payable…….. Vehicles………………. Loose tools…………… Opening stock……….. Purchases…………….. Sales………………….

Rs. 99,000 78,000 40,000 50,000 35,000 2,60,000 1,80,000 2,85,000

Solution:

Trial Balance of a company

As on 31^st Ashad, 2077

S.N.	Particulars (Head of accounts)	L.F.	Debit Rs.	Credit Rs.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.	Opening inventory…….. Discount received….….. Capital………………… Loan..……….…..…….. Wages………………… Freight…………..…… Custom duty….…….... Bills receivable……… Account receivable….. Interest on loan…….... Account payable…….. Vehicles………………. Loose tools…………… Opening stock……….. Purchases…………….. Sales…………………. Total …………….………		25,000 8,000     30,000 15,000 13,000 29,000 99,000 78,000   50,000 35,000 2,60,000 1,80,000	1,00,000 56,000       80,000     40,000     2,60,000   2,85,000
			4,98,000	4,98,000