Question 1.

Solution:

Question 2.

Solution:

Question 3.

Solution:

Question 4.

Solution:

Question 5.

Solution:

Question 6.
From the following ledger balances prepare Trial Balance:
Capital – Rs.20,800;Rent Outstanding – Rs.1,420;Amount due to Param – Rs.15,000;Drawing – Rs.2,800; Goodwill – Rs.12,000;Interest Received – Rs.2,000; Discount Received – Rs.1,580;Amount due from Deepan – Rs.26,000.
Solution:

Question 7.

Solution:

Question 8.

Solution:

Question 9.

Solution:

Question 10.
From the following balances extracted from the Ledger of Sri Narugopal, prepare Balance as on 31st March, 2015:
Capital Rs.75,00,000;Building Rs.7,50,000; Plant Rs.15,00,000;Stock on 1st April 2014, Rs.12,50,000;Cash in Hand Rs.2,500; Cash at Bank Rs.5,75,000;Commission Received Rs.1,75,000;Rates, Taxes and Insurance Rs.30,000;Discount (Dr.) Rs.55,000; Discount (Cr.) 45,000; Purchases Return Rs.50,000;Sundry Creditors Rs.2,50,000;Interest Received Rs.30,000;Sales Rs.62,50,000; Repairing Charges Rs.1,25,000; Book Debts Rs.15,00,000;General Expenses Rs.3,00,000;Rent Rs.62,500; Wages Rs.5,00,000;Purchases Rs.48,00,000; Furniture Rs.1,20,000;Carriage and Freight Rs.75,000;Sales Return Rs.90,000; Delivery Van Rs.5,00,000;Loan Advanced Rs.6,00,000; Travelling Expenses Rs.50,000; Office Salaries Rs.6,25000, Drawings Rs.6,00,000
Solution:

Question 11.

Solution: