9 Worksheet

Chapter # 9
Worksheet
Principles of Accounting – B.Com Part – I
Sameer Hussain
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Worksheet
Chapter # 9
WHAT THE EXAMINER USUALLY ASK?

 Ten – Column Worksheet of servicing business.
 Ten – Column Worksheet of trading business.
 Ten – Column Worksheet with cost of goods sold.
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Chapter # 9
Chapter # 9
WORKSHEET
WORKSHEET
Work sheet is a device which shows the pre-closing trial balance, adjustments, adjusted trial
balance, income statement and balance sheet in a single sheet. Work sheet helps to make
different statements in a single sheet. It is also called ten column work sheet because it contains
ten columns. Two columns for pre-closing trial balance (debit and credit), two columns for
adjustments (debit and credit), two columns for adjusted trial balance (debit and credit), two
columns for income statement (debit and credit) and two columns for balance sheet (debit and
credit).
Pre – Closing Trial Pre-closing trial balance shows the balances before making any
Balance: adjustments.
Adjustments columns show the adjustments made at the end of the

Adjustments:
period to adjust the expenses and income for the period.
Adjusted trial balance column shows the balance of trial balance

Adjusted Trial Balance:
accounts after the adjustments.
Income statement shows the income and expenses of the period. It

Income Statement:
shows the financial performance of the business.
Balance sheet shows the financial position of the business. It shows the
Balance Sheet:
assets, liabilities and owner’s equity at the particular date.
FORMAT OF TEN – COLUMN WORKSHEET

Name of Business
Worksheet
For the period ended ________
Adjusted Trial Income
Particulars Trial Balance Adjustments
Balance Statement
Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
ILLUSTRATION # 1: (Worksheet of Servicing Business)

2003 Regular & Private – UOK
Following is the trial balance taken from the books of Maha & Co. on 31st Dec. 2002:
Debit Credit
Cash 26,000
Office supplies 14,000
Prepaid rent 24,000
Equipment (at cost) 36,000
Salaries expense 20,000
Insurance expense 16,000
Allowance for depreciation – Equipment 10,000
Maha Capital 50,000
Commission income 76,000
136,000 136,000
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Chapter # 9
Data for Adjustments:
(a) Commission receivable Rs.5,000. (b) Unearned commission Rs.3,000.
(c) Prepaid rent expired Rs.18,000. (d) Unpaid insurance expense Rs.4,000.
(e) Office supplies consumed Rs.8,000. (f) Provide depreciation on office equipment at 15%
(g) Prepaid salaries Rs.5,000. of cost.
REQUIRED
Prepare Ten-Column Work Sheet.
SOLUTION # 1:
MAHA & CO.
WORKSHEET
FOR THE PERIOD ENDED 31 DECEMBER 2002
(IN THOUSAND OF RUPEES ‘000)
Trial Adjusted Trial Income Balance
Particulars Balance
Adjustment
Balance Statement Sheet
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 26 26 26
Office supplies 14 8 6 6
Prepaid rent 24 18 6 6
Office equipment 36 36 36
Salaries expense 20 5 15 15
Insurance expense 16 4 20 20
Allow for depreciation 10 5.4 15.4 15.4
Maha Capital 50 50 50
Commission income 76 3 5 78 78
136 136
Commission receivable 5 5 5
Unearned commission 3 3 3
Rent expense 18 18 18
Insurance payable 4 4 4
Office supplies expense 8 8 8
Depreciation expense 5.4 5.4 5.4
Prepaid salaries 5 5 5
66.4 78 84 72.4
Net income 11.6 11.6
48.4 48.4 150.4 150.4 78 78 84 84
ILLUSTRATION # 2: (Worksheet of Merchandizing Business)

1996 Regular – UOK
The following balances were taken from the General Ledger of Mr. Tanveer Adil on Dec. 31, 95:
Cash 5,000
10% Investment in bonds 10,000
Merchandise inventory (1-1-95) 4,000
Purchases 20,000
Accounts receivable 10,000
Allowance for bad debts (Dr.) 200
Office supplies expense 800
Office equipment 15,000
Allowance for depreciation – Office equipment 6,000

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Chapter # 9
Interest income – Investment in bonds 500
Unearned rent 5,500
Sales 35,000
Advertisement expense 1,000
Capital – Mr. Tanveer Adil 23,000
The data for adjustments for the year ended December 31, 1995:
(a) Merchandise inventory Rs.10,000 on 31-12-1995.
(b) Interest on investment on bonds is receivable semi-annually on June 30, and Dec. 31.
(c) Provision for estimated bad debts for the year at 5%.
(d) Office supplies used Rs.500.
(e) 20% Depreciation for the year on written down value of office equipment.
(f) Rent is not earned Rs.2,000 only.
(g) Salaries expense for the year Rs.3,000.
(h) Prepaid advertisement Rs.200.
REQUIRED
SOLUTION # 2:
MR. TANVEER ADIL
WORKSHEET (IN THOUSAND OF RUPEES ‘000)
Particulars Adjustment
Balance Balance Statement Sheet
Cash 5 5 5
10% Investment bonds 10 10 10
Merchandise inventory 4 4 4
Purchases 20 20 20
Accounts receivable 10 10 10
Allowance for bad debts 0.2 0.7 0.5 0.5
Supplies expense 0.8 0.3 0.5 0.5
Allow for depreciation 6 1.8 7.8 7.8
Interest income 0.5 0.5 1 1
Unearned rent 5.5 3.5 2 2
Sales 35 35 35
Advertising expense 1 0.2 0.8 0.8
Capital 23 23 23
Interest receivable 0.5 0.5 0.5
Bad debts expense 0.7 0.7 0.7
Office supplies 0.3 0.3 0.3
Depreciation expense 1.8 1.8 1.8
Rent income 3.5 3.5 3.5
Prepaid salaries 1 1 1
Prepaid advertisement 0.2 0.2 0.2
Merchandise inventory 10 10
30.8 49.5 52 33.3
Net income 18.7 18.7
70 70 8 8 72.8 72.8 49.5 49.5 52 52

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Chapter # 9
ILLUSTRATION # 3: (Worksheet with Cost of Goods Sold)

2009 Private – UOK
Following information related to Zulfiqar & Sons as at December 31, 2008:
Balance Before Adjustments
Debits Credits
Rent expense 5,000
Sales supplies 3,000
Merchandise inventory 25,000
Cost of goods sold 170,000
Cash 40,000
Zulfi – Capital 113,000
Sales 215,000
Sales return & allowance 5,000
328,000 328,000
Balance Day (31 – 12 – 08) Data:
(i) Rent expense Rs.3,000.
(ii) Salaries expense Rs.25,000 for the year.
(iii) Sale supplies used Rs.2,000.
(iv) 10% depreciation was estimated on office equipment.
REQUIRED
Prepare a ten column work sheet.
SOLUTION # 3:
ZULFIQAR & SONS
WORKSHEET (IN THOUSAND OF RUPEES ‘000)
Particulars Balance
Adjustment
Balance Statement Sheet
Rent expense 5 2 3 3
Sales supplies 3 2 1 1
Merchandise inventory 25 25 25
Cost of goods sold 170 170 170
Cash 40 40 40
Zulfi – Capital 113 113 113
Sales 215 215 215
Sales return & allowance 5 5 5
Prepaid rent 2 2 2
Salaries payable 5 5 5
Sales supplies expense 2 2 2
Depreciation expense 6 6 6
Allow for depreciation 6 6 6
211 215 128 124
Net income 4 4
328 328 15 15 339 339 215 215 128 128

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Chapter # 9
Practice questions
Question # 1: 1993 Private – UOK
Unadjusted trial balance of Khaleel & Company on December 31, 1992 is an under:
Debit Credit
Cash 10,000
Prepaid advertising 5,200
Notes payable 1,500
Khaleel Capital 6,600
Khaleel Drawings 2,000
Revenue from services 23,000
Rent expense 1,500
Insurance expense 500
Repair expense 100
Total 31,100 31,100
Data for Adjustment on December 31, 1992:
(1) One fourth of the rent expense is applicable to the first quarter of 1993.
(2) Office Supplies remaining on hand at the end of the year amounted to Rs.480.
(3) Salaries of Rs.4,400 were payable.
(4) Accrued Service revenue on December 31, 1992 Rs.7,000.
(5) The Office equipment is estimated to have 5 year life; no salvage value is anticipated.
REQUIRED
Prepare a Ten Column Worksheet on December 31, 1992.
Question # 2: 1989 Regular & Private – UOK

The Pre-closing Trial of Noorani & Co. December 31, 1988 was as under.
Debit Credit
Cash 1,000
Allowance for bad debts 300
Furniture 10,000
Allowance for depreciation 1,000
Noorani Capital 15,800
Rent expense 4,000
Total 46,800 46,800
Data for Adjustment on December 31, 1988 Now as Under:
(1) Office Supplies used during the year Rs.150.
(2) Insurance Expense represents 3 year insurance policy paid on July 01, 1988.
(3) Prepaid Advertising was Rs.1,500.
(4) Unearned Commission Rs.1,800.
(5) Allowance for Bad Debts was estimated at Rs.500.
(6) Depreciation on furniture was estimated at Rs.1,000.
(7) Rent Expense for the year was Rs.5,000.
(8) Salaries Expense for the year was Rs.5,500.

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REQUIRED
Prepare a Ten Column Work Sheet.

Following is the pre-closing trial balance of Rehan Co. at Dec. 31, 2003:
Debit Credit
Cash 20,000 ---
Accounts receivable 60,000 ---
Office supplies 5,000 ---
Office equipment 60,000 ---
Allowance for depreciation – Equipment --- 6,000
Accounts payable --- 20,000
Rehan – Capital --- 95,000
Rehan – Drawings 15,000 ---
Commission income --- 90,000
Salaries expense 31,000 ---
Rent expense 20,000 ---
211,000 211,000
Data for Year End Adjustments:
(a) Office supplies unused Rs.2,000.
(b) Unpaid salaries Rs.4,000.
(c) Actual rent for the year was Rs.18,000.
(d) Commission earned Rs.80,000.
(e) Commission receivable Rs.7,000.
(f) Salaries paid to office assistant Rs.5,000 was wrongly charged to drawings account.
(g) Depreciation was estimated at 10% p.a. by the Diminishing Balance Method.
REQUIRED
Prepare a Ten-Column work sheet.
Question # 4: 2006 Regular – UOK

Unadjusted trial balance of Waseem, a chartered accountant, on June, 30, 2006 is as under:-
Cash 100,000
Waseem’s Capital --- 662,000
Waseem’s Drawings 5,000
Consulting fees --- 400,000
Rent expense 60,000
Repairs expense 6,000
1,062,000 1,062,000
Data for Adjustment on June 30, 2006:
(a) Supplies on hand at the end of the period Rs.2,000.
(b) Unexpired rent amounted to Rs.20,000.
(c) Salaries Rs.4,000 are payable.
(d) Consulting fee still unearned amounted to Rs.15,000.
(e) The office equipment is estimate to have an operating life of 10 years with no salvage.
Use the straight line depreciation method.
(f) Advertising expense for the year amounted to Rs.35,000.

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REQUIRED
Prepare a Ten-Column work sheet from the above data.

The pre-closing trial balance of Nadir & Company on December 31, 2007 is as under:
Debit Balances:
Cash Rs.1,200; Office supplies Rs.800; Prepaid advertising Rs.6,000; Rent expense Rs.3,000;
Furniture Rs.10,000; Salaries expense Rs.5,000. (Total Rs.26,000).
Credit Balances:
Allowance for depreciation Rs.2,000; Nadir Capital Rs.10,000; Commission income Rs.14,000.
(Total Rs.26,000).
(a) Office supplies on hand Rs.500.
(b) Advertising cost unexpired Rs.2,000.
(c) Current year depreciation on furniture 20% on cost.
(d) Prepaid salaries Rs.800.
(e) Actual rent expense for the year Rs.3,600.
(f) Commission receivable Rs.300 and unearned commission Rs.700.
REQUIRED
Prepare a 10 column work sheet.

The following are pre-adjustment balances taken from the ledger of Amjad Company and
month-ended adjustment data on November 30, 2010:
Cash 75,000
Prepaid rent 36,000
Unearned commission 27,000
Amjad, Capital 76,000
Commission earned 83,000
Adjustment Data:
(a) Office supplies used during the month Rs.6,000.
(b) Unearned commission was nil.
(c) Commission earned during the month Rs.120,000.
(d) Prepaid salaries amounted to Rs.10,000.
(e) Salaries expense for the month Rs.60,000.
(f) Rent expense for the month Rs.30,000.
REQUIRED
Prepare 10 – column worksheet.

Following is the pre-closing trial balance of Mehfooz & Co. on December 31, 2010:
Title of Account Debit Credit
Cash 70,000
Aircraft 1,200,000
Allowance for depreciation – Aircraft 12,000
Accounts payable 18,000
Bank loan 25,000
Capital 1,000,000
Revenue from passengers 260,000

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Revenue from cargo 85,000
Maintenance and overhaul 33,000
Passenger services 15,000
Aircraft fuel 26,000
1,400,000 1,400,000
Additional Information:
(a) Salaries accrued Rs.3,000 and prepaid salaries for Rs.5,000.
(b) Bad debts estimated at 10% of accounts receivable.
(c) Interest on bank loan Rs.5,000 outstanding.
(d) Unearned revenue from cargo Rs.10,000 and earned receivable Rs.7,000.
(e) Proprietor withdrew cash from the business Rs.5,000 for private use.
(f) Book value of Aircraft was estimated at Rs.1,176,000.
REQUIRED
Prepare 10 – column worksheet from the data given above.

Unadjusted trail balance of Asad Company on December 31, 1987 is as under:
Debit Credit
Cash 500
Office supplies expense 2,000
Merchandise inventory (01.01.1987) 17,000
Furniture 26,000
Capital Asad 20,000
Purchases 120,000
Sales revenue 171,900
Rent expense 16,400
Total 200,000 200,000
Data for Adjustments on December 31, 1987:
(1) Office Supplies unused Rs.200.
(2) Current Year depreciation on Furniture Rs.2,600.
(3) Prepaid advertising expired by Rs.900.
(4) Actual rent expense for the year Rs.12,000.
(5) Merchandise Inventory is valued Rs.15,000.
(6) Salaries of Rs.2,000 were payable.
REQUIRED
Ten Column Work Sheet.

The following is the pre-closing Trial Balance of Nadir and Company on June 30, 1992.
Debit Credit
Cash Rs.21,500 Rs.
Merchandise inventory (1 – 7 – 91) 25,000
Furniture 15,000
Accumulated depreciation: furniture 3,000
Nadir Capital 27,000

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Chapter # 9
Nadir Drawings 8,800
Sales 116,800
Purchases 60,500
Salaries expenses 18,000
234,800 234,800
Supplementary For Adjustments:
(a) Merchandise inventory on June 03, 1992 was valued at Rs.16,000.
(b) Salaries expense for the year amounted to Rs.20,000.
(c) Unexpired Insurance Rs.3,500.
(d) Depreciation on Furniture for the year Rs.1,500.
(e) Office Supplies on hand on June 30, 1992 Rs.850.
(f) Rent revenue includes an amount received in advance Rs.2,500.
(g) Good costing Rs.1,200 were taken by Nadir for private use were not recorded.
REQUIRED
Prepare a Ten-Column Work Sheet.

The balances taken from the ledger of Mirza Company on June 30, 1995 before adjustment and
the data for adjustment are given below:
Debit Credit
Cash 5,000
Allowance for bad debts 2,000
Inventory – July 1, 1994 20,000
Prepaid rent 6,000
Furniture 12,000
Accumulated depreciation: furniture 3,000
Mirza Capital 57,000
Sales 50,000
Purchases 40,000
Transportation – in 4,000
Advertising expense 7,000
112,000 112,000
Additional Data:
(a) 10% of accounts receivable estimated to be uncollectible.
(b) Prepaid rent expired on Rs.4,000.
(c) Depreciation on furniture for the year estimated at Rs.1,000.
(d) Salaries expense for the year amounted to Rs.9,000.
(e) Advertising expense for the year amounted to Rs.2,000.
(f) Inventory valued at Rs.18,000.
REQUIRED
Prepare a 10-Column Work Sheet.

Presented below is the unadjusted trial balance of Hasan & Co. as at the end of year Dec. 31, 96.
Debit Credit
Cash 1,000
Merchandise inventory (1.1.96) 30,000
Automobile 200,000

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Accumulated depreciation: Automobile 7,500
Hasan – Capital 200,000
Hasan – Drawings 1,600
Sales 190,400
Purchases 144,000
Freight – in 500
Rent expense 6,000
Automobile expenses 4,200
Utility expenses 1,800
400,400 400,400
Data for year – end adjustments:
(a) The inventory was counted at end, values Rs.26,000.
(b) Out of automobile expenses, Rs.400 represents those of owner’s private use.
(c) Office supplies has a physical balance at end valued Rs.200.
(d) Salaries included Rs.1,500 not earned by the employees.
(e) The automobile has run ten thousand kilometers during the period; the rate of
depreciation is one rupee per kilometer.
REQUIRED
Prepare a 10-Column Work Sheet.

The following balances were taken from the General Ledger of Mr. Khalid Saeed, for the year
ended on 30th June, 1997.
Cash 12,800
Merchandise inventory on 1st July 1996 11,200
Accumulated depreciation – Furniture 3,600
Carriage outward 800
Furniture 10,000
Bank overdraft 7,400
Carriage inward 1,250
Sales 130,400
Khalid Saeed’s Capital 42,000
Purchases 89,950
Prepaid rent 36,000
Additional Data to be adjusted:
(1) Merchandise inventory on 30th June 1997, was valued at Rs.15,000.
(2) Rent expired at the rate of Rs.2,000 p.m.
(3) Rs.3,500 of salaries is outstanding.
(4) During the year three-fifth of office supplies was consumed.
(5) One-fourth of the commission income was received for the work to be done next year.
(6) Provide depreciation on furniture at the rate of 10% of written down value.
(7) Six month’s interest on over draft is due at 18% p.a.
(8) Insurance premium is paid for one year upto 31st March, 1998.
REQUIRED

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Chapter # 9
The following are unadjusted balance taken from the books of Mr. Shoukat on March 31, 1998.
Debit Credit
Cash 5,000
Prepaid insurance 4,000
Allowance for depreciation (O/E) 10,000
Capital, Shoukat 52,300
Drawings, Shoukat 6,000
Sales 80,000
Sales discount 4,000
Purchases 40,000
Purchase return & allowance 5,000
Transportation in 5,800
Advertising expense 8,500
155,300 155,300
Data for Adjustment on March 31, 1998
(a) Make allowance for doubtful accounts at 10% of accounts receivable at year end.
(b) Insurance expired Rs.2,500
(c) Record for depreciation on office equipment Rs.2,000.
(d) Advertising prepaid was Rs.1,200.
(e) Unpaid salaries were Rs.2,000.
(f) Merchandise inventory on March 31, 1998 Rs.15,000.
REQUIRED

The selected account balances taken from the ledger of Noman & Co. on Dec. 31, 2002 the year
end are as follows:
Cash 5,000 Plant asset 40,000
Merchandise inventory (1.1.2002) 20,000 Capital 37,800
Unearned rent income 1,900 Purchases 45,000
Accounts receivable 50,000 Sales revenue 67,000
Accounts payable 18,500 Interest expense 200
Notes payable 5,000 Salaries expense 14,000
Allowance for doubtful debts (Dr) 1,000
Goodwill 7,000
Supplementary Data for Adjustments at Dec. 31, 2002 are as Follows:
(a) The allowance for doubtful debts was estimated at 2-1/2% of accounts receivable.
(b) Plant assets are depreciated at 20% using Diminishing Balance Method having a scrap
value of Rs.5,000.
(c) Salaries expense for the year amounted to Rs.15,000.
(d) Unearned rent at year-end amounted to Rs.1,200.
(e) Accrued interest on N/P Rs.300.
(f) Merchandise inventory on Dec. 31, 2002 was valued at Rs.25,000 using periodic system.
(g) The cash was found short by Rs.500.
REQUIRED
Prepare a partial Ten-Column Work Sheet. The column totals are not required.

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Chapter # 9
The unadjusted trial balance of Fahad Sons on Dec. 31, 2006 is as under:-
Fahad Sons.
Trial Balance as on Dec. 31, 2006
Cash 40,000
Merchandise inventory beg. 100,000
Accumulated depreciation (Equipment) 60,000
Purchase returns 90,000
Fahad Capital ?
Sales discount 10,000
Purchases 600,000
Rent expense 180,000
Utilities expense 25,000
Data for Adjustment:
(i) Salaries unpaid amounted to Rs.15,000 and salaries prepaid amounted to Rs.20,000.
(ii) Insurance premium expired during the year Rs.25,000.
(iii) Depreciation on equipment during the year was Rs.30,000.
(iv) Commission earned but not recorded Rs.40,000.
(v) Merchandise inventory at Dec. 31, 2006 Rs.50,000.
REQUIRED
Prepare a 10-Column work sheet for Fahad Sons.

The following are trial balance and adjustment data for Zaidi’s Shop on December 31, 2010:
Debit Credit
Cash 9,200
Merchandise inventory, Jan 1 3,200
Prepaid rent 1,800
Furniture 12,000
Accumulated depreciation 2,400
Capital, Zaidi 48,400
Sales 30,000
Sales discount 300
Purchases 32,000
Purchase return 500
Transportation – in 500
Rent expense 1,200
Adjustment Data:
(a) Accounts receivable were extracted to realize Rs.20,000.
(b) Book value of furniture was estimated at Rs.9,000.
(c) Rent was prepaid to the extent of Rs.600.
(d) Commission earned during the year amounted to Rs.2,400.
(e) Actual salaries expense for the year amounted to Rs.4,800.

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(f) Merchandise inventory on Dec. 31 was valued at Rs.8,800.
REQUIRED
Prepare 10 – column worksheet.

Following is the unadjusted trial balance of Mansoor Trading Co. at December 31, 2010:
Account Titles Debit Credit
Cash Rs.20,000
Furniture 100,000
Allowance for depreciation – Furniture 38,000
Mansoor, Capital 205,000
Mansoor, Drawings 15,000
Sales 267,000
Rent revenue 80,000
Purchases 180,000
640,000 640,000
Supplementary Data for Adjustments:
(a) Merchandise inventory on December 31, 2010 was valued at Rs.60,000.
(c) Unexpired insurance Rs.3,500.
(d) Depreciation on furniture for the year Rs.15,000.
(e) Office supplies on hand on December 31, 2010 Rs.1,000.
(f) Rent revenue includes an amount received in advance Rs.2,000.
(g) Goods costing Rs.2,000 were taken by Mansoor for private use was not recorded.
REQUIRED
Prepare Ten – column worksheet.

The following balances were taken from the General Ledger of Haleem Sons on December 31,
2004:
Cash 12,250 Accounts receivable 5,840
Notes receivable 3,000 Allowance for bad debts 100
Merchandise inventory 20,180 Sales revenue 95,000
Building 30,000 Interest revenue 200
Accounts payable 8,720 Cost of goods sold 57,900
Notes payable 5,000 Salaries expense 7,500
Haleem Capital 40,000 General expense 10,900
Property tax expense 750 Interest expense 700
The data for adjustments to be made at year ended December 31, 2004 are:
(i) Property tax still prepaid Rs.250.
(ii) Accrued interest on notes receivable Rs.212.
(iii) Accrued interest on notes payable Rs.150.
(iv) Adjust the allowance for bad debts account to 5% of accounts receivable.
(v) Depreciation on building for the year was Rs.5,000.
REQUIRED

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Following are the balances taken from the records of Qasim & Bros on Dec. 31, 2004:
Cash at bank 40,000 Unearned commission 54,000
Merchandise inventory 50,000 Qasim Capital 230,000
Prepaid rent 9,000 Sales 184,000
Accounts receivable 60,000 Bonds payable 50,000
Equipment 100,000
Qasim Drawings 30,000
Utilities expense 24,000
Wages expense 45,000
Data for Adjustment of December 31, 2004:
(i) Commission earned during the year Rs.48,000.
(ii) Rent expired Rs.6,000.
(iii) Accrued wages Rs.7,000.
(iv) Depreciation on equipment was estimated at 5% on cost.
(v) Provide 1% of sales for uncollectible accounts.
REQUIRED

Following is the pre-closing trial balance of Adnan Traders was on Dec. 31, 2003:
Debit Credit
Cash 30,000
Furniture 60,000
Allowance for depreciation – Furniture 6,400
Adnan – Capital 119,800
Sales 200,000
Rent expense 20,000
326,200 326,200
(a) Office supplies unused Rs.2,000.
(b) Rent expense for the year was Rs.10,000.
(c) Prepaid advertising was Rs.6,000.
(d) Salaries expense for the year was Rs.25,000.
(e) Depreciation on furniture was estimated at Rs.6,000.
(f) Allowance for bad debts was estimated at 10% of year end accounts receivable.
REQUIRED

The following is the pre-closing trial balance of Nadir and Company on December 31, 2000:
Debit Credit
Cash 30,000
Allowance for bad debts 1,000

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Building 230,000
Allowance for depreciation – Building 30,000
Capital 250,000
Drawings 20,000
Sales 343,000
Sales return & allowance 3,000
Rent expense 30,000
Supplies expense 16,000
Data for Adjustment at December 31, 2000:
(a) Insurance was prepaid to the extent of Rs.1,500.
(b) The allowance for bad debts was estimated at the rate of 3% of the year end accounts
receivable balance.
(c) Depreciation expense is estimated at the rate of 20% on declining balance.
(d) Commission income is unearned to the extent of Rs.27,000.
(e) Salaries expense for the year amounted to Rs.50,000.
(f) Rent expense for the year amounted to Rs.27,000.
(g) Supplies consumed during the year Rs.13,000.
REQUIRED
Prepare a Ten-Column Work Sheet.

Presented given below is the unadjusted trial balance of Hassan Traders at December 31, 1999:
Debit Credit
Cash 1,250
Allowance for doubtful accounts 500
Unexpired insurance 1,700
Plant assets 45,000
Allowance for depreciation – Plant assets 15,000
15% Notes payable (due in 2003) 20,000
Capital – Hassan 35,000
Drawings – Hassan 2,000
Data for Adjustments
(a) Insurance expired during the year amounted to Rs.700.
(b) Provide doubtful debts at 10% of accounts receivable.
(c) Interest is paid annually on the notes payable at June 30, each year.
(d) Office supplies used amounted to Rs.500.
(e) Charge depreciation on plant assets at 20% on reducing balance method.
(f) Salaries prepaid amounted to Rs.850.
REQUIRED
Prepare a Ten-Column Work Sheet in proper form and complete in all respects.

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Following is the pre-closing trial balance of Adnan & Co. on December 31, 1998:
Debit Credit
Cash 20,000
Allowance for doubtful debts 500
Equipment 40,000
Allowance for depreciation – Equipment 2,500
Adnan – Capital 50,000
Rent expense 6,400
273,000 273,000
Data for Adjustments on December 31, 1998:
(a) Office supplies used Rs.2,000.
(c) Commission earned during the year Rs.8,000.
(d) Prepaid advertising Rs.4,000.
(e) Rent expense for the year amount to Rs.8,000.
(f) Insurance expense represents a 3-year insurance policy paid on August 1, 1998.
(g) Depreciation on equipment was estimated Rs.1,000.
(h) Doubtful debts on accounts receivable was estimated at Rs.1,000.
REQUIRED
Prepare a Ten-Column Work Sheet for the year ended December 31, 1998 from the above
balances and data for adjustments and complete in all respect.

Following is the pre-closing trial balance of Falcon Traders Trial Balance July 31, 1997.
Debit Credit
Cash 4,755
Unexpired insurance 486
Advertising supplies expense 835
Accumulated depreciation – Office equipment 276
RH Capital 13,140
Sales revenue 8,580
Office salaries expense 2,000
Sales discount 500
Sales returns 400
26,796 26,796

Page 132
Worksheet
Chapter # 9
Other Data
(a) Insurance expense for the month Rs.18.
(b) Advertising supplies on hand July 31 Rs.507.
(c) Depreciation on equipment Rs.75.
(d) Salaries earned by employees but yet not paid Rs.200, and salaries prepaid Rs.150.
(e) Provide for bad debts at 10% of accounts receivable.
REQUIRED

The following balances were taken from the General Ledger of Mr. Saleem, a sole proprietor on
September 30, 995
Cash 12,250
Notes receivable 3,000
Allowance for bad debts (Cr.) 100
Store supplies 540
Building 50,000
Accumulated depreciation – Building 20,000
Notes payable 5,000
Saleem, Capital 40,000
Interest revenue 200
General expense 10,900
Interest expense 700
Property tax expense 750
The data for adjustments to be made at year ended September 31, 1995 are:
(i) Store supplies on hand Rs.310.
(ii) Property tax paid in advance Rs.145.
(iii) Accrued interest on notes receivable Rs.212.
(iv) Accrued interest on notes payable Rs.150
(v) Adjust the allowance for bad debts account to 5% of accounts receivable.
(vi) The building has an estimated life of 50 years with no salvage value (Straight Line
Method of depreciation).
REQUIRED

The Pre-closing Trial Balance of Salman and Company on December 31, 1990 was as under.
Debit Credit
Cash Rs.30,000
Accounts payable Rs.10,000
Salman, Capital 25,000
Sales 110,000

Page 133
Worksheet
Chapter # 9
Rent expense 4,000
150,000 150,000
Supplementary Data for Adjustment on December 31, 1990:
(1) Un-used Office Supplies Rs.300.
(2) Salaries Payable Rs.500.
(3) Unearned Commission Rs.1,500.
(4) Commission Receivable Rs.1,400.
(5) Prepaid Advertising Rs.4,300.
(6) Rent Expense for the year Rs.6,000
REQUIRED
Prepare Ten Column Work Sheet from the data given above.

The following is the Pre-Closing Trial Balance of Qasim & Co. on December 31, 1989.
Debit Credit
Cash 40,000
Building 250,000
Bonds payable 20,000
Capital 257,000
Drawings 30,000
Sales 450,000
Rent expense 50,000
Supplies expense 30,000
Data for Adjustment on December 31, 1989 were as under:
(1) Prepaid Insurance Expired by Rs.4,400.
(2) The Allowance for Bad Debts was estimated at the rate of 5% of the year end Account
Receivable Balance.
(3) Depreciation Expense is estimated at the rate of 20% of the Cost of Building.
(4) Commission income is unearned to the extent Rs.4,000.
(5) Salaries Expense for the year amounted to Rs.48,000.
(6) Rent Expense was prepaid by Rs.5,000.
(7) Supplies used during the year were Rs.27,000.
REQUIRED
Prepare a Ten Column Work Sheet from the data given above.

Following trial balance data has been extracted from the books of Ali Ltd. For the year ended
December 31, 2009:
Cash Rs.220,000; Accounts receivable Rs.75,000; Office supplies expense Rs.5,000; Unearned
commission Rs.50,000; Machine Rs.150,000; Accounts payable Rs.80,000; Allowance for
depreciation – machine Rs.5,000; Merchandise inventory Rs.50,000; Allowance for bad debts

Page 134
Worksheet
Chapter # 9
(Dr.) Rs.3,000; Cost of goods sold Rs.200,000; Prepaid rent Rs.3,600; Salaries expense Rs.6,000;
Drawings Rs.5,000; Capital Rs.296,000; Sales revenue Rs.280,000; Long term loan ?
Data for Adjustment:
1. Used office supplies Rs.3,000.
2. Rent was paid for 1 year on April 30, 2009.
3. Allowance for bad debts estimated @ 6% of accounts receivable at end.
4. Expired salaries Rs.1,500.
5. The machine has a life of 80,000 hours and estimated salvage value is Rs.50,000.
Machine has operated 5,000 hours during 2009.
6. Interest accrued on long term loan @ 6% per annum. Loan acquired in September 1,
2009.
REQUIRED
Prepare ten columns Work Sheet.

Selected balance before and after adjustments relating to QASIM & COMPANY for the year
ended December 31, 1992 are as under.
Balance Before Balance After
Adjustments Adjustments
Debit Credit Debit Credit
Office supplies Rs.5,400 Rs.1,320
Accrued commission 25,560 49,560
Accumulated depreciation – 34,560 35,880
Equipment
Salaries payable 13,200
Unearned commission 10,200 7,800
Commission revenue 28,200 54,600
Salaries expense 13,200 26,400
Depreciation expense 1,320
Merchandise 12,600
REQUIRED
Give the necessary Adjusting Closing & Reversing Journal Entries.
OR
Prepare a Ten-Column Worksheet (partial) copy out the above data and complete the
Adjustments, Income Statement & Balance Sheet column only.

Following are the data related to pre-closing trial balance & adjusted balance of Humna
Associates for the month ended November 30, 2008:
Name of Accounts Pre-Closing Trial Balance Adjusted Trial Balance
Cash 4,980 4,980
Commission receivable 3,000 3,850
Office supplies 600 240
Office equipment 6,600 6,600
Accumulated depreciation 2,420 2,530
Accounts payable 1,660 1,660
Salaries payable 550
Unearned commission 400 190
Humna capital 12,300 12,300
Humna Drawings 1,000 1,000

Page 135
Worksheet
Chapter # 9
Commission earned 6,900 7,960
Salaries expense 6,000 6,550
Rent expense 1,500 1,500
Depreciation expense 110
23,680 23,680 25,190 25,190
REQUIRED
(1) Trace out data & prepare necessary adjusting entries.
(2) Prepare a ten-column worksheet from the above data.

The following are eight independent cases:
Paid Accrued Prepaid Expense
Salaries 33,000 7,000 Nil ?
Rent 40,000 Nil 15,000 ?
Advertising 78,000 15,000 18,000 ?
Utilities 20,000 5,500 ? 22,500
Insurance 77,000 ? 12,000 80,000
Repair ? 8,000 11,000 15,000
Interest 23,000 Nil Nil ?
Taxes ? Nil Nil 22,000
REQUIRED
Copy the above table and fill in the missing amounts, showing computations.

Page 136

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Chapter # 9

Principles of Accounting – B.Com Part – I

WHAT THE EXAMINER USUALLY ASK?

www.a4accounting.weebly.com Sameer Hussain

Adjustments columns show the adjustments made at the end of the

Adjusted trial balance column shows the balance of trial balance

Income statement shows the income and expenses of the period. It

FORMAT OF TEN – COLUMN WORKSHEET

ILLUSTRATION # 1: (Worksheet of Servicing Business)

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ILLUSTRATION # 2: (Worksheet of Merchandizing Business)

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ILLUSTRATION # 3: (Worksheet with Cost of Goods Sold)

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Question # 2: 1989 Regular & Private – UOK

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Question # 3: 2004 Private – UOK

Question # 4: 2006 Regular – UOK

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Question # 5: 2008 Private – UOK

Question # 6: 2010 Regular – UOK

Question # 7: 2011 Regular – UOK

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Question # 8: 1988 Regular & Private – UOK

Question # 9: 1992 Regular – UOK

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Question # 10: 1995 Private – UOK

Question # 11: 1997 Private – UOK

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Question # 12: 1997 Regular – UOK

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Question # 14: 2002 Regular & Private – UOK

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Question # 16: 2010 Private – UOK

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Question # 17: 2011 Private – UOK

Question # 18: 2005 Regular – UOK

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Question # 20: 2004 Regular – UOK

Question # 21: 2001 Regular & Private – UOK

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Question # 22: 2000 Regular & Private – UOK

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Question # 24: 1998 Regular – UOK

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Question # 25: 1996 Private – UOK

Question # 26: 1991 Regular & Private – UOK

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Question # 27: 1990 Regular & Private – UOK

Question # 28: 2012 Private – UOK

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Question # 29: 1993 Regular – UOK

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