MODULE – 3

TRIAL BALANCE
1. From the following Ledger balances of AB International, Prepare a Trial Balance.

Balance Amount ($) Balance Amount ($)

Purchases 12,000 Carriage 250

Sales 25,000 Commission 350

Discount 1,200 Rent and Rates 600

Salaries 2,500 Building 6,000

Wages 10,000 Machinery 5,000

Cash in Hand 975 Delivery Van 4,000

Cash at Bank 13,500 Capital 20,000

Repairs & Maintenance 870 Accounts Payable 3,200

Sundry Expenses 350 Accounts Receivable 4,500

Mortgage 14,000 Closing Stock 5,750

Mortgage Interest 250 Opening Stock 2,450

Traveling Expenses 100 Returns Inward 300

Insurance 150 Reserve for doubtful Debts 800

Notes Payable 2,745 Notes Receivable 400

2. From the following balances taken from the books of Purple International, Prepare a
Trial Balance as of 30 June 2020
Balance Amount ($) Balance Amount ($)
Discount on Sales 200 Dividend Received 550
Apprenticeship Allowance 300 Interest on Bank Overdraft 200
Discount On Purchase 150 Interest on Saving Certificate 600
Opening Stationery 450 Capital 18,000
Opening Stock 3,000 Repairs and Renewal 650
Purchase 18,000 Accrued Salaries/Wages 600
Adjusted Purchase 15,000 Accrued on loan Interest 200
Carriage Inwards 500 Advance Rent 400
Excise Duties 400 Bank Overdraft 2,000
Dock Charges 500 Preliminary Expenses 2,000
Fuel & Power 600 Purchase Ledger Balance 8,000
Factory Supervisors 4,000 Sales Ledger Balance 22,000
Salaries
Sales 40,000 General Reserve 4,000
Postage & Telegram 250 Motor Car 4,000
 Closing Stock 6,000 Sales Tax 400
Opening Cash at hand 600 Sinking Fund 2,000
Opening Cash at Bank 1,200 Income Tax 300
Purchase Return 200 Notes Payable 1,200
Provision for Bad debts 1,300 Deferred Advertisement 400
Sales Return 300 Advance Salary 500
Advertisement 1,200 Accrued Interest on Bank 800
Balance
Loan 6,000 Savings Certificate 3,000
Export Duty 300 Pension Fund 4,000
Carriage Outward 700 Copyright 1,500
Bad Debts Recover 300 Goodwill 2,000
Discount Allowed 350 Trademark 2,500
Stock Destroyed By fire 1,200 Building 10,000
Interest on Capital 250 Land 15,000
Depreciation Fund 4,000 Income Tax Reserved 3,000
Depreciation 700 Life Insurance Premium 200
Bank Charges 100 Leasehold Property 6,000
Profit from Consignment 5,000 Furniture and Fittings 1,500
Commercial Expenses 800 Govt. Securities 3,000
Other Indirect Expenses 200 Closing Stationery 800
Interest On Investment 700 Closing Cash at Hand 700
Bad Debts 300 Closing Cash at Bank 1,500
Interest on Drawings 150

3. From the following ledger balances extracted from M/s. KM & Co, prepare a trial
balance as at March 31, 2014 based on the following balances:

Balance Amount ($)

Capital 1,00,000
Drawings 16,000
Machinery 20,000
Sales 2,00,000
Purchases 2,10,000
Sales return 20,000
Purchases return 30,000
Wages 40,000
Goodwill 60,000
Interest received 15,000
Discount allowed 6,000
Bank overdraft 22,000
Bank loan 90,000
Debtors:
Neethu 55,000
Roopa 20,000
Creditors:
Reena 35,000
Ganesh 25,000
Cash 54,000
Stock on April 01, 2013 16,000
4. Prepare Trial Balance for the following Balances as on 31st March 2021
Balances $
Cost of Goods Sold 5,20,000
Opening Stock 50,000
Closing Stock 50,000
Salary and Wages 50,000
Sales 8,00,000
Plant & Machinery 2,00,000
Drawing 50,000
Investment 4,30,000
Creditors 1,00,000
Capital 4,00,000

5. The following balances were extracted from the ledger of Mr. Sachin as on 31st
March 2021. You are required to prepare a trial balance as on that date.

Balances $
Drawings 60,000
Salaries 95,000
Capital 4,40,000
Sales return 10,000
Sundry creditors 2,30,000
Purchases return 11,000
Bills payable 40,000
Commission paid 1,000
Sundry debtors 5,00,000
Trading expenses 25,000
Bills receivable 52,000
Discount earned 5,000
Plant & Machinery 45,000
Rent 20,000
Opening stock 3,70,000
Bank overdraft 60,000
Cash in hand 9,000
Purchases 7,08,000
Cash at bank 25,000
Sales 11,80,000
Investment 46,000
Closing Stock 80,000.

6. Prepare Trial Balance for the Following as on 31st March 2021:

Balances Rs.
Purchase: 5,05,000
 Return Outward: 5,000
Sales: 8,20,000
Return Inward: 20,000
Debtors: 2,80,000
Cash in Hand: 20,000
Capital: 4,00,000
Plant and Machinery: 3,20,000
Wages: 30,000
Drawing: 50,000
Furniture: 35,000
Bank Overdraft: 32,000
Commission Received: 10,000
Rent Paid: 7000
General Reserve: 30,000
Manufacturing Expenses: 25,000
Prepaid Expenses: 5000
Bad Debt: 10,000
Creditors: 80,000
Administrative Expenses: 50,000
Bills Receivable: 20,000
Opening Stock: 25,000
Carriage Inward: 5000
Carriage Outward: 10,000
Bills Payable: 30,000
Bank Loan: 10,000

7. Prepare the Trial Balance for the following balances as of 31st March 2021.
Balances Rs.
Capital: 5,00,000
Opening Stock: 75,000
Purchase: 4,25,000
Salary & Wages: 10,000
Depreciation: 50,000
Purchase Return: 15,000
Sales: 6,20,000
Sales Return: 20,000
Plant & Machinery: 4,00,000
Debtors: 1,50,000
Drawing: 40,000
Travel Expenses: 10,000
Creditors: 2,20,000
Bills Receivable: 80,000
Motor Vehicle: 2,00,000
Cash in Hand: 25,000
Investment: 40,000
Bad Debts: 6000
Carriage: 4000
Closing Stock: 65,000
8. The Following Balances were taken from the Books of Mohan Trader as of
28th February 2021.
Balances Rs.
Capital 5,00,000
Opening Stock 50,000
Debtors 2,00,000
Machinery 1,00,000
Cash 50,000
Investments 1,00,000
Sales 4,50,000
Purchases 3,00,000
Creditors 50,000
Land 2,00,000
Purchase Return 10,000
Sales Return 6,000
Wages 4,000

During the month of March 2021, the following Transactions were recorded:
Transactions Rs.
Goods sold on Credit 1,60,000
Goods Purchase on Credit 1,00,000
Purchase Return 5,000
Sales Return 4,000
Drawing 10,000

9. From the following balances extracted from the books of a trader, prepare Trial Balance
as on 31st March, 2021.
Capital Rs.2,00,000
Sales Rs.3,70,000
Purchases Rs.1,70,000
Creditors Rs.50,000
Debtors Rs.1,00,000
Building Rs.2,50,000
Opening Stock Rs.50,000
Cash at Bank Rs.50,000
Commission Paid Rs.11,000
Rent received Rs.15,000
Drawings Rs.4,000

10. From the following balances extracted from the books of Mr. K.K, prepare Trial Balance
as on 31st March 2021.
Cash in hand Rs.14,200
Cash at Bank Rs.6,800
Bills Receivable Rs. 28,000
Bills payable Rs.26,000
Sundry debtors Rs.54,600
Sundry creditors Rs. 62,400
Capital Rs.60,000
Drawings Rs. 28,000
SalesRs.2,05,000
Purchases Rs.1,75,000
 Carriage Inward Rs. 2,700
Salaries Rs.12,000
Advertisement Rs.2,400
Insurance Rs.1,600
Furniture Rs.7,500
Opening Stock Rs.18,600
Office Rent Rs.2,000

11. From the following balances extracted from the books of Mr. P.K, prepare Trial Balance
as on 31st March, 2021.
Closing Stock Rs.10,000
Cash in hand Rs.14,200
Outstanding Expenses Rs.4,400
Prepaid Expenses Rs.1,400
Accrued Income Rs.3,000
Cash at Bank Rs.16,800
Bills Receivable Rs. 28,000
Bills payable Rs.36,000
Sundry debtors Rs.54,600
Sundry creditors Rs. 62,400
Capital Rs.1,60,000
Drawings Computers Rs. 28,000
SalesRs.2,05,000
Purchases Rs.1,75,000
Carriage Inward Rs. 2,700
Salaries Rs.12,000
Advertisement Rs.2,400
Insurance Rs.1,600
Furniture Rs.7,500
Opening Stock Rs.18,600
Office Rent Rs.2,000
Investment Rs.1,00,000

12. From the following balances extracted from the books of Mr. S.K, prepare Trial Balance
as on 31st March, 2021.
Debtors Rs.17,200
Cash at Bank Rs.17,000
Creditors Rs.16,000
Capital Rs.70,000
Opening stock Rs.8,000
Drawing Rs.9,000
Wages Rs.6,700
Purchases Rs.60,000
Rent Rs.5,000
Sales Rs.82,000
Salary Rs.8,400
Machine Rs.35,700
Bills Payable Rs.12,000
Furniture Rs.13,000
General Reserve Rs.23,000
Investment Rs.20,000
Bank Loan Rs.12,000
Factory Expenses Rs.15,000