Submitted By: Muhammad Zaid

Solution: 1
ASSETS
EXPENSE INCREASE
DEBIT (Dr.)
Sr.# ACCOUNT HEAD LIABILITY &
CREDIT (Cr.)
INCOME DECREASE
CAPITAL
Motor lorry A/c Asset Increase Debit (Dr.)
(a)
Cash A/c Asset Decrease Credit (Cr.)

WAHAAB A/c Liability Decrease Debit (Dr.)

(b)
Bank A/c Asset Decrease Credit (Cr.)

ABID'S A/c Liability Decrease Debit (Dr.)

(c)
Cash A/c Asset Decrease Credit (Cr.)

Cash A/c Asset Increase Debit (Dr.)

(d)
Motor lorry A/c Asset Decrease Credit (Cr.)

Office Machinery A/c Asset Increase Debit (Dr.)

(e)
ULTRA Ltd. A/c Liability Increase Credit (Cr.)

Cash A/c Asset Increase Debit (Dr.)

(f)
Account Receivable (GHAZI )A/c Asset Decrease Credit (Cr.)

Bank A/c Asset Increase Debit (Dr.)

(g)
Account Receivable (SHAMAS )A/c Asset Decrease Credit (Cr.)

Bank A/c Asset Increase Debit (Dr.)

(h)
Capital A/c Capital Increase Credit (Cr.)

Cash A/c Asset Increase Debit (Dr.)

(i)
Ali A/c Liability Increase Credit (Cr.)

LUQMAN A/c Liability Decrease Debit (Dr.)

(j)
Cash A/c Asset Decrease Credit (Cr.)
 Solution: 2
ASSETS
EXPENSE INCREASE DEBIT CREDIT
DEBIT (Dr.)
Sr.# ACCOUNT HEAD LIABILITY & AMOUNT AMOUNT
CREDIT (Cr.)
INCOME DECREASE (Rs.) (Rs.)
CAPITAL
AHSAAN A/c Libility Decrease Dr 700
(a)
Cash A/c Asset Decrease Cr 700

Purchasing A/c Expense Increase Dr 200

(b)
Bank A/c Asset Decrease Cr 200

Purchasing A/c Expense Increase Dr 275

Submitted By: Muhammad Zaid
ARSLAN A/c Libility Increase Cr 275

Cash A/c Asset Increase Dr 500

(d)
Capital A/c Capital Increase Cr 500

Cash A/c Asset Increase Dr 200

(e)
WAHEED A/c Libility Increase Cr 200

Bank A/c Asset Increase Dr 50

(f)
SUNEEL A/c Asset Decrease Cr 50

ARSLAN A/c Libility Decrease Dr 60

(g)
Purchase Return A/c Expense Decrease Cr 60

Shop Premises A/c Asset Increase Dr 5000

(h)
Bank A/c Asset Decrease Cr 5000

Total 6985 6985

Solution:3
ASSETS
EXPENSE INCREASE DEBIT CREDIT
DEBIT (Dr.)
Sr.# ACCOUNT HEAD LIABILITY & AMOUNT AMOUNT
CREDIT (Cr.)
INCOME DECREASE (Rs.) (Rs.)
CAPITAL
Motor Van A/c Asset Increase Dr 500
(a)
Aslam A/c Libility Increase Cr 500

Danish A/c Libility Decrease Dr 1000

(b)
Cash A/c Asset Decrease Cr 1000

Purchasing A/c Expense Increase Dr 150

(c)
Bank A/c Asset Decrease Cr 150

Cash A/c Asset Increase Dr 5000

(d)
Capital A/c Capital Increase Cr 5000

Arif A/c Asset Increase Dr 100

(e)
Sales A/c Income Increase Cr 100

Sales Return A/c Income Decrease Dr 80

(f)
Arif A/c Asset Decrease Cr 80

Purchasing A/c Expense Increase Dr 200

(g)
Kashif A/c Libility Increase Cr 200

Drawing A/c Libility Decrease Dr 100

(h)
Cash A/c Asset Decrease Cr 100

Kashif A/c Libility Decrease Dr 190

(i)
Bank A/c Asset Decrease Cr 190

Total 7320 7320

 Submitted By: Muhammad Zaid
ASSETS
EXPENSE INCREASE DEBIT CREDIT
DEBIT (Dr.)
DATE ACCOUNT HEAD LIABILITY & AMOUNT AMOUNT
CREDIT (Cr.)
INCOME DECREASE (Rs.) (Rs.)
CAPITAL
2004 Bank A/c Assets Increase Dr 5000

June-01 Capital A/c Capital Decrease Cr 5000

Motor Van A/c Assets Increase Dr 1200

June-02
Bank A/c Assets Decrease Cr 1200

Office Fixtures A/c Assets Increase Dr 400

June-05
Young Ltd. A/c Libility Increase Cr 400

Motor Van A/c Assets Increase Dr 800

June-08
Super Motors A/c Libility Increase Cr 800

Cash A/c Assets Increase Dr 100

June-12
Bank A/c Assets Decrease Cr 100

Office furniture A/c Assets Increase Dr 60

June-15
Cash A/c Assets Decrease Cr 60

Super Motors A/c Libility Decrease Dr 800

June-19
Bank A/c Assets Decrease Cr 800

Cash A/c Assets Increase Dr 1000

June-21
Anwar A/c Libility Increase Cr 1000

Bank A/c Assets Increase Dr 800

June-25
Cash A/c Assets Decrease Cr 800

Office Fixtures A/c Assets Increase Dr 300

June-30
Bank A/c Assets Decrease Cr 300

Total 10460 10460

 Date
1-Mar-05
08-Mar

Solution:5
Submitted By: Muhammad Zaid
DEBIT CREDIT
DATE Particular L.F AMOUNT AMOUNT
(Rs.) (Rs.)
2005 Cash A/c 1000
Capital A/c 1000
March-01
(Business started with Cash )
Bank A/c 5000
March-02 Shahzad A/c 5000
(Loan Received from Shahzad)
Machinery A/c 60
March-03 Cash A/c 60
(Machinery Purchase form cash )
Office Equipment A/c 550
March-05 SUNDAR Ltd. A/c 550
(Office equipment Purchase on credit from sundar Ltd)
Cash A/c 300
March-08 Bank A/c 300
(Take money from bank)
Shahzad A/c 800
March-15 Bank A/c 800
(Shahzad return loan By Cheque)
SUNDAR Ltd. A/c 550
March-17 Bank A/c 550
(Paid Amount of Sundar Ltd. By cheque)
Shahzad A/c 100
March-24 Cash A/c 100
(Shahzad Repaid loan By Cash)
Machinery A/c 500
March-31 RAZA A/c 500
(Machinery Purchase on credit from RAZA )
Total 8860 8860
Question #5

Cash Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
1-Mar-05 Capital A/c 1,000 03-March Machinery A/c 60
08-Mar Bank A/c 300 17-March Shahzad A/c 100
Balance c/d 1,140

1,300 1,300

Capital Account
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
Balance c/d 1,000 01-March Cash A/c 1,000

1,000 1,000

Bank Account
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
02-Mar Shahzad A/c 5,000 08-March Cash A/c 300
15-March Shahzad A/c 800
17-March Sundar A/c 550
Balance c/d 3,350
5,000 5,000 -

Shahzad Account

Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)

15-Mar Bank A/c 800 02-March Bank A/c 5,000
24-Mar Cash A/c 100
Balance c/d 4,100
5,000 5,000 -

Machinery Account
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
03-Mar Cash A/c 60 Balance c/d 560
31-Mar Raza A/c 500

560 560

Office Equipment Account

Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
05-Mar Sundar Ltd A/c 550 Balance c/d 550

550 550

Sundar Account
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
17-Mar Bank A/c 550 05-March Office equipment A/c 550

550 550

Raza Account
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
Balance c/d 500 31-March Machinery A/c 500

500 500
Question #5

Trial Balance
As on March 31, 2005
S. No. Head of Accunts L.F Debit (Rs.) Credit (Rs.)
1 Cash A/c 1,140
2 Capital A/c 1,000
3 Bank A/c 3,350
4 Shahzad A/c 4,100
5 Machinery A/c 560
6 Office Equipment A/c 550
7 Raza A/c 500
5,600 5,600
Solution:6
Book of Ilyas
General Jounral
DEBIT CREDIT
DATE Particular L.F AMOUNT AMOUNT
(Rs.) (Rs.)
Bank A/cZaid
Submitted By: Muhammad 10,000
Capital A/c 10,000
July-01
(Business Started by Bank)
Cash A/c 400
July-02 COOPER A/c 400
(Loan from Cooper)
Purchase A/c 4,440
JONES A/c 840
July-03
CHARLES A/c 3,600
(Goods Purchase on Credit )
Cash A/c 200
July-04 Sales A/c 200
(Goods sold on Cash)
Bank A/c 250
July-06 Cash A/c 250
(Cash Deposit in Bank)
MOODY A/c 180
July-08 Sales A/c 180
(Goods sold on Credit)
NEWMAN A/c 220
July-10 Sales A/c 220
(Goods sold on Credit)
Purchase A/c 370
July-11 JONES A/c 370
(Goods Purchase on Credit )
Sales Return A/c 40
July-12 MOODY A/c 40
(Goods Return from Debtor)
MORGAN A/c 510
Goods Sale A/c 190
July-14
PEAT A/c 320
(Goods sold on Credit)
JONES A/c 140
July-15 Purchase Return A/c 140
(Goods return to Jones)
Motor Van A/c 2,600
July-17 MANCHESTER Motor A/c 2,600
(Motor Van purchase on Credit)
Office Furniture A/c 600
July-18 FASTER A/c 600
(Both Furniture on Credit)
CHRALEES A/c 110
July-19 Purchase Return A/c 110
(Goods Return to Creditor)
Purchase A/c 220
July-20 Cash A/c 220
(Goods Purchased on Cash)
Cash A/c 70
July-24 Sales A/c 70
(Goods sold on Credit)
JONES A/c 1,070
July-25 Bank A/c 1,070
(Paid to Creditor by Cheque)
Sales Return A/c 30
July-26 MORGAN A/c 30
(Sale Return to Morgan)
FASTER A/c 160
July-27 Purchase Return A/c 160
(Office Furniture return from Faster )
Cash A/c 500
July-28 Capital A/c 500
(Ilyas further cash add to the business)
MANCHESTER Motor A/c 2,600
July-29 Bank A/c 2,600
(Full paid Manchester Motor by Cheque)
Purchase office furniture A/c 100
July-31 Cash A/c 100
(Purchase office furniture on Cash)
Total 24,810 24,810
Solution:7
Book of Shahbaz
General Jounral
DEBIT CREDIT
DATE Particular L.F AMOUNT AMOUNT
(Rs.) (Rs.)
2007 Bank Account 50,000
Capital Account 50,000
October-01
(Business started by Bank)
Purchase Account 22,500
Submitted By: Muhammad Zaid SALMAN Account 22,500
(Goods purchase on credit)
Purchase Account 6,250
October-03 HASEEB Account 6,250
(Goods purchase on creditt)
Cash Account 4,500
October-06 Sale Account 4,500
(Goods sold on Cash )
SALMAN Account 1,000
October-07 Purchase Return Account 1,000
(Purchase return from creditor)
Purchase Account 4,750
October-09 HASEEB Account 4,750
(Goods Purchase on credit)
WASEEM Account 9,750
October-11 Sales Account 9,750
(Goods sold on Credit)
Cash Account 5,250
October-13 Sale Account 5,250
(Goods sold on Cash )
Bank Account 7,500
October-17 Cash Account 7,500
(Cash deposited into bank)
Machinery Account 13,750
October-20 Bank Account 13,750
(Purchase Machine by Cheque)
MUNEEB Account 5,500
October-23 Sale Account 5,500
(Goods sold on Credit)
Sale Return Account 3,500
October-25 WASEEM Account 3,500
(Goods return from debtor)
Sale Return Account 250
October-27 MUNEEB Account 250
(Goods return from debtor)
HASEEB Account 750
October-29 Purchase Return Account 750
(Goods return to debtor)
SALMAN Account 21,500
October-30 Bank Account 21,500
(we paid salman by cheque)
Machinery Account 6,750
October-31 LUQMAN Account 6,750
(Machine Purchased on Credit)
Total 163,500 163,500
Solution:8
Book of Azhar
General Jounral
DEBIT CREDIT
DATE Particular L.F AMOUNT AMOUNT
(Rs.) (Rs.)
Cash Account
Submitted By: Muhammad Zaid 135,000
Capital Account 135,000
June-01
(Started Business with Cash)
Purchase Account 26,640
June-02 AHMAD Account 26,640
(Goods bought on credit)
Rent Account 2,520
June-03 Cash Account 2,520
(Rent Paid by cash)
Bank Account 90,000
June-04 Cash Account 90,000
(Cash Deposit into bank)
ELAHI Account 4,860
June-06 Sale Account 4,860
(Goods sold on Credit)
Statoinary Account 1,350
June-08 Bank Account 1,350
(Bought Stationary by cheque)
Cash Account 4,410
June-10 Sale Account 4,410
(Sale on cash)
AHMAD Account 1,530
June-13 Purchase Return Account 1,530
(Goods return from creditor)
MASOOD Account 2,610
June-16 Sale Account 2,610
(Goods sold on Credit)
Reparing Account 1,620
June-19 Cash Account 1,620
(Repair Building by Cash)
Sale return Account 1,260
June-21 ELAHI Account 1,260
(Goods return from debtor)
AHMAD Account 25,110
June-26 Bank Account 25,110
(Full Paid Creditor by cheque)
Purchase Account 11,250
June-27 Cash Account 11,250
(Cash purchasing)
Motor Vehicle Account 35,550
June-28 Bank Account 35,550
(Bought Motor Vehicle by Bank)
Motor Expenses Account 1,350
June-29 Cash Account 1,350
(Motor Expenses paid by Cash)
Fixture Account 10,800
June-30 OSAMA Account 10,800
(Bought fixture on credit)
Total 355,860 355,860
 Question #8

Cash Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
1-Jun-20 Capital a/c 135,000 03-June Rent a/c 2,520
10-June Sale 4,410 04-June Bank 90,000
19-June Reparing 1,620
27-June Purchase 11,250
29-June Motor Expense 1,350
Balance c/d 32,670
139,410 139,410

Capital Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
Balance c/d 135,000 01-June Cash a/c 135,000

135,000 135,000

Purchase Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
2-Jun-20 Ahmad a/c 26,640 Balance c/d 37,890
27-Jun Cash 11,250
37,890 37,890

Ahmad Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
13-Jun-20 Purchase Return 1,530 02-June Purchase a/c 26,640
26-Jun Bank 25,110

Submitted By: Muhammad Zaid 26,640 26,640

Rent Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
3-Jun-20 Cash a/c 2,520 Balance c/d 2,520

2,520 2,520

Elahi Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
6-Jun-20 Sale 4,860 21-June Sale return 1,260
Balance c/d 3,600
4,860 4,860

Sale Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
Balance c/d 11,880 06-June Elahi 4,860
10-Jun-20 Cash 4,410
16-June Masood 2,610
11,880 11,880

Stationary Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
8-Jun-20 Bank 1,350 Balance c/d 1,350

1,350 1,350
 Bank Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
4-Jun-20 Cash 90,000 08-June Stationary 1,350
26-June Ahmad 25,110
28-June Motor Vehicle 35,550
Balance c/d 27,990
90,000 90,000

Purchase Return Accounts

Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
Balance c/d 1,530 13-Jun-20 Ahmad 1,530

1,530 1,530

Masood Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
16-Jun-20 Sale 2,610 Balance c/d 2,610

2,610 2,610

Reparing Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
19-Jun-20 Cash 1,620 Balance c/d 1,620

1,620 1,620

Sale Return Accounts

Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
21-Jun-20 Elahi 1,260 Balance c/d 1,260

1,260 1,260

Motor Vehicle Accounts

Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
28-Jun-20 Bank 35,550 Balance c/d 35,550

35,550 35,550

Motor Expenses Accounts

Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
29-Jun-20 Cash 1,350 Balance c/d 1,350

1,350 1,350

Fixture Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
30-Jun-20 Osama 10,800 Balance c/d 10,800

10,800 10,800

OSAMA Accounts
Date Particular R. Amount(Rs.) Date Particular R. Amount(Rs.)
Balance c/d 10,800 30-June Fixture 10,800

10,800 10,800
Question #8

Trial Balance
As on June 30, 2009
S. No. Head of Accunts L.F Debit (Rs.) Credit (Rs.)
1 Cash 32,670
2 Capital 135,000
3 Purchase 37,890
4 Rent 2,520
5 Elahi 3,600
6 Sale 11,880
7 Stationary 1,350
8 Bank 27,990
9 Purchase Return 1,530
10 Masood 2,610
11 Reparing 1,620
12 Sale Return 1,260
13 Motor Vehicle 35,550
14 Motor Expense 1,350
15 Fixture 10,800
16 Osama 10,800
159,210 159,210

Submitted By: Muhammad Zaid