From the following balances extracted from the books of Raju a trader on automobiles, prepare trial balance as on 31st March, 2017.
| Particulars | ₹ | Particulars | ₹ |
|---|---|---|---|
| Cash in hand | 5,800 | Direct expenses | 5,000 |
| Discount received | 500 | Carriage outwards | 3,500 |
| Creditors | 16,000 | Capital | 45,000 |
| Buildings | 50,000 | Purchases | 45,700 |
| Opening stock | 8,000 | Sales | 56,400 |
OR
From the following information, prepare the necessary subsidiary books for Nalanda Book Stores.
2017
Dec. 1 Bought from M/s. Uma Devi on credit
100 copies Business Statistics Book @ ₹80 each
100 copies Accountancy Book @ ₹180 each
Dec. 7 Sold to Sridevi & Co. on credit
200 copies Business Statistics @ ₹90 each
250 copies Accountancy books @ ₹170 each
Dec. 10 Bought from Subha & Co.
40 Copies Economics books @ ₹80 each
Less: 15% Trade Discount
Dec. 15 Returned to M/s. Uma Devi 10 copies of damaged Accountancy book for which cash is not received
Dec. 18 Sold to Gupta Bros. on credit
200 copies of Economics book @ ₹85 each
Dec. 25 Returned 6 copies of Economics books to Subha & Co.
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Start your 14-day free trial to unlock the full solution →(a) Raju's trial balance totals Dr ₹1,18,000 / Cr ₹1,17,900 (short by ₹100 as printed — flagged). (b) OR — Nalanda's subsidiary books: Purchases book ₹28,720, Sales book ₹77,500, Purchases returns book ₹2,208 (no sales returns arise).
(a) Trial Balance of Raju as on 31st March 2017
| Particulars | Debit ₹ | Credit ₹ |
|---|---|---|
| Cash in hand | 5,800 | |
| Buildings | 50,000 | |
| Opening stock | 8,000 | |
| Direct expenses | 5,000 | |
| Carriage outwards | 3,500 | |
| Purchases | 45,700 | |
| Discount received | 500 | |
| Creditors | 16,000 | |
| Capital | 45,000 | |
| Sales | 56,400 | |
| Total | 1,18,000 | 1,17,900 |
[!NOTE]
Data inconsistency (honest flag): with the figures exactly as printed, the debit total (₹1,18,000) exceeds the credit total (₹1,17,900) by ₹100, so the trial balance does not agree. A correct trial balance would tally; the ₹100 gap indicates one printed amount is slightly mis-stated in the paper. Figures are shown unchanged.
(b) OR — Subsidiary Books of Nalanda Book Stores (December 2017)
Purchases Book
| Date | Particulars | Details ₹ | Amount ₹ |
|---|---|---|---|
| Dec 1 | M/s. Uma Devi — 100 Business Statistics @ ₹80 = 8,000; 100 Accountancy @ ₹180 = 18,000 | 26,000 | 26,000 |
| Dec 10 | Subha & Co. — 40 Economics @ ₹80 = 3,200 less 15% TD 480 | 2,720 | 2,720 |
| Total (Purchases A/c Dr) | 28,720 |
Sales Book
| Date | Particulars | Details ₹ | Amount ₹ |
|---|---|---|---|
| Dec 7 | Sridevi & Co. — 200 Business Statistics @ ₹90 = 18,000; 250 Accountancy @ ₹170 = 42,500 | 60,500 | 60,500 |
| Dec 18 | Gupta Bros. — 200 Economics @ ₹85 | 17,000 | 17,000 |
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