Question 23 of 32
Q.
(a) The following balances are extracted from the books of Ravichandran on 31st December, 2016. Prepare the Trial Balance.
| Particulars | Rs. | Particulars | Rs. |
|---|---|---|---|
| Capital | 1,50,000 | Sales | 75,000 |
| Debtors | 22,800 | Return inwards | 1,000 |
| Rent Received | 500 | Discount Allowed | 800 |
| Bank Overdraft | 3,100 | Discount Received | 1,000 |
| Creditors | 5,500 | Wages | 2,900 |
| Premises | 1,46,000 | Salaries | 3,500 |
| Opening Stock | 10,000 | Commission Paid | 1,100 |
| Purchases | 45,000 | General expenses | 2,000 |
OR
(b) Prepare bank Reconciliation statement from the following data and find out the balance as per Cash book as on 31st March, 2018.
| Particulars | Rs. |
|---|---|
| (i) Bank balance as per bank statement | 15,000 |
| (ii) Cheques issued but not yet presented for payment | 2,500 |
| (iii) Bank charges not recorded in the cash book | 250 |
| (iv) Interest charged by bank not recorded in the cash book | 500 |
| (v) Bank paid insurance premium as per standing instruction but not recorded in the cash book | 300 |
| (vi) Cheques deposited but not yet credited | 900 |
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 5mImportance★★★★★
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Start your 14-day free trial to unlock the full solution →(a) Trial Balance agrees at Rs. 2,35,100. (b) Starting from bank statement balance Rs. 15,000, the cash book balance is Rs. 14,450.
(a) Trial Balance of Ravichandran as on 31 December 2016
| Particulars | Debit (Rs.) | Credit (Rs.) |
|---|---|---|
| Capital | 1,50,000 | |
| Debtors | 22,800 | |
| Rent Received | 500 | |
| Bank Overdraft | 3,100 | |
| Creditors | 5,500 | |
| Premises | 1,46,000 | |
| Opening Stock | 10,000 | |
| Purchases | 45,000 | |
| Sales | 75,000 | |
| Return Inwards | 1,000 | |
| Discount Allowed | 800 | |
| Discount Received | 1,000 | |
| Wages | 2,900 | |
| Salaries | 3,500 | |
| Commission Paid | 1,100 | |
| General Expenses | 2,000 | |
| Total | 2,35,100 | 2,35,100 |
(b) Bank Reconciliation Statement as on 31 March 2018 (to find the Cash Book balance)
| Particulars | Plus (Rs.) | Minus (Rs.) |
|---|---|---|
| Balance as per Bank Statement | 15,000 | |
| Less: Cheques issued but not yet presented (cash book already reduced) | 2,500 | |
| Add: Bank charges not recorded in cash book | 250 |
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