Monday, November 4, 2013

JUNIOR INTER COMMERCE PREVIOUS QUESTION PAPERS (2010-2013)



JUNIOR INTER ACCOUNTS REVISION PROBLEMS
JOURNAL
1.       Journalise the following transactions.                                                                                     MAY-2013
A.      Paid to stationery    Rs. 4000
B.      Sold goods to Srinivas Rs. 6000 on cash
C.      Received commission by cheque Rs. 1500
D.      Bought furniture Rs. 10000
2.       Journalise the following transactions.                                                                                     MAR-2013
A.      Commenced business with cash Rs. 50000
B.      Sold goods to Ramana Rs. 25000
C.      Purchased goods from Kiran Rs. 5000
D.      Paid salaries Rs. 2000
3.       Journalise the following transactions.                                                                                     MAY-2012
A.      Harini commenced business with cash Rs. 100000
B.      Purchased furniture Rs.30000
C.      Sold goods to Krushi Rs. 10000
D.      Rent paid Rs. 5000
4.       Journalise the following transactions.                                                                                     MAR-2012
A.      Cash brought into the business Rs. 100000
B.      Sold goods to Ramana Rs. 25000
C.      Purchased goods from Venkat Rs. 5000
D.      Salaries paid Rs. 20000
5.       Journalise the following transactions.                                                                                     MAY-2011
A.      Raju started business with Rs. 50000
B.      Purchased goods from Sunil Rs. 10000
C.      Sold goods to Ravi Rs. 12000
D.      Discount paid Rs. 5000
6.       Journalise the following transactions.                                                                                     MAR-2011
A.      Venkat started business Rs. 50000
B.      Cash sales Rs. 5000
C.      Purchased goods from Dinesh Rs. 2000
D.      Paid salaries Rs. 3000
7.       Journalise the following transactions.                                                                                     MAY-2010
A.      Started business with cash Rs. 300000
B.      Bought goods Rs. 20000
C.      Received interest Rs. 900
D.      Paid commission Rs. 300
8.       Journalise the following transactions.                                                                                     MAR-2010
A.      Cash brought into the business Rs. 50000
B.      Sold goods to Ashok Rs. 10000
C.      Purchased goods from Ravi Rs. 5000
D.      Paid wages Rs. 1000
9.       Journalise the following transactions.                                                                                     Model-I
A.      Harini commenced business with cash Rs. 100000
B.      Purchased furniture Rs. 30000
C.      Sold goods to Krishi Rs. 10000
D.      Rent paid Rs. 5000
10.   Journalise the following transactions.                                                                                     Model –II
A.      Raju started business with Rs. 50000
B.      Purchased goods from Sunil Rs. 10000
C.      Sold goods to Rao Rs. 12000
D.      Discount paid Rs. 5000
LEDGER
1.       Prepare Thanuja Account from the following particulars.                                                               May- 2013
a.       Bought goods from Thanuja Rs. 10000
b.      Goods sold to Thanuja Rs. 8000
c.       Purchased from Thanuja Rs. 2600
d.      Goods returned to Thanuja Rs. 1000
e.      Sales made to Thanuja Rs. 3000
f.        Cash received from Thanuja Rs. 4000
2.       Prepare Sunitha account from the following particulars.                                                                Mar-2013
a.       Sales to Sunitha Rs. 28000
b.      Cash received from Sunitha Rs. 2500
c.       Returned goods by Sunitha Rs. 600
d.      Cheque received from Sunitha Rs. 14400
e.      Discount paid to Sunitha Rs. 1000
f.        Sales to Sunitha Rs. 3500
g.       Sold goods to Sunitha for cash Rs. 2000
3.       Prepare Kiran account from the following particulars.                                                     May – 2012
a.       Amount due to Kiran Rs. 20000
b.      Goods purchased from Kiran Rs. 25000
c.       Goods returned to Kiran Rs. 5000
d.      Cash paid to Kiran Rs. 8000
e.      Goods purchased from Kiran Rs. 15000
f.        Amount payable to Kiran settled with cheque.
4.       Prepare Vijay account from the following particulars.                                                      Mar – 2012
a.       Bought goods from Vijay Rs. 5000
b.      Sold goods to Vijay Rs. 10000
c.       Cheque received from Vijay Rs. 7000
d.      Returned goods to Vijay Rs. 500
e.      Bought goods from Vijay Rs. 3000
f.        Cash paid to Vijay Rs. 2000
5.       Prepare Raghava account from the following particulars                                                                May – 2011
a.       Purchased goods from Raghava Rs. 25000
b.      Cheque received from Raghava Rs. 5000
c.       Sold goods to Raghava Rs. 15000
d.      Goods returned to Raghava Rs. 1000
e.      Purchased goods from Raghava Rs. 5000
f.        Cash paid to Raghava Rs. 2000
6.       Prepare Ramu account from the following paritulars.                                                      Mar – 2011
a.       Sold goods to Ramu Rs. 14000
b.      Cash received from Ramu Rs. 1250
c.       Ramu returned goods Rs. 300
d.      Cheque received from Ramu Rs. 7200
e.      Sold goods to Ramu Rs. 1750
f.        Cash sales to Ramu Rs. 1000
7.       Prepare Gopal account from the following particulars                                                    
a.       Balance due from Gopal Rs. 1200
b.      Purchased goods from Gopal Rs. 500
c.       Sold goods to Gopal Rs. 900
d.      Paid cash to Gopal Rs. 400
e.      Received cash from Gopal Rs. 600

SUBSIDIARY BOOKS
1.       Prepare Subsidiary books with the following information.                                             May- 2013
a.       Goods sold to Lakshmi Rs. 15000
b.      Sales made to Vasumathi Rs. 10000
c.       Goods sold to Kumari Rs. 9000
d.      Goods returned by Vasumathi Rs. 800
e.      Goods returned from Lakshmi Rs. 1000
f.        Goods sold to Arun Rs. 12000 received cash.
2.       Enter the following transaction in the proper subsidiary books                                   Mar-2013
a.       Purchased goods from Bhavana Rs. 4000
b.      Sold goods to Ankitha Rs. 3000
c.       Purchased from Sahithi Rs. 5000
d.      Sold goods to Vani Rs. 6000
e.      Purchased from Meghana Rs. 8000
f.        Sold goods to Sunil Rs. 2000
3.       Prepare subsidiary books from the following.                                                                     May-2012
a.       Sold goods to Sai Traders Rs. 100000
b.      Sold goods to Naresh and Brothers Rs. 15000
c.       Sold goods to Sharma and company Rs. 12000
d.      Sai Traders returned goods Rs. 1400
e.      Sharma and company returned goods Rs. 1200
4.       Record the following transactions in proper subsidiary books.                                     Mar-2012
a.       Purchased goods from Madhuri Rs. 4000
b.      Sold goods to Swathi Rs. 3000
c.       Purchased goods from Vikas Rs. 5000
d.      Sold goods to Vani Rs. 6000
e.      Purchased goods from Usha Rs. 8000
f.        Sold goods to Harika Rs. 2000
5.       Record the following transactions in proper subsidiary books.                                     May-2011
a.       Purchased goods from Krishna Rs. 18000
b.      Sold goods to Rama Rs. 15000
c.       Purchases from Jaipal Rs. 5000
d.      Returned goods to Krishna Rs. 200
e.      Goods returned by Rama Rs. 150
f.        Sold goods to Sravani Rs. 5000
g.       Purchased from Sunil Rs. 2000
h.      Sold goods to Kavya Rs,. 3000
6.       Pre the subsidiary books from the following information.                                             Mar-2011
a.       Goods purchased from Krishna Rs. 7000
b.      Goods sold to Ramesh Rs. 10000
c.       Goods purchased from Mahesh Rs. 8400
d.      Goods sold to Pavan Rs. 13200
e.      Goods purchased from Hari Rs. 4000
f.        Goods sold to Pratap Rs. 5000
7.       Prepare Purchase book and purchase returns books.                                                      May-2010
a.       Purchased goods from Ram Rs. 1500
b.      Bought goods from Suresh Rs. 1000
c.       Bought goods from Kiran Rs. 1200
d.      Returned goods to Kiran Rs. 200
e.      Purchased goods from Kumar Rs. 900
f.        Returned goods to Kumar Rs. 100
8.       Record the following transactions in proper Subsidiary books.                                    Mar-2010
a.       Sold goods to Rama Rs. 8000
b.      Purchases from Krishna Traders Rs. 6000
c.       Sold goods to Ravi Kumar Rs. 4000
d.      Purchases from Prakash Rs. 10000 (Trade discount 10%)
e.      Purchases from Sri Hari Rs. 5000
f.        Goods purchased on cash Rs. 6000
9.       Prepare Purchases book from the following particulars.                                                
a.       Purchased goods from Ramesh (Trade discount 5%) Rs. 1200
b.      Purchased goods from Govind Rs. 1500
c.       Purchased goods from Suresh Rs. 400
d.      Purchases Rs. 600
e.      Purchased goods from Ravi Rs. 1000
RECTIFICATION OF ERROS
1.       Rectify the following Errors.                                                                                                                May-2012
a.       Sales book was overcast by Rs. 1000
b.      Interest paid Rs. 89was wrongly credited as Rs. 98 in the books.
c.       Furniture sold Rs. 3500 was posted in sales book.
d.      Amount paid to Karthik Rs. 500 was wrongly posted in Keerthi’s account.
e.      Sold goods worth Rs. 4000 to Haritha not entered in the books.
2.       Rectify the following errors.                                                                                                                May-2011
a.       Machinery purchased Rs. 5000 debited to Purchases account.
b.      Salaries paid to Bhaskar debited to Bhaskar account Rs. 15000
c.       Rs. 5000 was paid as Rent, debited to wages account.
d.      Rs 1000 paid to Rama Rao debited to Ranga Rao account.
3.       Rectify the following errors before preparing the Trial Balance.                          May-2010
a.       Total of sales book overcast by Rs. 200
b.      Machinery purchased Rs. 2500 was posted on the debit side of purchase account.
c.       Sold goods to Lal debited to cash account.
d.      Purchase returns Rs. 300 to Shyam wrongly entered in sales returns book.
e.      Rent paid to landlord wrongly debited to his personal account Rs. 1000
4.       After preparation of Trial Balance, rectify the following errors.                           Mar-2010
a.       Received cash from Ravi  Rs. 200 has been posted to his account as Rs. 120
b.      Goods sold to Rakesh Rs. 100 were omitted to be entered in his account.
c.       Credit side of Hari’s account was overcast by Rs. 20
d.      Goods returned from Ramesh Rs. 35 was not posted to his account.
e.      Sales book undercas by Rs 350
    BANK RECONCILIATION STATEMENT
1.       Prepare Bank Reconciliation Statement as on 31.3.2012 of Mr. Rajesh                     May-2013
a.       Balance as per cash book Rs. 200000
b.      Cheque deposited Rs. 40000, it is not collected on due date.
c.       Cheque issued 25000, it is present for payment on 2.4.2012
d.      A customer directly deposited in Rajesh account Rs. 24000
e.      Bank had collected interest on Investment Rs. 10000, but it is not entered in cash book.
f.        Bank charges Rs. 2000 debited in Pass Book only.
2.       Prepare a BRS of Mr. Reddy as on 31.12.2011                                                                      Mar-2013
a.       Balance as per cash book Rs. 11700
b.      A customer had directly deposited an amount into bank Rs. 2000
c.       Interest credited in the pass book only Rs. 500
d.      Cheque issued but not presented for cash Rs. 2500
e.      Bank charges debited in the  pass book only Rs. 100
f.        Cheques deposited but not collected Rs. 4000
3.       The balance as per the cash book of Mythri and company as on 31.12.08 was Rs. 14905. On comparing the cash book balance with the pass book balance, the following difference were noticed. Prepare a BRS as on that date and how the pass book balance.                  May-2012
a.       Bank paid Rs. 1100 towards insurance premium as per standing instructions.
b.      Cheques received Rs. 1015 entered in the cash book, but were not sent to the bank.
c.       Cheque for Rs. 4390 was issued to Murthy, but was not presented for payment before 31.12.08.
d.      Cheques amounting to Rs. 1200 were deposited in the bank but only cheques worth Rs. 700 were collected before 31.12.08.
e.      A customer had directly deposited Rs. 1000 in the bank, for which there is no entry in cash book.
4.       Mr. Raju, a trader found Rs. 18000 overdraft balance in his pass book on 31.12.2010. Prepare a BRS from the following particulars.                                                                                      March-2012
a.       Cheques issued but not cashed Rs. 1500
b.      Cheques deposited but not collected Rs. 6000
c.       Bank charges not recorded in Cash Book Rs. 500
d.      Interest on overdraft debited in pass book only Rs. 150
e.      Cheques sent for collection but dishonoured Rs. 1200
f.        Interest on investments not recorded in the cash book Rs. 2000
5.       Bank balance as per cash book Rs. 17100 as on 31.12.09. On comparing the cash book with the pass book the following discrepancies were noted. Prepare a BRS showing balance as per pass book.                                                                                                                                                   May-2011
a.       Cheques deposited in Bank but not credited Rs. 4500
b.      Bank charges Rs. 100 debited in pass book only
c.       Cheques issued but not yet presented for payment Rs. 3500
d.      Interest credited by the Bank in pass book only Rs. 1500
e.      Directly deposited by a customer in the Bank Rs. 4000
6.       Prepare BRS of Mr. Murthy as on 31.03.2010.                                                                      March-2011
a.       Overdraft as per cash book Rs. 15000
b.      Directly deposited by a customer in our bank account Rs. 4000
c.       Interest credited in the pass book only Rs. 1000
d.      Cheques issued but not yet presented for payment Rs. 5000
e.      Bank charges debited in pass book only Rs. 200
f.        Cheques deposited in bank but not credited Rs. 8000
7.       Prepare BRS as on 30.6.2008 of Mr. A                                                                                      May – 2010
a.       Overdraft balance as per cash book Rs. 4000
b.      Cheques deposite but not collected till the date Rs. 900
c.       Cheques issued but not presented for payment Rs. 700
d.      Bank charges Rs. 50, interest on overdraft Rs. 100 debited in pass book.
e.      Bank paid insurance premium directly Rs. 200
8.       Mr. Balu, a trader found Rs. 12000 overdraft balance in his pass book on 31.12.06. Prepare a BRS from the following information.                                                                                                       March-2010
a.       Cheques issued but not cashed Rs. 800
b.      Cheques deposited, but not collected Rs. 2600
c.       Bank charges not recorded in cash book Rs. 260
d.      Interest on overdraft debited in pass book only Rs. 60
e.      Cheque sent for collection, but dishonoured Rs. 800
f.        Interest on investments not recorded in cash book Rs. 660
9.       Cash book shows a balance of Rs. 10600. Comparing the Cash book with the pass book, the following discrepancies were noted.                      
a.       Cheques issued but not presented for payment Rs. 800
b.      Cheques deposited in bank but not collected Rs. 1100
c.       Bank charges Rs. 75                                                      Prepare a BRS showing balance as per bass book.
THREE COLUMN CASH BOOK
1.       From the following particulars prepare Three Column Cash Book.                             May- 2013
1.       Cash in hand Rs. 18000, cash at bank Rs. 10000
3.Cash purchases Rs. 4200
5.       Goods sold to Prasad Rs. 6000
8. Cash 3800, cheque Rs. 2100 received from Prasad , discount Rs. 100
(Cheque deposited into bank)
10.Cash paid into bank Rs. 6000
12. Telephone charges paid by cheque Rs. 600
16.Paid to Murthy by cheque Rs. 1800, discount Rs. 200
21.Rent received Rs. 1900
28.Drew from bank for office use Rs. 3000
31.Salary paid Rs. 200


2.       Prepare a Three Column cash book of Mr. Ramesh from the following information.  
1.    Cash in hand Rs. 1000, cash at bank Rs. 2000                                                               March-2013
5.    Cash sales rs. 900
7.    Paid to Giri by a cheque Rs. 800, discount received Rs. 100
13.  Received cash from Kumar Rs. 500, cheque Rs. 300 and discount Rs. 50
        (Cheque  deposited in bank)
18.  Withdrew cash from bank for office use Rs. 555
23.  Paid salaries by cheque Rs. 400
3.       Prepare a three column cash book of Aditya Traders from the following information.
1.       Cash in hand Rs. 10000, cast at bank Rs. 1000                                                                         May-2012
3.    Deposited in bank Rs. 5000
5.    Purchases by cheque Rs. 3000
8.    Cash sales Rs. 5000
12.  Paid cash to Sruthi Rs. 800, discount received Rs. 100
               14. Commission received Rs. 1000
              18.  Received cash from Prakash Rs. 1500, discount given Rs. 200             
22.  Cash withdrawn from bank for office use Rs. 800
24.  Paid salaries by cheque Rs. 1000
26.  Paid rent Rs. 1000
4.       Prepare Three Collumn cash book from the following particulars.                                    March-2012
1.       Cash in hand Rs. 20000, cash at bank Rs. 5000
3.    Salaries paid Rs. 6000
5.    Cash deposited into bank Rs. 5000
7.    Cash sales Rs. 30000
9.    Cash received from Ravi Rs. 1900, discount Rs. 100
12.  Sold goods and received a cheque Rs. 10000(Deposited in the same day)
16.  Purchased furniture and issued a cheque Rs. 1000
18.  Paid to Mohan by cheque Rs. 1800, received discount Rs. 200
25.  Withdrew cash from bank for personal use Rs. 2000
         5. Prepare Three Column Cash Book from the following particulars.                                                        May-2011
                1.Cash in hand Rs. 10000, cash at bank Rs. 25000
                5. Sales Rs. 9000
                8. Issued a cheque to Anjali Rs. 8000, discount Rs. 200
                12. Received cash from Jagan Rs. 5000
                15. Received cheque from Jagan Rs. 3000, discount Rs. 150 (deposited into bank)
                18. Cash withdrawn for office use Rs. 2500
                25. Paid salaries by cheque Rs. 4000
                28. Purchases Rs. 10000
                30. Cash deposited in bank Rs. 2000
        6.  Prepare Triple Column Cash book from the following particulars.                                      March-2011
                1. Cash in hand Rs. 2000, bank Rs. 3000
                 4.  Cash sales Rs. 1900
 7. Deposited cash into bank Rs. 1000
 9. Issued a cheque to Ramu Rs. 800, discount Rs. 100
11 Receied cash from Reddy Traders Rs. 1500, cheque Rs. 1300, discount Rs. 150(Cheque deposited with bank)
15. Cash withdrawn from bank for office use. Rs. 555
31. Paid salaries by cheque Rs. 1400
7. Prepare a Three Column Cash Book from the following particulars.                      May- 2010
1. Cash in hand Rs. 8000, cash at bank Rs. 5800
5. Cash sales Rs. 4200
9. Issued cheque to B Rs. 2900, discount Rs 100
13. Cash deposited in bank Rs. 2200
16. Received cheque from Krishna Rs. 1400, discount Rs. 40
19. The above cheque deposited in bank
25. Cash withdrawn from bank for office use Rs. 900
31. Issued a cheque for salaries Rs. 1200
     8. Prepare a Three column cash book from the following particulars.                                  March-2010
                1. Cash in hand Rs. 10000
                5. Cash at bank (Overdraft) Rs. 2500
                7. Paid wages Rs. 3000
                9. Cash deposited into bank Rs. 4000
                12. Cash sales Rs. 15000
                17. Sold goods and received a cheque Rs. 10000(Deposited on the same day)
                25. Sold goods to Hari on Credit Rs. 20000
                28. Withdrawn cash from bank for personal use Rs. 2000

TRIAL BALANCE
1.       Prepare Trial balance                                                                                                              May- 2013
Bills Receivable Rs.8000, Bills payable Rs. 11600, Capital Rs. 48000, Purchases Rs. 35000, sales Rs. 58000, Furniture Rs. 35000, Machinery Rs. 39600
2.       Prepare Trial Balance.                                                                                                            May-2012
Capital Rs. 50000, Bills payable Rs. 30000, Bills receivable Rs. 45000, Machinery Rs. 30000, Purchases Rs. 100000, Sales Rs. 75000, Purchase returns Rs. 20000
3.       Prepare Trial Balance                                                                                       March, 2013, March- 2012
Bills receivable Rs. 2000, Sales Rs. 2400, Purchase returns Rs. 600, Bills payable Rs. 1600, Purchases Rs. 6000, Capital Rs. 3800, Sales returns Rs. 400
4.       Prepare Trial balance.                                                                                                              May- 2011 
Capital Rs. 100000, cash Rs. 50000, furniture Rs. 25000, debtors Rs. 15000, creditors Rs. 10000, buildings Rs. 20000
5.       Prepare Trial balance.                                                                                                            March - 2011
Cash Rs. 20000, Capital Rs.60000, Sales Rs. 30000, Purchases Rs. 40000, Salaries Rs. 15000, Debtors Rs. 25000, Creditors Rs. 9000, Bank overdraft Rs. 1000
6.       Prepare a Trial Balance.                                                                                                         March- 2010
Bills receivable Rs. 4000, Sales Rs. 4800, Purchase returns Rs. 1200, purchases Rs. 3200, Purchases Rs. 12000, Capital Rs. 7600, Sales returns Rs. 800.
JOURNAL PROPER
1.       Write the Opening Entry from the following.                                                               May- 2013
Cash Rs. 10000, bank Rs. 15000, debtors Rs. 17000, furniture Rs. 22000, Machinery Rs. 40000, Bills receivable Rs. 13500, Bank overdraft Rs. 10000, creditors Rs. 40000
2.       Write Opening Journal Entry from the following particulars.                                 March- 2013
Cash Rs. 6000, debtors Rs. 8000, Machinery Rs. 16000, Bills payable Rs. 3000, Bills receivable Rs. 4000, buildings Rs. 24000, creditors Rs. 4000
3.       Write the opening entry for the following.                                                                   May- 2012
Cash in hand Rs. 8000, debtors Rs. 10000, Machinery Rs. 20000, Bills payable Rs. 5000, Bills receivable Rs. 6000, Buildings Rs. 30000, creditors Rs. 10000
4.       Record the opening journal entry from the following particulars.                       March- 2012
Cash in hand Rs. 6000, furniture Rs. 10000, stock Rs. 8000, debtors Rs. 30000, creditors Rs. 20000, machinery Rs. 14000, bills payable Rs. 12000.
5.       Record the opening journal entry from the following particulars.                       May – 2011
Cash in hand Rs. 10000, cash at bank Rs. 20000, debtors Rs. 80000, creditors Rs. 60000, Machinery Rs. 20000, bills payable Rs. 10000, buildings Rs. 50000.
6.       From the following balances, write opening entry.                                                   March- 2011
Cash in hand Rs. 20000, cash at bank Rs. 50000, debtors Rs. 6000, creditors Rs. 8000, bills receivable Rs. 10000, furniture Rs. 7000, bills payable Rs. 4000.
7.       Write up the Opening Entry. Ledger balances as on 1.1.2008:                               May- 2010
Cash Rs. 3000, land and buildings Rs. 300000, furniture Rs 27000, debtors Rs. 10000, creditors Rs. 5000, bank overdraft Rs. 15000
8.       Record the Opening Journal Entry from the following particulars.
Cash in hand Rs. 2000, bank Rs. 10000, stock Rs. 6000, machinery Rs. 18000, debtors Rs. 8000, creditors Rs. 20000, buildings Rs. 20000, furniture Rs. 2000, bills payable Rs. 12000

                                    FINAL ACCOUNTS
1.       From the following Trial Balance of Mr. Ganesh, prepare the Trading, Profit and loss account and Balance Sheet for the year ended 31.3.2011.                                                                           May- 2013
          Trial Balance as on 31.3.2011
                Cash in hand                    1000                       Sales                                                      107700
                Cash at bank                   2500                       Capital                                                    80000
                Purchases                      65000                            Purchase returns                                 1000
                Sales returns                    1900                            Interest                                                 900
                Wages                             3000                          Creditors                                               10000
                Salaries                           4500                            Bills payable                                         20000
                Advertisement                 2000                            Discount                                                  2000
                Insurance                                                              2100
                Furniture                                                             15000
                Opening Stock                                                   35000
                Machinery                                                          50000
                Debtors                                                              20000
                Carriage inwards                                                 1100
                Carriage outwards                                             2000
                Rent and taxes                                                    1500
                Drawings                                                               5000
                Bills Receivable                                                 10000
                                                                                                                                                                                                                     Total                     221600                Total                     221600
                Adjustments:
a.       Value of stock as on 31.3.2011 is Rs. 26800
b.      Outstanding wages Rs. 1500, salaries Rs. 1900
c.       Prepaid Insurance Rs. 300
d.      Depreciate Furniture by 5% and Machinery by 10%
e.      Write off bad debts Rs. 1000 and provide bad debts reserve 5%.
2.       From the following Trial Balance of Mr. Ramarao, prepare final accounts on 31.12.2011
                                               Trial Balance as on 31.12.2011                                   March - 2013
Cash in hand                                                      540        Sales                                                  258780
Bank balance                                                     12630    Returns outward                                     1500
Purchases                                                        140675     Creditors                                               6300
Returns inward                                                    2680       Capital                                                   82000
Wages                                                               20480
Fuel                                                                     4730
Carriage outward                                                 3200
Carriage inward                                                    2040
Opening Stock                                                   25760
Buildings                                                              50000
Machinery                                                          20000
Patents                                                                 7500
Salaries                                                               15000
General expenses                                                13000
Insurance                                                                600
Drawings                                                             15245
Debtors                                                               14500
                                Total                                     348580     Total                                     348580
Adjustments:
a.       Closing stock Rs. 26800
b.      Depreciate machinery by 10%, patents by 20%
c.       Outstanding salaries Rs. 1500
d.      Prepaid insurance Rs. 170
e.      Create 5% reserve for bad debts on debtors .
3.       From the following Trial Balance of Mr. Kapil, prepare final accounts on 31.03.2009
                                        Trial Balance as on 31.3.2009                                     May - 2012
Salaries                                                                 6000             Sales                                   47000
Purchases                                                            22000             Creditors                             10000
Wages                                                                   7800           Capital                                  25000
Carriage on purchases                                             400          Bills payable                             5800
Office expenses                                                       500
Commission                                                            600
Debtors                                                               30000
Furniture                                                               3000
Machinery                                                          10000
Insurance                                                                400
Bills Receivable                                                   2000
Cash balance                                                        1100
Bank balance                                                       4000
                                Total                               87800                    Total                              87800
Adjustments:
a.       Outstanding wages Rs. 2000 and outstanding salaries Rs. 1000
b.      Prepaid insurance rs. 50
c.       Create 5% reserve for bad debts on debtors.
d.      Depreciate furniture by Rs. 150 and machinery by Rs. 500.
e.      Closing stock Rs. 11000
4.       From the following Trial Balance of Mr. Kapil, prepare final accounts on 31.12.2010
                                             Trial Balance as on 31.12.2010                                   March - 2012
Salaries                                                                 24000       Sales                                    188000
Purchases                                                           104000       Capital                                  100000
Trade Expenses                                                      4000       Discount                                      800
Wages                                                                  31200    Creditors                                    84000
Carriage                                                                 1600      Bills Payable                              27200
Office expenses                                                       2000                    
Commission                                                            2400
Bad debts                                                               4800
Debtors                                                              120000
Furniture                                                               12000
Machinery                                                             40000
Insurance                                                                 1600
Bills Receivable                                                        8000
Opening Stock                                                        28000
Cash in hand                                                             2000
Cash at bank                                                           14400                                                                                                          400000                                            400000                      
Adjustments:
a.       Closing stock Rs. 44000
b.      Outstanding wages Rs. 8000
c.       Prepaid Insurance Rs. 200
d.      Provide bad debts reserve 5%.
e.      Depreciation on machinery and furniture is 5%
5.       From the following Trial Balance of Mr. Kapil, prepare final accounts on 31.12.2010
                                                                        Trial Balance as on 31.03.2010                                           May - 2011
Cash                                                                      13500             Sales                             130000
Factory insurance                                                    2000              Bills payable                      8500
Audit charges                                                          1500              Capital                             60000
Goodwill                                                              22000               Commission received         7500
Wages                                                                    5000               Return outwards                2000
Debtors                                                                 30000             Interest received                 5000
Opening stock                                                        12000            Outstanding salaries            2500
Machinery                                                              35500            Creditors                          20000
Purchases                                                               95000                  
Carriage inwards                                                      2500
Salaries                                                                  12500
Office rent                                                                5000
Rent paid in advance                                                 1000
                                                                             235500                                           235500               Adjustments:
a.       Closing stock Rs. 16800
b.      Interest on capital 9%, is to be provided.
c.       Write off Rs. 2000 as bad debts and provide 5% Reserve for doubtful debts.
d.      Outstanding wages Rs. 1000
6.       From the following Trial Balance of Mr. Kapil, prepare final accounts on 31.12.2009

                                                Trial Balance as on 31.03.2010                                      March – 2011
                Particulars                                                                           Debit                             Credit
Cash                                                                                                      2540                                  -------
Cash at bank                                                                                      10630                                    -------
Purchases                                                                                           140675                                  -------
Sales                                                                                                      ---------                           258780
Returns                                                                                                2680                                       1500
Wages                                                                                                  22480                                 -------
Fuel & power                                                                                 2730                                -------
Carriage on sales                                                                                   3200                                  -------
Carriage on purchases                                                                          2040                                    -------
Stock (1.1.2009)                                                                                25760                                    -------
Buildings                                                                                              50000                                  -------
Machinery                                                                                          20000                                  --------
Patents                                                                                                7500                                    --------
Salaries                                                                                              15000                                 --------
General expenses                                                                                13000                                --------
Insurance                                                                                                600                               --------
Drawings                                                                                             15245                              --------
Capital                                                                                                  -------                            82000
Debtors, creditors                                                                               14500                                 6300
                                                                Total                                   348580                           348580
Adjustments:
a.       Closing stock Rs. 26800
b.      Depreciate 10% on machinery and 20% on patents.
c.       Outstanding salaries Rs. 1500
d.      Prepaid insurance Rs. 170
e.      Provide 5% bad debts reserve on debtors.
7.       From the following Trial Balance of Mr. Kapil, prepare final accounts on 31.12.2008
 Trial Balance as on 31.12.2008                           May – 2010
                Particulars                                                                 Debit                                     Credit
Purchase, sales                                                                                 60000                                82000
Returns                                                                                            2000                                     3000
Drawings, capital                                                                                3000                                 60000
Advertisement                                                                                   2000
Salaries                                                                                              4200
Carriage inwards                                                                                1800
Customs duties                                                                                     500
Wages                                                                                               2400
Buildings                                                                                              80000
Furniture                                                                                               4000
Rent                                                                                                                                                 600
Discount                                                                                                  800                                   400
Debtors, Creditors                                                                                21300                              11000
Bank Loan                                                                                                                                    25000
                                                Total                                                  182000                                 182000
Adjustments:
a.       Rent accrued Rs. 400
b.      Outstanding wages Rs. 300, salaries Rs. 300
c.       Depreciation on buildings 5%, furniture 10%
d.      Closing stock Rs. 4000
e.      Bad debts Rs. 300, Provision for bad debts 5% maintained.
8.       From the following Trial Balance of Mr. Kapil, prepare final accounts on 31.12.2005
                                                                        Trial Balance as on 31.03.2010                                           Mar - 2010
Salaries                                                                 12000      Capital                                     50000
Purchases                                                              52000      Sales                                       94000
Trade expenses                                                        2000      Discount                                      400
Wages                                                                  15600       Creditors                                 42000
Carriage                                                                    800      Bills payable                              13600
Office expenses                                                       1000    
Commission                                                             1200
Bad debts                                                                2400
Debtors                                                                  60000
Furniture                                                                   6000
   Machinery                                                            20000
  Insurance                                                                  800 
  Bills Receivable                                                        4000
   Opening stock                                                       14000
   Cash in hand                                                           1000
   Cash at bank                                                          7200 
                                                                             200000                                                    200000
                Adjustments:
a.       Closing stock Rs. 22000
b.      Outstanding wages Rs. 4000
c.       Prepaid insurance Rs. 100
d.      Provide bad debts Reserve at 5%
e.      Depreciation on machinery and furniture by 5%.