Page 126 - DMGT104_FINANCIAL_ACCOUNTING

Financial Accounting

Notes Trial Balance
(As on July, 31, 2011)
S. No. Particulars Amount (Dr.) Amount (Cr.)
( ) ( )
Capital A/c ---- 10,500
Cash A/c 2,040 ---
Bank A/c 7,000 ---
Purchases A/c 910 ---
Sales A/c ---- 600
Office Furniture A/c 400 ----
Trade Expenses A/c 100 ----
Wages A/c 50 ----
Rent A/c 100 ----
Interest on Capital A/c 500 ----
Discount A/c 10 10
Total 11,110 11,110

Illustration 2: From the following ledger accounts of Kalkaji Ltd. prepare Trial Balance for year
2010-2011 by (i) total method (ii) combined method (both balance method and total method):
Cash A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2011 2011
Jan. 1 Capital A/c 50,000 Jan. 2 Bank A/c 40,000
Jan. 28 Ranjeet 9,900 Jan. 12 Freight A/c 200
Jan. 31 Salary A/c 3,000
Jan. 31 Rent A/c 2,400
59,900 45,600

Bank A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2011 2011
Jan. 2 Cash A/c 40,000 Jan. 8 Furniture A/c 12,000
Jan. 14 Sales A/c 16,000 Jan. 10 Purchases A/c 20,000
Jan. 20 Vikas 12,000
Jan. 31 Drawings 4,000
56,000 48,000

Furniture A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
( ) ( )
2011
Jan. 8 Bank A/c 12,000
12,000

120 LOVELY PROFESSIONAL UNIVERSITY