Question
Explain process of accounting.
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| Name of A/c | Amt.(Rs.) | Name of A/c | Amt.(Rs.) |
| Capital account | $2,10,400$ | $10 \%$ government securities | $25,000$ |
| Drawings account | $10,000$ | Opening stock | $75,000$ |
| Debtors | $43,750$ | Purchase account | $73,250$ |
| Creditors | $35,600$ | Sales account | $1,06,000$ |
| Cash | $88,050$ | Purchase return account | $9250$ |
| Furniture | $25,000$ | Sales return account | $6250$ |
| Bank balance | $39,900$ | Goods withdrawn for personal use | $5000$ |
| Commission received | $1500$ | Bank loan | $25,000$ |
| Bank commission | $350$ | Discount allowed | $5000$ |
| Electricity expenses | $6200$ | Discount received | $1500$ |
| Wages | $1500$ | Carriage | $1000$ |
| Salary | $5000$ | Loss due to fire | $3000$ |
| Goods destroyed by fire | $15,000$ | Telephone expenses | $1000$ |
| Trial balance as at 31-3-19 | |||
| Name of Account (Debit balance) |
Amt. (₹) | Name of Account (Credit balance) |
Amt. (₹) |
| Capital | $78,200$ | Drawings | $2000$ |
| Stock of goods | $21,300$ | Carriage inward | $540$ |
| Sales | $56,000$ | Discount received | $1050$ |
| Goods returned debit | $5600$ | Bad debts reserve | $1200$ |
| Debtors | $17,000$ | Bad debts | $500$ |
| Wages | $1600$ | General reserve | $1500$ |
| Stationery expense | $1400$ | Goodwill | $25,000$ |
| Sales-return | $2300$ | Purchase | $45,000$ |
| Commission | $4700$ | Furniture | $18,950$ |
| Interest received | $390$ | Discount allowed | $3650$ |
| 1,88,490 | 99,390 | ||
| $2016$ | ||
| April | $1$ | Opening cash balance $Rs. 6000$ |
| Opening bank balance $Rs. 5000$ | ||
| $3$ | Goods of $Rs. 10,000$ sold to Pankaj for cash at $10 \%$ trade discount. | |
| $5$ | Goods of $Rs. 3000$ purchased for cash from Janki. | |
| $7$ | Cash of $Rs. 1500$ is deposited in the bank. | |
| $9$ | Stationery expenses of $Rs. 1000$ and salary of $Rs. 3000$ paid by cheque. | |
| $11$ | $Rs. 1100$ paid towards shop rent. | |
| $14$ | Cheque of $Rs. 3000$ received from Yesha, which is immediately deposited in the bank. | |
| $17$ | $Rs. 1000$ withdrawn from the bank to pay fire insurance premium. | |
| $21$ | Furniture of $Rs. 800$ purchased for household and cheque for the necessary amount is issued from the bank account of the business. | |
| $23$ | Fire insurance premium paid. | |
| $27$ | Placed an order with Akbarbhai for supply of goods of $Rs. 5000.$ | |
| Name of Account | Amt. (₹) | Name of Account | Amt. (₹) |
| Stationery expense | $1750$ | General reserve | $2450$ |
| Creditors | $2500$ | Goodwill | $10,200$ |
| Carriage | $1350$ | Telephone expense | $700$ |
| Repairing | $5900$ | Outstanding wages | $2000$ |
| Goods destroyed by fire | $5500$ | Opening stock | $3750$ |
| Interest received | $1550$ | Bad debts return | $3500$ |
| Royalty | $3100$ | Rent payable | $1000$ |
| Provident fund | $9500$ | Bank balance | $1250$ |
| $1$ | Goods of $Rs.500$ ruined in rain, $Rs.200$ are realized by selling it. |
| $2$ | Goods of $Rs.300$ received as free sample. |
| $3$ | Goods of $Rs.250$ was received as free sample sold for $Rs.400.$ |
| $4$ | A mobile of $Rs.1,500$ purchased against exchange of goods of $Rs.1,000.$ |