Adjusted Trial Balance
1. Consider the following unadjusted trial balance of a firm as on 31st Chaitra 2077:
Account Titles Debit (Rs.) Credit (Rs.)
Sundry assets 17,000 _
Wages 2,000 _
Purchases 9,000 _
Creditors _ 3,000
Capital _ 4,000
Sales _ 24,000
Prepaid salaries 3,000 _
31,000 31,000
Additional information:
i. Prepaid salaries Rs. 1,000 was expired.
ii. Outstanding wages Rs. 3,000.
Required: Adjusted trial balance.
(Ans: Adj. Rs. 4,000; ATB total Rs. 34,000)
2. The following unadjusted trial balance is provided:
Account Titles Dr. (Rs.) Cr. (Rs.)
Office equipment 120,000 _
Wages 2,600 _
Prepaid rent 4,800 _
Bills receivable 4,000 _
Cash at bank 17,800 _
Creditors _ 80,000
Capital _ 64,800
Service revenue _ 15,200
Drawing 2,000 _
Salaries 6,400 _
Sundry expenses 2,400 _
160,000 160,000
Adjustment:
i. Prepaid rent expired Rs. 1,200.
ii. Wages payable Rs. 1,000.
iii. Depreciation on office equipment 10%.
Required: (a) Entries for adjustments (b) Adjusted trial balance.
(Ans: Adj. Rs. 14,200; ATB total Rs. 1,61,000)
3. The unadjusted trial balance of a firm as on 31st Chaitra, last year is given below:
Account Titles Dr. (Rs.) Cr. (Rs.)
Capital _ 3,00,000
Sales _ 8,00,000
Bank loan _ 2,50,000
Creditors _ 50,000
Cash in hand 40,000 _
Debtors 60,000 _
Fixed assets 7,00,000 _
Office expenses 3,50,000 _
Salaries 2,50,000 _
14,00,000 14,00,000
Additional information:
i. Provide depreciation @10% p.a. on fixed assets.
ii. Salary due Rs. 10,000.
iii. Closing stock Rs. 20,000
Required: Adjusted trial balance.
(Ans: Adj. Rs. 100,000; ATB total Rs. 14,30,000
4. The following unadjusted trial balance and adjustments are given:
Account Heads Dr. (Rs.) Cr. (Rs.)
Cash in hand 26,000 _
Commission received _ 20,000
Furniture 25,000 _
Drawings 5,000 _
Prepaid wages 20,000 _
Prepaid rent 5,000 _
Salaries 20,000 _
Sales _ 56,000
Purchases 25,000 _
Capital _ 50,000
126,000 126,000
Additional information (Adjustment):
i. Depreciation on furniture was Rs. 7,500.
ii. Outstanding salary was Rs. 1,500.
iii. Prepaid wages in advance Rs. 2,000 was expired.
Required: Adjusted trial balance.
(Ans: Adj. Rs. 13,000; ATB total Rs. 129,500)
5. Consider the following trial balance of Doti Trading House for the year ended 31st Chaitra 2063.
Particulars Dr. (Rs.) Cr. (Rs.)
Capital _ 50,000
Loan _ 10,000
Machinery 65,000 _
Rent 8,000 _
Salary 10,000 _
Sales _ 80,000
Purchases 30,000 _
Cash 37,000 _
Sundry creditors _ 10,000
150,000 150,000
Additional information:
a. Depreciation on machinery Rs. 5,000.
b. Prepaid rent Rs. 2,000.
c. Outstanding salary Rs. 3,000.
Required: Adjusted Trial Balance.
(Ans: Rs. 1,53,000)
6. An unadjusted trial balance of ‘A’ trading concern is given below:
Particular Debit Rs. Particulars Credit Rs.
Land and building 400,000 Capital 425,000
Debtors 225,000 Creditors 120,000
Bank balance 145,000 Sales 515,000
Salary 80,000 Loan 250,000
Office expenses 40,000
Purchase 380,000
Cash 25,000
Prepaid insurance 15,000
Total 13,10,000 Total 13,10,000
Additional information:
a. Office expenses prepaid Rs. 3,000
b. Land appreciated by 10%
c. Salary outstanding Rs. 1,500
d. Bad debts written off Rs. 2,500
e. Prepaid insurance expire Rs. 10,000
Required: Adjusted Trial balance
7. A firm shows the following ledger balance as on 31st December.
Accounts Heads Debit Rs. Credit Rs.
Cash 12,000 _
Prepaid insurance 1,800 _
Account payable _ 8,000
Service revenue _ 69,000
Sundry expenses 11,200 _
Supplies 1,000 _
Equipment 21,000 _
Capital _ 20,000
Salaries 50,000 _
Total 97,000 97,000
Adjustments:
i. Salaries unpaid Rs. 1,000.
ii. Supplies on hand Rs. 600.
iii. Insurance expired Rs. 1,200.
iv. Depreciation on equipment Rs. 1,000.
Required: Adjusted trial balance.
(Ans: Rs. 98,000)
8. An unadjusted trial balance of a concern is given below:
Account Heads Debit Rs. Credit Rs.
Bank 20,000 _
Purchases 46,000 _
Debtors 22,000 _
Furniture 50,000 _
Salary 40,000 _
Prepaid rent 12,000 _
Sales _ 90,000
Capital _ 60,000
Creditors _ 40,000
Total 190,000 190,000
Additional information:
i. Salaries due Rs. 3,000.
ii. Depreciation on furniture to be provided at 10%.
iii. Prepaid rent expired to Rs. 2,000.
iv. Provision for bad and doubtful debt at 5%.
Required: Adjusted trial balance.
(Ans: Rs. 1,94,100)
