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Solve this CA CPT Question

CPT 4953 views 5 replies

Somebody please solve this CA CPT Model Test Paper 1 Question.

 

Mohan started business with Rs. 10,000 cash and Rs. 2,000 furniture. Sales amounted to Rs. 50,000 including Rs. 5,000 cash sales. Rs.10,000 sales were outstanding at the end of the year. Purchase amounted to Rs. 30,000 including Rs. 10,000 cash purchases. Rs. 15,000 has been paid to creditors. Expenses paid during the year Rs. 19,300. Trial Balance total will be-

(a) Rs. 67,000

(b) Rs. 70,000

(c) Rs. 75,000

(d) Rs. 80,000

 

Please tell me the Trial Balance total through both Debit and Credit sides..

Replies (5)

the answer is 67000

Yes, i knew answer is Rs. 67,000 but please tell me how. Please do the calculations here.

the calculations required by you are attached in the file.

Debit side of trial bal- Fur= 2000 + cash/bank = 5700+ Debtors = 10000 + Purchase= 30000 + Expenses = 19300 Total of debit side = 67000

Credit side of trial bal - Mohan capital = 12000+ Sale = 50000+ Creditors = 5000 Total of credit side = 67000

for solving this question you have to prepare cash / bank a/c, sales a/c , purchase a/c .

Cash in hand how come 5700


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