"Assigment Solution:-[Traial Balance Concept Related ]From the Following balances of Mr.SundarPichai[Google Young Ceo] Prepare TrialBalance as on 31-12-2017..ParticularsUSD$ParticularsUSD$Capital1,00,000$ Interest realized 400$Debtors29,000$ Creditors 12000$Bills Receivable9,600 $Commission Received1,200$Bills Payable8,000$ Drawings 10,000$Insurance 900 $Plant &Machinery 25,000$Salaries3,000$Salaries Out Standing2,400$Purchases1 ,50,000$ Rent1,600$Advertisements1,100$Stock50,000$Sales 1,80,000$ Bank Overdraft 20,000$Returns outwards 16,000$ Return inward20,000$Carriage6,000$Printing 2,000$Investments 10,400$Cash in hand10,000$Furniture 11,400$Solution:-Trial Balance Total Amount:--3,40,000 both debit and Credit items should Be equal..Solution :-Trial Balance of Mr.SundarPichai [Google Young Ceo] as on 31-12-2017ParticularsDebitCredit USD$ USD$Capital 1,00,000$Debtors29,000$Bills Receivable9,600$Bills Payable8,000$Insurance 900$Salaries3,000$Purchases 1,50,00$Advertisements1,100$Sales 1,80,000$ Returns outward 16,000$Carriage 6000$Invetments10,400$Furniture11,400$Interest Realised 400$Creditors12,000$Commission Received1,200$Drawings10,000$Plant and Machinary25,000$Salaries outstanding 2,400$Rent 1,600$Stock50,000$Bank overdraft20,000$Returns Inward20,000$Printing2,000$Cash in Hand 10,000$ ---------------------------------Total Amount3,40,0000 $ 3,40,000$-------------------------------- 2. Assignment Solution [Trading & Income Statement & Balance Sheet Concept]Prepare Trading and the Incomestatement[Profit & Loss Account], Balance SheetofDell Company Pvt Lmtd From The Following Trial Balance as on 31-12-2017Trial balance as on 31-12-2017Particulars Debit Credit (USD$) (USD$)Debtors12,000$Creditors 6,900$Capital30,000$Drawings 2,900$Rent & Taxes 250$Sundry Expenses 670$Purchases 8,640$Sales14,290$Purchase Returns 280$Sales Returns 190$Carriage Inward250$Wages 1,920$Salaries 1,200$Stock(1-1-2017)3,100$Discount180$Bad Debts200$Plant and Machinary2,510$Furniture 1,800$Cash in Hand500$Cash at Bank15,400$--------------- ------------51,710$ 51,710$ -------------- --------------Closing Stock (31-12-2017) – USD $ 4,220Solution:--Gross Profit(Transfer to Profit and Loss A/c) :--4,690$Trading Account Total Amt:-18,320$To Net profit (Transfer to Capital A/c):-2,430$Income Statement Total Amount (profit and lossTotal Amount):-4930$Balance Sheet Total:-36,430$ Solution:-Trading & Income statement(profit & loss) of Dell Company LTdfor the year ended31-12-2017ParticularsUSD$ USD$ Particulars USD$ USD$To Opening Stock3100$By Sales14,290$To Purchases8,640$ Less:-returns 190$Less:-returns280$ -------14,100$---------- 8,360$ By Closing Stock4,220$ To Carriage Inwards250$To Wages 1,920$To Gross Profit4,690$(Transfer to Income Statement-profit and loss Statement) ---------------------- 18,320$18,320$----------- -----------Income Statement (Profit and Loss Account)Dr.cr.Particulars (Expenses) USD$USD$ Particulars (incomes and Gains) USD$USD$To Rent and Taxes250$ By Gross Profit4,690$To Sundry Expenses 670$ By Discount240$To Salaries1,200$To Discount180$To Bad Debts200$To Net Profit(Transfer To Capital A/c) 2,430$ ------------ ------------- 4,930$4,930$---------- ----------- Balance Sheet of Dell Company ltd as on 31-12-2017LiabailitesUSD$ USD$ AssetsUSD$USD$Capital30,000$ Debtors 12,000$Less:-Drawings2,900$plant & Machinery 2,510$------------Furniture1,800$27,100$ Cash In Hand500$Add:-NetProfit2,430$Cash at Bank 15,400$ ------------ 29,530$ Closing Stock4,220$Creditors 6,900$ --------------------------36,430$36,430$ --------------------------2. Assigment Solution [Ledger Concept]-Journalise the following transactions and post them into Ledger and Extract the balances.2017 March 1Captial brought into the business50,000$2017 March 4Sold Goods to Ajay12,000$2017 March 6Purchases from Sanjay10,000$2017 March 7 Sold Goods to paul for Cash8,000$2017March 9Bought Goods From John 2,000$2017March 10 paid For Freight500$2017March 12 Cash Received From Richards5,000$2017March 15 Paid Salaries To Reddy 2500$2017March 18Loan Given to Ramarao1,000$2017 March 22 Sales 1500$2017 March 24 Rent 2000$Solutions:-Cash Account :--Total :-64500$ Balance C/d:- 58,500$Capital Account:-Total :-- 50,000$ Balance b/d:--50,000$Ajay Account :-- Total :- 12,000$ Balance b/d- 12,000$Sales Account-Total:- 21,500$ Balance b/d: 21500$Purchases Account Total :- 12,000$ Balance b/d:-12,000$Sanjay Account:- Total:-10,000$ Balance b/d:-10,000$John Account: Total :-2000$Balance B/d:-2000$Freight Account:- Total :-500$Balance b/d:-500$Richards A/c:-Total :-5000$ Balance B/D-5,000$ "