1. Create a company NOBLE SPORTS AGENCY (F.

Y: 2010-2011)
Address: 1, San Francisco Street, Parrys, Chennai -600001.
Maintain: Accounts with Inventory
2. 01/04/10 Rohit started a business by bringing in Cash Rs. 2, 00,000.
3. 02/04/10 He opened Canara Bank account for official transactions with Cash Rs. 1, 00,000.
4. 04/04/10 Purchased the following items from Sharath Agencies on 15 days credit period
Items Quantity Rate Amount
Cricket Bats 200Nos 225.00 45,000
Hockey Sticks 100Nos 150.00 15,000
5. 05/04/10 He bought the following goods from Ayush Sports. On 10days credit.
Items Quantity Rate Amount
Cricket Balls 200Nos 100.00 20,000
Foot Balls 150Nos 120.00 18,000
6. 07/04/10 Incurred Conveyance Expenses in Cash Rs. 650
7. 08/04/10 Purchased a Vacuum Cleaner for the Shop from Teja & IT on credit for Rs. 3,500.
8. 10/04/10 Sold the following goods in Cash:
Items Quantity Rate Amount
Cricket Bats 50Nos 275.00 13,750
Cricket balls 50Nos 125.00 6,250
9. 12/04/10 Sold the following items to Priya Sports on 7 day’s credit:
Items Quantity Rate Amount
Cricket Bats 50Nos 300.00 15,000
Cricket balls 50Nos 150.00 7,500
10. 15/04/10 Paid Rs. 38,000 by cheque to Ayush Sports against purchases made on 05/04/10.
11. 16/04/10 Sold the following items to Army School on 7days credit:
Items Quantity Rate Amount
Cricket Bats 50Nos 290.00 14,500
Cricket balls 50Nos 175.00 8,750
12. 17/04/10 Purchased the following items from Wicket Pvt. Ltd. On 10 days credit:
Items Quantity Rate Amount
Foot Balls 100Nos 125.00 12,500
Stumps 400Nos 80.00 32,000
13. 18/04/10 Paid Rs. 60,000 by cheque to Sharath Agencies against purchases made on 04/04/10.
14. 18/04/10 He received a cheque for Rs. 22,500 from Priya Sports against sales made on 12/04/10.
15. 20/04/10 He received a cheque for Rs. 23,250 from Army School against sales made on 16/04/10.
16. 24/04/10 Bought Furniture for office use worth Rs. 50,000 from Anisha Mart. On credit
17. 25/04/10 Paid Rs. 3,500 for Miscellaneous Expenses by Cash.
18. 26/04/10 Sold the following goods for cash:
Items Quantity Rate Amount
Foot Balls 100Nos 152.50 15,250
Stumps 150Nos 100.00 15,000
Cricket Balls 25Nos 170.00 4,250
19. 26/04/10 Paid by cheque Rs. 44,500 to Wickets Pvt., Ltd. towards purchases made on 17/04/10.
20. 27/04/10 Paid Rs. 500 for stationery expenses by Cash.
21. 28/04/10 Withdrew cash of Rs. 20,000 for personal use.
22. 30/04/10 Paid Salaries to staff amounting to Rs. 3,000 by Cash.

[Ans: Trail Balance Rs. 3, 53,750.00]