Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Advertisement
Advertisement
Advertisement
Advertisement
Question No 06 Chapter No 11
Treatment of Closing stock
6. From the following of Parveen Bobby drawn on 31st March,2019 draw up a trial balance:
| Ledger Account | Balance Rs | Ledger Account | Balance Rs |
| Capital | 80,000 | Purchases | 1,00,700 |
| Bad debts recovered | 2,500 | Stock on 1.4.2018 | 24,500 |
| Creditors | 12,500 | Drawing | 6,000 |
| Debtors | 75,800 | Discount allowed | 400 |
| Stock on 21.3.2019 | 12,000 | Bank deposits | 27,500 |
| Return outward | 3,500 | Salaries | 8,500 |
| Bills payable | 13,500 | Trade expenses | 3,000 |
| Sales | 1,46,900 | Bank overdraft | 15,700 |
| Return inward | 4,500 | Rent paid | 3,600 |
| Cash | 2,100 | Furniture | 18,000 |
The solution of Question No 06 Chapter No 11: -
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
|---|---|---|---|
| Capital | 80,000 | ||
| Bad debts recovered | 2,500 | ||
| Creditors | 12,500 | ||
| Debtors | 75,800 | ||
| Return outward | 3,500 | ||
| Bill payable | 13,500 | ||
| Sale | 1,46,900 | ||
| Return inward | 4,500 | ||
| Cash | 2,100 | ||
| Purchases | 1,00,700 | ||
| Stock on 1.4.2018 | 24,500 | ||
| Drawings | 6,000 | ||
| Discount allowed | 400 | ||
| Bank deposits | 27,500 | ||
| Salaries | 8,500 | ||
| Trade expenses | 3,000 | ||
| Bank overdraft | 15,700 | ||
| Rent paid | 3,600 | ||
| Furniture | 18,000 | ||
| 2,74,600 | 2,74,600 | ||
To understand more about cash book please check out following links: -
https://tutorstips.com/trial-balance/
Thanks, Please Like and share with your friends
Comment if you have any question.
Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 06 Chapter No 11 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 06 Chapter No 11 - USHA Publication 11 Class" instantly.
