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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 10 Chapter No 11
Correct of an Incorrect Trial balance
10.The following trial balance is prepared by an inexperienced accountant. Redraft it and comment:
| Ledger Account | Dr. Balance | Cr. Balance |
| Bank overdraft | 28,000 | |
| Cash in hand | 4,000 | |
| Purchases return | 8,000 | |
| Sundry expenses | 24,000 | |
| Sale return | 16,000 | |
| Salaries | 16,000 | |
| Purchases | 56,000 | |
| Sales | 88,000 | |
| Creditor | 24,000 | |
| Debtors | 16,000 | |
| Stock1.4.2018 | 20,000 | |
| Machinery & plant | 40,000 | |
| Capital account | 44,000 | |
| 1,92,000 | 1,92,000 |
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
|---|---|---|---|
| Bank overdraft | 28,000 | ||
| Cash in hand | 4,000 | ||
| Purchase return | 8,000 | ||
| Sundry expenses | 24,000 | ||
| Sales return | 16,000 | ||
| Salaries | 16,000 | ||
| Purchases | 56,000 | ||
| Sales | 88,000 | ||
| Creditor | 24,000 | ||
| Debtors | 16,000 | ||
| Opening stock | 20,000 | ||
| Machinery & plant | 40,000 | ||
| Capital account | 44,000 | ||
| 1,92,000 | 1,92,000 | ||
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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 10 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.
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