
Question No 16 Chapter No 11
16. From the following balance of Rahul Co., prepare trial balance as on 31st March,2018:
Salaries Rs 60,000; Sales Rs 2,50,000; Sales Return Rs 16,400; Stock (1.4.2017) Rs 25,500; Freight Rs 12,200; Purchases Rs 1,47,000; Purchases return Rs 6,600; Debtors Rs 22,200; Bad debts Rs 2,200; Machinery Rs 45,000; Output IGST Rs 10,600; Output CGST Rs 8,200; Output SGST Rs 8,200; Creditors Rs 33,300; Rent Received Rs 5,500; Capital Rs 15,500; Input IGST Rs 11,900; Bad debts Recovered Rs 4,700; Drawing Rs 9,000; Rent outstanding Rs 16,700; Rent Rs 50,000; Furniture Rs 11,800
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
|---|---|---|---|
| Salaries | 60,000 | ||
| Sales | 2,50,000 | ||
| Sale return | 16,400 | ||
| Opening stock | 25,500 | ||
| Freight | 12,200 | ||
| Purchases | 1,47,000 | ||
| Purchases return | 6,600 | ||
| Debtors | 22,200 | ||
| Bad debts | 2,200 | ||
| Machinery | 45,000 | ||
| Output IGST | 10,600 | ||
| Output CGST | 8,200 | ||
| Output SGST | 8,200 | ||
| Creditors | 33,300 | ||
| Rent Received | 5,500 | ||
| Capital | 1,10,000 | ||
| Telephone Expenses | 9,600 | ||
| Input IGST | 11,900 | ||
| Input CGST | 15,500 | ||
| Input SGST | 15,500 | ||
| Bad debts recovered | 4,700 | ||
| Drawings | 9,000 | ||
| Rent outstanding | 16,700 | ||
| Rent | 50,000 | ||
| Furniture | 11,800 | ||
| 4,53,800 | 4,53,800 | ||
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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.
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