Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 22 Chapter No 11
Miscellaneous Problems
22.From the following details taken from the books of Rajesh Khanna, prepare a trial balance as on 31st March 2019
| Ledger Account | Balance Rs | Ledger Account | Balance Rs |
| Purchases less return | 85,000 | Production expenses | 6,400 |
| Net sales | 1,12,600 | Royalty on production | 2,100 |
| Machinery | 65,000 | Royalty on sale | 2,900 |
| Depreciation on machinery | 9,000 | Brokerage on sales | 3,000 |
| Trade expenses | 15,000 | Investment in shares | 15,000 |
| Livestock | 24,500 | Packing expenses | 1,500 |
| Leasehold premises | 1,00,000 | Capital | 1,86,900 |
| Discount on purchases | 7,000 | Loss on sales of machinery | 7,000 |
| Bills payable | 18,000 | Miscellaneous incomes | 9,400 |
| Legal charges | 9,500 | Dividend receive | 8,000 |
| Deposited with Gautam | 20,000 | Provision of dep. On machinery | 24,000 |
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
|---|---|---|---|
| Purchases less return | 85,000 | ||
| Net sales | 1,12,600 | ||
| Machinery | 65,000 | ||
| Depreciation on machinery | 9,000 | ||
| Trade expenses | 15,000 | ||
| Livestock | 24,500 | ||
| Leasehold premises | 1,00,000 | ||
| Discount purchases | 7,000 | ||
| Bills payables | 18,000 | ||
| Legal charges | 9,500 | ||
| Deposited with Gautam | 20,000 | ||
| Productive expenses | 6,400 | ||
| Royalty on production | 2,100 | ||
| Royalty on sales | 2,900 | ||
| Brokerage on sales | 3,000 | ||
| Investment in shares | 15,000 | ||
| Packing expenses | 1,500 | ||
| Capital | 1,86,900 | ||
| Loss on sale of machinery | 7,000 | ||
| Miscellaneous incomes | 9,400 | ||
| Dividend received | 8,000 | ||
| Provision for depreciation on machinery | 24,000 | ||
| 3,65,900 | 3,65,900 | ||
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 22 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 22 Chapter No 11 - USHA Publication 11 Class" instantly.
