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Question No 25 Chapter No 11
Miscellaneous Problems
25.From the following balances extracted from the books of Meera Chitkara as on March 2019, prepare a trial balance:
| Ledger Account | Balance Rs | Ledger Account | Balance Rs |
| Meera’s capital | 1,51,600 | Livestock | 18,000 |
| 6% bank loan | 60,000 | Patent right | 25,000 |
| Interest on bank loan | 2,400 | Provision for doubtful debts | 6,000 |
| 8% of investments | 40,000 | Book debts | 70,000 |
| Interest on investment | 2,000 | Rent from subletting | 7,000 |
| Sale of old paper | 700 | Rent | 18,000 |
| Deposit with supplier | 12,000 | Wages & salaries | 24,000 |
| Claim recoverable | 9,000 | Purchases | 80,000 |
| Sundry expenses | 2,500 | Sales | 90,000 |
| Consultancy fee paid | 4,400 | Stock(1.4.2018) | 12,000 |
The solution of Question No 25 Chapter No 11: -
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
|---|---|---|---|
| Meera’s Capital | 1,51,600 | ||
| 6% bank loan | 60,000 | ||
| Interest on bank loan | 2,400 | ||
| 8% investment | 40,000 | ||
| Interest on investment | 2,000 | ||
| Sale of old papers | 700 | ||
| Deposit with suppliers | 12,000 | ||
| Claim recoverable | 9,000 | ||
| Sundry expenses | 2,500 | ||
| Consultancy fee paid | 4,400 | ||
| Livestock | 18,000 | ||
| Patent right | 25,000 | ||
| Provision for doubtful debts | 6,000 | ||
| Book debts | 70,000 | ||
| Rent from subletting | 7,000 | ||
| Rent | 18,000 | ||
| Wagers & salaries | 24,000 | ||
| Purchases | 80,000 | ||
| Sales | 90,000 | ||
| Stock(1.4.2018) | 12,000 | ||
| 3,19,300 | 3,19,300 | ||
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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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