Question No 02 Chapter No 11 – USHA Publication 11 Class

Question No 02 Chapter No 11

Question No 02 Chapter No 11

Balance Method

2. From the following balance of Sonia Kapoor prepare a trial balance as on 31st March

Ledger Account Balance Rs  Ledger Account Balance Rs
Land and Building 4,00,000 Capital 5,79,600
Machinery 1,50,000 Drawings 8,900
Security Deposit(Cr) 30,000 Interest on loan 3,500
Tanveer(Dr) 24,500 Bank loan 35,000
Tabussam (Cr) 18,800 Patent Rights 23,000
Purchases 2,10,000 Purchases Return 9,000
Opening stock 96,200 Cartage 1,500
Sales 3,05,000 Commission(Cr) 7,500
Sale Return 9,500 Rent Outstanding 13,000
Sadig(Cr) 31,100 Salaries 47,000
Nazma(Dr) 14,600 Furniture 24,000
Bank (Dr) 19,000 Mudassar (Cr) 19,300
Carriage outward 2,800 Discount Allowed 4,500
Discount received  3,100 Rameez(Dr) 12,400

 

The solution of Question No 02 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Land and Building   4,00,000  
Capital     5,79,600
Machinery   1,50,000  
Drawing   8,900  
Security Deposit(Cr)     30,000
Interest on loan   3,500  
Bank loan     35,000
Patent Rights   23,000  
Purchases   2,10,000  
Purchase Return     9,000
Opening Stock   96,200  
Cartage   1,500  
Sales     3,05,000
Commission (Cr)     7,500
Sale Return   9,500  
Rent Outstanding     13,000
Salaries   47,000  
Furniture   24,000  
Bank (Dr)   19,000  
Carriage outward   2,800  
Discount allowed   4,500  
Discount received     3,100
Sundry Debtors   51,500  
Sundry Creditor     69,200
    10,51,400 10,51,400

 

To understand more about cash book please check out following links: –

Trial Balance | Explanation | Methods | Examples

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. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.