Question No 05 Chapter No 11
Balance Method
5. The following balance were extracted from the book of Sheetal prasad as on 31st March,2018. prepare trail balance
| Ledger Account | Balance Rs | Ledger Account | Balance Rs |
| Capital account | 50,000 | Wages | 17,860 |
| Business premises | 35,000 | Insurance, rates etc | 1,370 |
| Furniture & fixtures | 13,500 | Rent received | 530 |
| Plant & machinery | 46,000 | Miscellaneous expenses | 1,480 |
| Purchases | 78,900 | Sundry debtors | 34,000 |
| Sales | 1,30,620 | Sundry debtors | 34,000 |
| Return inwards | 1,500 | Drawings | 3,000 |
| Return outward | 380 | Bills payables | 1,140 |
| Carriage inward | 230 | Cash in hand | 1,200 |
| Carriage outward | 120 | Bank overdraft | 28,800 |
| Discount received | 470 | Discount allowed | 540 |
The solution of Question No 05 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
| Capital | 50,000 | ||
| Wages | 17,860 | ||
| Business premises | 35,000 | ||
| Insurance rates etc. | 1,370 | ||
| Furniture & fixtures | 13,500 | ||
| Rent received | 530 | ||
| Plant & Machinery | 46,000 | ||
| Miscellaneous expenses | 1,480 | ||
| Purchases | 78,900 | ||
| Sundry Creditors | 22,760 | ||
| Sale | 1,30,620 | ||
| Sundry debtors | 34,000 | ||
| Return inwards | 1,500 | ||
| Drawings | 3,000 | ||
| Return outwards | 380 | ||
| Bills payable | 1,140 | ||
| Carriage inward | 230 | ||
| Cash in hand | 1,200 | ||
| Carriage outward | 120 | ||
| Bank overdraft | 28,800 | ||
| Discount received | 470 | ||
| Discount allowed | 540 | ||
| 2,34,700 | 2,34,700 | ||
To understand more about cash book please check out following links: –
Trial Balance | Explanation | Methods | Examples
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Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
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)
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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)
Chapter No. 18 – Financial Statements – (With Adjustments)
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