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Question No 05 Chapter No 11 – USHA Publication 11 Class

Question No 05 Chapter No 11
Q-05 - CH-11 - USHA +1 Book 2020 - Solution

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Question No 05 Chapter No 11

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Balance Method

5. The following balance were extracted from the book of Sheetal prasad as on 31st March,2018. prepare trail balance

Ledger AccountBalance Rs Ledger AccountBalance Rs
Capital account50,000Wages17,860
Business premises35,000Insurance, rates etc1,370
Furniture & fixtures13,500Rent received 530
Plant & machinery46,000Miscellaneous expenses1,480
Purchases78,900Sundry debtors34,000
Sales1,30,620Sundry debtors34,000
Return inwards1,500Drawings3,000
Return outward380Bills payables1,140
Carriage inward230Cash in hand 1,200
Carriage outward120Bank overdraft28,800
Discount received 470Discount allowed540

 

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The solution of Question No 05 Chapter No 11: –  

Trail Balance A/c 
Particulars
J.F.DebitCredit
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 
  2,34,7002,34,700

 

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. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

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Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

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Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

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Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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