Question No 05 Chapter No 11 – USHA Publication 11 Class

Question No 05 Chapter No 11

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: –

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)

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