Question No 06 Chapter No 10

Question No 06 Chapter No 10

06.The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form :−

Name of AccountsDr.Cr.
Land and Building1,20,000 
Plant and Machinery92,000 
Discount Allowed  1,620
Discount Received730 
Sales 2,40,000
Return Inwards 6,500
Return Outwards3,370 
Opening Stock15,000 
Creditors 20,000
Carriage on Sales 3,280
Carriage on Purchase2,800 
General Expenses6,100 
Cash in Hand2,400 
Bank Overdraft12,100 
Capital 1,54,000
Drawings 4,800

The solution of Question No 06 Chapter No 10: –

Trail Balance A/c 
Land & Building A/c 1,20,000 
Plant & Machinery A/c 92,000 
Wages A/c 18,200 
Discount Allowed A/c 1,620 
Discount Received A/c  730
Purchases A/c 1,26,000 
Sales A/c  2,40,000
Return Inwards A/c 6,500 
Return Outwards A/c  3,370
Opening Stock A/c 15,000 
Debtors A/c 30,000 
Creditors A/c  20,000
Carriage on Sales A/c 3,280 
Carriage on Purchases A/c 2,800 
Insurance A/c 1,500 
General Expenses A/c 6,100 
Cash in Hand A/c 2,400 
Bank Overdraft A/c  12,100
Capital A/c  154,000
Drawings A/c 4,800 

Trial Balance | Explanation | Methods | Examples

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

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