Question No 06 Chapter No 11
Treatment of Closing stock
6. From the following of Parveen Bobby drawn on 31st March,2019 draw up a trial balance:
| Ledger Account | Balance Rs | Ledger Account | Balance Rs |
| Capital | 80,000 | Purchases | 1,00,700 |
| Bad debts recovered | 2,500 | Stock on 1.4.2018 | 24,500 |
| Creditors | 12,500 | Drawing | 6,000 |
| Debtors | 75,800 | Discount allowed | 400 |
| Stock on 21.3.2019 | 12,000 | Bank deposits | 27,500 |
| Return outward | 3,500 | Salaries | 8,500 |
| Bills payable | 13,500 | Trade expenses | 3,000 |
| Sales | 1,46,900 | Bank overdraft | 15,700 |
| Return inward | 4,500 | Rent paid | 3,600 |
| Cash | 2,100 | Furniture | 18,000 |
The solution of Question No 06 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
| Capital | 80,000 | ||
| Bad debts recovered | 2,500 | ||
| Creditors | 12,500 | ||
| Debtors | 75,800 | ||
| Return outward | 3,500 | ||
| Bill payable | 13,500 | ||
| Sale | 1,46,900 | ||
| Return inward | 4,500 | ||
| Cash | 2,100 | ||
| Purchases | 1,00,700 | ||
| Stock on 1.4.2018 | 24,500 | ||
| Drawings | 6,000 | ||
| Discount allowed | 400 | ||
| Bank deposits | 27,500 | ||
| Salaries | 8,500 | ||
| Trade expenses | 3,000 | ||
| Bank overdraft | 15,700 | ||
| Rent paid | 3,600 | ||
| Furniture | 18,000 | ||
| 2,74,600 | 2,74,600 | ||
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)
Chapter No. 9 – Other Subsidiary Books
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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)