Question No 06 Chapter No 11 – USHA Publication 11 Class

Question No 06 Chapter No 11

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. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

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

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 

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

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

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