Question No 07 Chapter No 11 – USHA Publication 11 Class

Question No 07 Chapter No 11

Question No 07 Chapter No 11

Treatment of Closing stock

7. From the under mentioned balance of Sunil Dutti drawn on 31st March,2019, prepare a trail balance

Ledger Account Balance Rs  Ledger Account Balance Rs
Capital  50,000 Carriage outward 925
Closing stock 10,290 Import duty 1,600
Creditors 6,250 Export duty 17,265
Debtors 10,335 Wages 17,265
Fixed assets 39,500 Bills receivable 7,500
Purchases (Adjusted) 24,465 Bill payable 4,000
Sale 51,300 Rent received 1,900
Return inward 1,200 Interest paid  550
Return outward 615 Bank overdraft 5,500
Carriage inward 400 Cash in hand 190
Discount allowed  380 Commission received  435

 

The solution of Question No 07 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Capital     50,000
Closing stock     10,290
Creditors     6,250
Debtors   10,335  
Fixed assets   39,500  
Purchases (Adjusted)   28,465  
Sale     51,300
Return inward   1,200  
Return outward     615
Carriage inward   400  
Discount allowed   380  
Carriage outward   925  
Import duty   1,600  
Export duty   1,400  
Wages   17,265  
Bills receivable   7,500  
Bill payable     4,000
Rent received     1,900
Interest paid   550  
Bank overdraft     5,500
Cash in hand   190  
Commission received     435
    1,20,000 1,20,000

 

To understand more about cash book please check out following links: –

Trial Balance | Explanation | Methods | Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.