Question No 10 Chapter No 11
Correct of an Incorrect Trial balance
10.The following trial balance is prepared by an inexperienced accountant. Redraft it and comment:
| Ledger Account | Dr. Balance | Cr. Balance |
| Bank overdraft | 28,000 | |
| Cash in hand | 4,000 | |
| Purchases return | 8,000 | |
| Sundry expenses | 24,000 | |
| Sale return | 16,000 | |
| Salaries | 16,000 | |
| Purchases | 56,000 | |
| Sales | 88,000 | |
| Creditor | 24,000 | |
| Debtors | 16,000 | |
| Stock1.4.2018 | 20,000 | |
| Machinery & plant | 40,000 | |
| Capital account | 44,000 | |
| 1,92,000 | 1,92,000 |
The solution of Question No 10 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
| Bank overdraft | 28,000 | ||
| Cash in hand | 4,000 | ||
| Purchase return | 8,000 | ||
| Sundry expenses | 24,000 | ||
| Sales return | 16,000 | ||
| Salaries | 16,000 | ||
| Purchases | 56,000 | ||
| Sales | 88,000 | ||
| Creditor | 24,000 | ||
| Debtors | 16,000 | ||
| Opening stock | 20,000 | ||
| Machinery & plant | 40,000 | ||
| Capital account | 44,000 | ||
| 1,92,000 | 1,92,000 | ||
Trial Balance | Explanation | Methods | Examples
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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
Chapter No. 10 – Journal Proper
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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)