Question No 10 Chapter No 11 – USHA Publication 11 Class

Question No 10 Chapter No 11

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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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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