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Question No 10 Chapter No 11 – USHA Publication 11 Class

Question No 10 Chapter No 11
Q-10 - CH-11 - USHA +1 Book 2020 - Solution

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Question No 10 Chapter No 11

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Correct of an Incorrect Trial balance

10.The following trial balance is prepared by an inexperienced accountant. Redraft it and comment:

Ledger AccountDr. Balance Cr. Balance
Bank overdraft28,000 
Cash in hand  4,000
Purchases return 8,000 
Sundry expenses24,000 
Sale return  16,000
Salaries16,000 
Purchases56,000 
Sales 88,000
Creditor 24,000
Debtors16,000 
Stock1.4.2018 20,000
Machinery & plant  40,000
Capital account 44,000 
 1,92,0001,92,000

 

The solution of Question No 10 Chapter No 11: –

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Trail Balance A/c 
Particulars
J.F.DebitCredit
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
  1,92,0001,92,000

 

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

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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)

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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

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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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