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: –

  • 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)

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