Question No 11 Chapter No 11
Correct of an Incorrect Trial balance
11.The following trail balance of Durlabh Singh, Although it adds upto the same total both sides is incorrect:
| Ledger Account | Dr. Balance | Cr. Balance |
| Captal1st April,2018 | 8,950 | |
| Drawing | 1,050 | |
| Stock 1st April,2018 | 3,725 | |
| Purchases | 23,100 | |
| Sales | 39,425 | |
| Wages & Salaries | 6,205 | |
| Lighting & Heating | 310 | |
| Equipment | 3,600 | |
| Carriage outwards | 230 | |
| Return inwards | 105 | |
| Return outwards | 290 | |
| Provision for bad debts | 350 | |
| Discount allowed | 265 | |
| Discount received | 315 | |
| Rent , Rates & Insurance | 1,115 | |
| Motor Vehicles | 1,475 | |
| Cash in hand | 110 | |
| Sundry Creditor | 4,925 | |
| Sundry Debtors | 13,920 | |
| Bank overdraft | 975 | |
| 55,230 | 55,230 |
The solution of Question No 11 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
| Capital | 8,950 | ||
| Drawing | 1,050 | ||
| Opening Stock | 3,725 | ||
| Purchases | 23,100 | ||
| Wages & Salaries | 6,205 | ||
| Lighting & Heating | 210 | ||
| Equipment | 3,600 | ||
| Carriage outwards | 230 | ||
| Return Inwards | 105 | ||
| Discount Allowed | 285 | ||
| Rent , Rates & Insurance | 1,115 | ||
| Motor Vehicles | 1,475 | ||
| Cash | 110 | ||
| Sundry debtors | 13,920 | ||
| Sales | 39,425 | ||
| Return outwards | 290 | ||
| Provision for Bad Debts | 350 | ||
| Discount received | 315 | ||
| Sundry Creditor | 4,925 | ||
| Bank overdraft | 975 | ||
| 55,230 | 55,230 | ||
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. 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
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Chapter No. 10 – Journal Proper
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)