Question No 11 Chapter No 11 – USHA Publication 11 Class

Question No 11 Chapter No 11

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: –

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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