Advertisement
Question No 11 Chapter No 11
Advertisement
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 |
Advertisement-X
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
Thanks, Please Like and share with your friends
Comment if you have any question.
Advertisement-X
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
Advertisement-X
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Advertisement-X
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)
Advertisement-X
Chapter No. 18 – Financial Statements – (With Adjustments)
Advertisement-Y