Question No 12 Chapter No 11 – USHA Publication 11 Class

Question No 12 Chapater No 11

Question No 12 Chapter No 11

Correct of an Incorrect Trial balance

12. From the following trial balance (containing obvious errors) of Nirvair Singh, prepare a correct trial balance as on March31,2018:

Ledger Account Dr. Balance  Cr. Balance
Purchases 60,000  
Resave fund 20,000  
sales   1,00,000
Purchases return  1,000  
Sales return    2,000
Opening stock 300,000  
Closing stock   40,000
Expenses   20,000
Outstanding expanse  2,000  
Bank balance  5,000  
Assets 50,000  
Debtors   80,000
Creditor    300,000
Capital 94,000  
Suspenses  account (difference in book ) 10,000  
  55,230 55,230

Closing Sock Rs 40,000

The solution of Question No 12 Chapter No 11: –

Trail Balance A/c  
Particulars
J.F. Debit Credit
Purchases   50,000  
Resave fund     19,000
Sales     1,10,000
Purchases return     1,000
Sales return   2,000  
Opening stock   40,000  
Expenses   20,000  
Outstanding expenses     2,000
Bank   7,000  
Assets   48,000  
Debtors   80,000  
Creditors     20,000
Capital     95,000
    2,47,000 2,47,000

 

 

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

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)

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

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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