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Question No 12 Chapter No 13
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The redrafting of a trial balance
12. Correctly the following Trail Balance below :
| Debit side | Rs | Credit side | Rs |
| Opening stock | 1,02,600 | Debtors | 45,000 |
| Return outward | 48,000 | Carriages outward | 15,000 |
| Salaries | 36,000 | Capital | 1,65,000 |
| Creditors | 84,000 | Machinery | 54,000 |
| Bank | 1,35,000 | Return inward | 9,000 |
| Carriage inward | 18,000 | Insurance claim received | 12,000 |
| Rent received | 9,000 | Trade expenses | 18,000 |
| Discount allowed | 6,000 | Sales | 4,20,000 |
| Purchases | 3,00,000 | Building | 60,000 |
| Bills payable | 60,000 | ||
| 7,98,600 | 7,98,600 |
The solution of Question No 12 Chapter No 13: –
| Trail Balance A/c | |||
| Particulars | J.F. | Debit | Credit |
| Opening sock | 1,02,600 | ||
| Return outward | 48,000 | ||
| Salaries | 36,000 | ||
| Creditors | 84,000 | ||
| Bank | 1,35,000 | ||
| Carriage inwards | 18,000 | ||
| Rent received | 9,000 | ||
| Discount allowed | 6,000 | ||
| Purchases | 3,00,000 | ||
| Bills payable | 60,000 | ||
| Debtors | 45,000 | ||
| Carriage outward | 15,000 | ||
| Capital | 1,65,600 | ||
| Machinery | 54,000 | ||
| Return inward | 9,000 | ||
| Insurance claim received | 12,000 | ||
| Trade expenses | 18,000 | ||
| sales | 4,20,000 | ||
| Building | 60,000 | ||
| 60,000 | 60,000 | ||
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Also, Check out the solved question of previous Chapters: –
- Chapter No. 1 – Introduction to Accounting
- Chapter No. 2 – Basic Accounting Terms
- Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
- Chapter No. 4 – Bases of Accounting
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
- Chapter No. 11 – Special Purpose Books II – Other Books
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Trial Balance
- Chapter No. 14 – Depreciation
- Chapter No. 15 – Provisions and Reserves
- Chapter No. 16 – Accounting for Bills of Exchange
- Chapter No. 17 – Rectification of Errors
- Chapter No. 18 – Financial Statements of Sole Proprietorship
- Chapter No. 19 – Adjustments in preparation of Financial Statements
- Chapter No. 20 – Accounts from incomplete Records – Single Entry System
- Chapter No. 21 – Computers in Accounting
- Chapter No. 22 – Accounting Software – Tally
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
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