Question No 13 Chapter No 11
Correct of an Incorrect Trial balance
13.A book-keeper submitted to you the following trial balance, which he had not been able to agree. Rewrite the trial balance, correcting the mistakes committed by him as on 31st March,2019
| Ledger Account | Dr. Balance | Cr. Balance |
| Capital | 1,50,000 | |
| Drawings | 32,500 | |
| Stock(1.4.2018) | 1,74,450 | |
| Return inwards | 5,540 | |
| Carriage inwards | 12,400 | |
| Deposited with Anand Gupta | 13,750 | |
| Return outwards | 8,400 | |
| Carriage outwards | 7,250 | |
| Loan to Asjok@5% giiven1.4.2018 | 10,000 | |
| Interest on the above | 250 | |
| Rent | 8,200 | |
| Rent outstanding | 1,300 | |
| Stock(31.3.2019) | 187,920 | |
| Purchases | 1,29,700 | |
| Debtors | 40,000 | |
| Goodwill | 17,300 | |
| Creditors | 30,000 | |
| Advertisement expenses | 9,540 | |
| Provision for doubtful debts | 12,000 | |
| Bad debts | 4,000 | |
| Patents and patterms | 5,000 | |
| Cash | 620 | |
| Sales | 2,79,140 | |
| Discount allowed | 3,300 | |
| Wages | 7,540 | |
| 4,50,950 | 4,50,950 |
The solution of Question No 13 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
| Drawings | 32,500 | ||
| Opening Stock | 1,74,450 | ||
| Retunes inwards | 5,540 | ||
| Carriage inwards | 12,400 | ||
| Deposit with Anand Gupta | 13,750 | ||
| Carriage outward | 7,250 | ||
| Loan to Ashok | 10,000 | ||
| Rent | 8,200 | ||
| Purchases | 1,29,700 | ||
| Debtors | 40,000 | ||
| Goodwill | 17,300 | ||
| Advertisement expenses | 9,540 | ||
| Bad debts | 4,000 | ||
| Patents & Patterms | 5,000 | ||
| Cash | 620 | ||
| Discount allowed | 3,300 | ||
| Wages | 7,540 | ||
| Capital | 1,50,000 | ||
| Return outwards | 8,400 | ||
| Interest on loan | 250 | ||
| Rent outstanding | 1,300 | ||
| Creditors | 30,000 | ||
| Prov. For doubtful debts | 12,000 | ||
| Sales | 2,79,140 | ||
| 4,81,090 | 4,81,090 | ||
Trial Balance | Explanation | Methods | Examples
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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
Chapter No. 10 – Journal Proper
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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)