Question No 13 Chapter No 11 – USHA Publication 11 Class

Question No 13 Chapater No 11

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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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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