Question No 13 Chapter No 11 - USHA Publication 11 Class

Question No 13 Chapter No 11

Table of Contents

The solution of Question No 13 Chapter No 11: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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