Question No 13 Chapter No 13
13. Prepare a correct trial balance from the following trail balance in which there are certain mistakes :
Heads of account | Dr.(Rs) | Cr.(Rr) |
Cost of goods sold | 1,50,000 | |
Closing stock | 40,000 | |
Debtors | 60,000 | |
Creditors | 30,000 | |
Fixed assets | 50,000 | |
Opening stock | 60,000 | |
Expenses | 20,000 | |
Sales | 2,00,000 | |
Capital | 90,000 | |
3,50,000 | 3,50,000 |
The solution of Question No 13 Chapter No 13: –
Trail Balance A/c | |||
Particulars |
J.F. | Debit | Credit |
Cost of goods sold | 1,50,000 | ||
Closing stock | 40,000 | ||
Debtors | 60,000 | ||
Creditors | 30,000 | ||
Fixed assets | 50,000 | ||
Expenses | 20,000 | ||
Sales | 2,00,000 | ||
Capital | 90,000 | ||
3,20,000 | 3,20,000 |
Trial Balance | Explanation | Methods | Examples
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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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