Question No 14 Chapter No 11 - USHA Publication 11 Class

Question No 14 Chapter No 11

Correct of an Incorrect Trial balance

14. From the following balance extracted from the ledger account of Vidya Balan, prepare trial balance as on 31st March 2019:

Ledger Account	Dr Balance	Ledger Account	Cr. Balance
Debtors	1,60,000	Sales	1,70,000
Provision for bad debts	15,600	Provision for discount on debtors	5,400
Machinery	2,10,000	Closing stock	66,000
Provision for depreciation	46,000	Provision for repairs	11,000
Capital	1,86,200	Income tax paid	4,000
General reserve	55,000	Carriage inward	3,000
Provident fund	95,000	Carriage outward	6,500
Staff welfare fund	42,400	Export duty	12,500
Purchases(Adjusted)	1,20,000	Custom duty	14,500
Import duty	23,500	Excise duty	6,600

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The solution of Question No 14 Chapter No 11: –

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Debtors		1,60,000
Provision for bad debts			15,600
Machinery		2,10,000
Provision for depreciation			46,000
Capital			1,86,200
General reserve			55,000
Provident fund			95,000
Staff welfare fund			42,400
Purchases (Adjusted)		1,20,000
Import duty		23,500
Sales			1,70,000
Provision for discount on debtors			5,400
Closing stock		66,000
Provision for repairs			11,000
Carriage inward		4,000
Carriage outward		3,000
Export duty		12,500
Custom duty		14,500
Excise duty		6,600
		6,26,600	6,26,600