Question No 14 Chapter No 11 – USHA Publication 11 Class

Question No 14 Chapter No 11

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

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

 

 

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of all Chapters: –

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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)

Chapter No. 18 – Financial Statements – (With Adjustments)

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