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: –
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)