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Question No 15 Chapter No 11
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Correct of an Incorrect Trial balance
15.From the following balance, prepare trial balance of M/s Abhishek Enterprises as on 31st March 2018:
| Ledger Account | Dr. Balance | Ledger Account | Cr. Balance |
| Purchases | 1,65,500 | Interest on capital | 2,900 |
| Provision for doubtful debts | 3,000 | Interest on drawing | 1,100 |
| Cash at bank | 18,400 | Provision for discount on debtors | 700 |
| Bank loan | 50,000 | Sundry debtors | 45,000 |
| Capital | 1,08,700 | Sundry creditor | 35,000 |
| Sales | 2,80,000 | Apprentice premium | 1,800 |
| Discount allowed | 4,600 | Copy right | 9,000 |
| Provision for repairs | 3,800 | Stock(1.4.2017) | 1,10,000 |
| General reserve | 11,000 | Stock(31.3.2018) | 90,000 |
| Discount received | 1,200 | Furniture | 18,000 |
| Drawings | 6,000 | Plant & Machinery | 70,000 |
| Depreciation | 7,400 | Provision for Depreciation | 4,800 |
| Cash in hand | 12,000 | Commission received | 6,000 |
| Rent paid | 1,500 | Commission accrued | 3,000 |
| Rent outstanding | 1,800 | Commission received in advance | 1,600 |
| Rent prepaid | 400 | Bills payable | 6,000 |
| Provident fund | 7,800 | Shares in Reliance Ltd. | 24,000 |
| Workmen compensation fund | 6,500 | Loss by fire | 3,500 |
| Purchases return | 1,600 | ||
| Salary | 12,400 | ||
| Interest on loan | 3,000 | ||
| Loan to Dhoni | 16,000 |
The solution of Question No 15 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars | J.F. | Debit | Credit |
| Purchases | 1,65,500 | ||
| Cash at bank | 18,400 | ||
| Discount allowed | 4,600 | ||
| Drawings | 6,000 | ||
| Depreciation | 7,400 | ||
| Cash in hand | 12,000 | ||
| Rent paid | 1,500 | ||
| Rent prepaid | 400 | ||
| Salary | 12,400 | ||
| Interest on loan | 3,000 | ||
| Loan to Dhoni | 16,000 | ||
| Interest on capital | 2,900 | ||
| Sundry Debtors | 45,000 | ||
| Copy right | 9,000 | ||
| Opening stock | 1,10,000 | ||
| Furniture | 18,000 | ||
| Plant & Machinery | 70,000 | ||
| Commission Accrued | 3,000 | ||
| Shares in Reliance Ltd. | 24,000 | ||
| Loss by fire | 3,500 | ||
| Provision for Doubtful Debts | 3,000 | ||
| Bank loan | 50,000 | ||
| Capital | 1,08,700 | ||
| Sales | 2,80,000 | ||
| Provision for repairs | 3,800 | ||
| General Reserve | 11,000 | ||
| Discount received | 1,200 | ||
| Rent outstanding | 1,800 | ||
| Provident fund | 7,800 | ||
| Workmen compensation fund | 6,500 | ||
| Purchases return | 1,800 | ||
| Interest on Drawing | 1,100 | ||
| Provision for discount on Debtors | 700 | ||
| Sundry Creditor | 35,000 | ||
| Apprentice premium | 1,800 | ||
| Provision for depreciation | 4,800 | ||
| Commission received | 6,000 | ||
| Commission received in advance | 1,600 | ||
| Bills Payable | 6,000 | ||
| 5,32,600 | 5,32,600 | ||
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
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Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
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Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)