Question No 15 Chapter No 11 – USHA Publication 11 Class

Question No 15 Chapter No 11

Question No 15 Chapter No 11

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

 

 

Trial Balance | Explanation | Methods | Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Chapter No. 1 – Introduction

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)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.