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Question No 20 Chapter No 11
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When an Obvious Account head is Missing
20.The following balance is extracted from the book of Gurjit Kaur as on 31st March,2019.prepare a trial balance
| Ledger Account | Balance Rs | Ledger Account | Balance Rs |
| Purchases | 60,000 | Sundry debtors | 45,000 |
| Sale return | 1,500 | Salaries | 7,000 |
| Sales | 1,27,000 | Wages | 10,000 |
| Purchases return | 1,275 | Freight inward | 1,000 |
| Machinery | 90,000 | Freight outward | 1,200 |
| Opening stock | 40,000 | Rent & rates | 2,000 |
| Discount received | 800 | Bank overdraft | 5,000 |
| Sundry creditor | 20,000 | Advertisement | 2,000 |
| Discount allowed | 350 | Cash in hand | 7,000 |
| Bank charges | 100 | Closing stock | 30,000 |
The solution of Question No 20 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars | J.F. | Debit | Credit |
| Purchases | 60,000 | ||
| Sales return | 1,500 | ||
| Sales | 1,27,000 | ||
| Purchases return | 1,275 | ||
| Machinery | 90,000 | ||
| Opening stock | 40,000 | ||
| Discount received | 800 | ||
| Sundry creditor | 20,000 | ||
| Discount allowed | 350 | ||
| Bank charges | 100 | ||
| Sundry debtors | 45,000 | ||
| Salaries | 7,000 | ||
| Wages | 10,000 | ||
| Freight inward | 1,000 | ||
| Freight outward | 1,200 | ||
| Rent & rates | 2,000 | ||
| Bank overdraft | 5,000 | ||
| Advertisement | 2,000 | ||
| Cash in hand | 7,000 | ||
| Capital(Balancing figure) | 1,13,075 | ||
| 2,67,150 | 2,67,150 | ||
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
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Chapter No. 2 – Theory Base of Accounting
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
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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)