Question No 20 Chapter No 11 – USHA Publication 11 Class

Question No 20 Chapter No 11

Question No 20 Chapter No 11

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

 

 

Trial Balance | Explanation | Methods | Examples

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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)

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