Question No 22 Chapter No 11 – USHA Publication 11 Class

Question No 22 Chapter No 11

Question No 22 Chapter No 11

Miscellaneous Problems

22.From the following details taken from the books of Rajesh Khanna, prepare a trial balance as on 31st March 2019

Ledger Account  Balance Rs Ledger Account  Balance Rs
Purchases less return 85,000 Production expenses 6,400
Net sales 1,12,600 Royalty on production 2,100
Machinery 65,000 Royalty on sale 2,900
Depreciation on machinery 9,000 Brokerage on sales 3,000
Trade expenses 15,000 Investment in shares 15,000
Livestock 24,500 Packing expenses 1,500
Leasehold premises 1,00,000 Capital 1,86,900
Discount on purchases 7,000 Loss on sales of machinery 7,000
Bills payable 18,000 Miscellaneous incomes 9,400
Legal charges 9,500 Dividend receive 8,000
Deposited with Gautam 20,000 Provision of dep. On machinery 24,000

The solution of Question No 22 Chapter No 11: –  

Trail Balance A/c  
Particulars
J.F. Debit Credit
Purchases less return   85,000  
Net sales     1,12,600
Machinery   65,000  
Depreciation on machinery   9,000  
Trade expenses   15,000  
Livestock   24,500  
Leasehold premises   1,00,000  
Discount purchases     7,000
Bills payables     18,000
Legal charges   9,500  
Deposited with Gautam   20,000  
Productive expenses   6,400  
Royalty on production   2,100  
Royalty on sales   2,900  
Brokerage on sales   3,000  
Investment in shares   15,000  
Packing expenses   1,500  
Capital     1,86,900
Loss on sale of machinery   7,000  
Miscellaneous incomes     9,400
Dividend received     8,000
Provision for depreciation on machinery     24,000
    3,65,900 3,65,900

 

 

Trial Balance | Explanation | Methods | Examples

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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

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)

Chapter No. 18 – Financial Statements – (With Adjustments)

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