Question No 24 Chapter No 11
Miscellaneous Problems
24.From the following balances extracted from the books of George Shaw as on 31st March,2017.prepare a trial balance
| Ledger Account | Balance Rs | Ledger Account | Balance Rs |
| Equipment | 1,20,000 | Sales ledger | 24,500 |
| Loose tools | 14,000 | Software | 10,000 |
| Apprentice premium | 18,000 | Capital | 1,37,700 |
| Advance from customers | 35,800 | Drawings | 45,000 |
| Donation | 4,200 | Interest on advance received | 1,200 |
| Short term advance | 21,000 | Interest on drawings | 2,500 |
| Purchases | 65,000 | Interest on capital | 4,500 |
| Purchases ledger | 21,000 | Commission received in advance | 7,000 |
| Sales | 96,000 | Claim paid | 11,000 |
The solution of Question No 24 Chapter No 11: –
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
| Equipment | 1,20,000 | ||
| Loose tools | 14,000 | ||
| Apprentice premium | 18,000 | ||
| Advances from customers | 35,800 | ||
| Donation | 4,200 | ||
| Short term advances | 21,000 | ||
| Purchases | 65,000 | ||
| Purchases ledger | 21,000 | ||
| Sales | 96,000 | ||
| Sales ledger | 24,500 | ||
| Software | 10,000 | ||
| Capital | 1,37,700 | ||
| Drawings | 45,000 | ||
| Interest on advances received | 1,200 | ||
| Interest on drawings | 2,500 | ||
| Interest on Capital | 4,500 | ||
| Commission received in advance | 7,000 | ||
| Claims paid | 11,000 | ||
| 3,19,200 | 3,19,200 | ||
Trial Balance | Explanation | Methods | Examples
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
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)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
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Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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)