
Question No 25 Chapter No 11
Miscellaneous Problems
25.From the following balances extracted from the books of Meera Chitkara as on March 2019, prepare a trial balance:
Ledger Account | Balance Rs | Ledger Account | Balance Rs |
Meera’s capital | 1,51,600 | Livestock | 18,000 |
6% bank loan | 60,000 | Patent right | 25,000 |
Interest on bank loan | 2,400 | Provision for doubtful debts | 6,000 |
8% of investments | 40,000 | Book debts | 70,000 |
Interest on investment | 2,000 | Rent from subletting | 7,000 |
Sale of old paper | 700 | Rent | 18,000 |
Deposit with supplier | 12,000 | Wages & salaries | 24,000 |
Claim recoverable | 9,000 | Purchases | 80,000 |
Sundry expenses | 2,500 | Sales | 90,000 |
Consultancy fee paid | 4,400 | Stock(1.4.2018) | 12,000 |
The solution of Question No 25 Chapter No 11: –
Trail Balance A/c | |||
Particulars |
J.F. | Debit | Credit |
Meera’s Capital | 1,51,600 | ||
6% bank loan | 60,000 | ||
Interest on bank loan | 2,400 | ||
8% investment | 40,000 | ||
Interest on investment | 2,000 | ||
Sale of old papers | 700 | ||
Deposit with suppliers | 12,000 | ||
Claim recoverable | 9,000 | ||
Sundry expenses | 2,500 | ||
Consultancy fee paid | 4,400 | ||
Livestock | 18,000 | ||
Patent right | 25,000 | ||
Provision for doubtful debts | 6,000 | ||
Book debts | 70,000 | ||
Rent from subletting | 7,000 | ||
Rent | 18,000 | ||
Wagers & salaries | 24,000 | ||
Purchases | 80,000 | ||
Sales | 90,000 | ||
Stock(1.4.2018) | 12,000 | ||
3,19,200 | 3,19,200 |
Trial Balance | Explanation | Methods | Examples
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Also, Check out the solved question of all Chapters: –
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)