Question No 25 Chapter No 11 - USHA Publication 11 Class

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