Question No 25 Chapter No 11 – USHA Publication 11 Class

Question No 25 Chapter No 11

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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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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