Question No 3 Chapter No 13

Question No 3 Chapter No 13

3. Prepare the trail Balance of Ankit as on 31st March 2018. He has omitted to open a capital account :

 Rs Rs
Bank overdraft85,000Purchases4,45,000
Sale8,10,000Cash in hand8,500
Purchases return22,500Creditors 2,15,000
Debtors 4,00,500Sale return15,750
wages96,000Equipment 25,000
Capital?Opening Stock3,00,500

The solution of Question No 3 Chapter No 13: –  

Trail Balance A/c 
Particulars
J.F.DebitCredit
Bank overdraft  85,000
sales  8,10,000
Purchases return  22,500
Debtors 4,00,500 
wages 96,000 
Capital  ?
Purchases 4,45,000 
Cash in hand 8,500 
Creditors  2,15,000
Sale return 15,750 
Equipment 25,000 
Opening stock 3,00,500 
  12,91,25011,32,500

Capital(balancing Figure) = Debit Side – Credit Side
=12,91,250- 11,32,500
=1,58,750

To understand more about cash book please check out following links: –

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of previous Chapters: –

  • Chapter No. 1 – Introduction to Accounting
  • Chapter No. 2 – Basic Accounting Terms
  • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
  • Chapter No. 4 – Bases of Accounting
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book
  • Chapter No. 11 – Special Purpose Books II – Other Books
  • Chapter No. 12 – Bank Reconciliation Statement
  • Chapter No. 13 – Trial Balance
  • Chapter No. 14 – Depreciation
  • Chapter No. 15 – Provisions and Reserves
  • Chapter No. 16 – Accounting for Bills of Exchange
  • Chapter No. 17 – Rectification of Errors
  • Chapter No. 18 – Financial Statements of Sole Proprietorship
  • Chapter No. 19 – Adjustments in preparation of Financial Statements
  • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
  • Chapter No. 21 – Computers in Accounting
  • Chapter No. 22 – Accounting Software – Tally
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 3 Chapter No 13 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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