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 overdraft | 85,000 | Purchases | 4,45,000 |
Sale | 8,10,000 | Cash in hand | 8,500 |
Purchases return | 22,500 | Creditors | 2,15,000 |
Debtors | 4,00,500 | Sale return | 15,750 |
wages | 96,000 | Equipment | 25,000 |
Capital | ? | Opening Stock | 3,00,500 |
The solution of Question No 3 Chapter No 13: –
Trail Balance A/c | |||
Particulars |
J.F. | Debit | Credit |
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 | ||
12,91,250 | 11,32,500 |
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
Thanks, Please Like and share with your friends
Comment if you have any question.
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
Advertisement-X
Leave a Reply