Question No 03 A Chapter No 10 – D.K Goal 11 Class

Question No 03 A Chapter No 10

03 A.Prepare a Trial Balance from the following balances as at 31st March 2017 :−

Name of Accounts	Rs	Name of Accounts	Rs
Cash in Hand	4,500	Machinery	24,000
Bank Overdraft	8,000	Land & Buildings	50,000
Opening Stock	20,000	Debtors	18,400
Purchases	80,000	Creditors	8,500
Purchases Returns	2,000	Purchases Returns	2,850
Sales	1,30,000	Bills Payable	1,650
Sales Returns	5,000	Capital	60,000
Traveling Expenses	1,800	Drawings	6,000
Discount Allowed	600	Rent	3,700
Discount Received	1,500	Salaries	3,600
		Loan (Cr.)	10,000
		Interest on Loan	1,200

The solution of Question No 03 A Chapter No 10: –  

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Stock A/c		28,800
Purchases A/c		82,000
Sales A/c			1,60,000
Salary A/c		6,400
Repair Charges A/c		500
Wages A/c		16,160
Commission Received A/c			800
Sundry Debtors A/c		24,200
Sundry Creditors A/c			7,300
Capital A/c			90,000
Drawings A/c		4,400
Return Inwards A/c		7,520
Return Outwards A/c			5,600
Carriage Inwards A/c		1,640
Carriage Outwards A/c		3,200
Furniture A/c		12,000
Motor Car A/c		80,000
Cash In Hand A/c		4,700
Bank Overdraft A/c			25,400
Investment A/c		20,000
Interest on Investment A/c			2,400
		2,91,500	2,91,500

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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

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