Question No 05 Chapter No 10 – D.K Goal 11 Class

Question No 05 Chapter No 10

05.From the following Trial Balance containing certain errors, drew up a correct Trial Balance

Name of Accounts	Dr.	Cr.
Cost of Goods Sold	33,60,000
Sales		40,00,000
Premises	7,00,000
Fixtures		1,30,000
Sundry Debtors	5,10,000
Sundry Creditor		2,80,000
Opening Stock	5,60,000
Closing Stock		4,70,000
Expenses	2,20,000
Capital		8,00,000
Cash	10,000
PNB(Overdraft)	3,20,000

The solution of Question No 05 Chapter No 10: –

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Cost of Goods Sold A/c		33,60,000
Sale A/c			40,00,000
Premises A/c		7,00,000
Fixtures A/c		1,30,000
Sundry Debtors A/c		5,10,000
Sundry Creditor A/c			2,80,000
Closing Stock A/c		4,70,000
Expenses A/c		2,20,000
Capital A/c			8,00,000
Cash A/c		10,000
PNB(Overdraft)A/c			3,20,000
		54,00,000	54,00,000

Note: Since cost of goods sold is given, opening Stock will not appear in the Trial Balance whereas Closing Stock will appear in it.

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

• Chapter 1 Evolution of Accounting & Basic Accounting Terms
• Chapter 2 Accounting Equations
• Chapter 3 Meaning and Objectives of Accounting
• Chapter 4 Double Entry System
• Chapter 5 Books of Original Entry – Journal 
• Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
• Chapter 7 Books of Original Entry – Cash Book (Coming soon)
• Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
• Chapter 9 Ledger (Coming soon)
• Chapter 10 Trial Balance and Errors (Coming soon)
• Chapter 11 Bank Reconciliation Statement (Coming soon)
• Chapter 12 Depreciation (Coming soon)
• Chapter 13 Bills of Exchange (Coming soon)
• Chapter 14 Generally Accepted Accounting Principles(GAAP) 
• Chapter 15 Bases of Accounting
• Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
• Chapter 17 Capital and Revenue 
• Chapter 18 Provisions and Reserves 
• Chapter 19 Final Accounts (Coming soon)
• Chapter 20 Final Accounts – With Adjustments (Coming soon)
• Chapter 21 Errors and their Rectification (Coming soon)
• Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
• Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
• Chapter 24 Computerised Accounting System (Coming soon)
• Chapter 25 Introduction to Accounting Information System (Coming soon)