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)