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Question No 06 Chapter No 10 – D.K Goal 11 Class

Question No 06 Chapter No 10

Question No 06 Chapter No 10

06.The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form :−

Name of Accounts Dr. Cr.
Land and Building 1,20,000  
Plant and Machinery 92,000  
Wages 18,200  
Discount Allowed    1,620
Discount Received 730  
Purchases 1,26,000  
Sales   2,40,000
Return Inwards   6,500
Return Outwards 3,370  
Opening Stock 15,000  
Debtors 30,000  
Creditors   20,000
Carriage on Sales   3,280
Carriage on Purchase 2,800  
Insurance 1,500  
General Expenses 6,100  
Cash in Hand 2,400  
Bank Overdraft 12,100  
Capital   1,54,000
Drawings   4,800
  4,30,200 4,30,200

The solution of Question No 06 Chapter No 10: –

Trail Balance A/c  
Particulars
J.F. Debit Credit
Land & Building A/c   1,20,000  
Plant & Machinery A/c   92,000  
Wages A/c   18,200  
Discount Allowed A/c   1,620  
Discount Received A/c     730
Purchases A/c   1,26,000  
Sales A/c     2,40,000
Return Inwards A/c   6,500  
Return Outwards A/c     3,370
Opening Stock A/c   15,000  
Debtors A/c   30,000  
Creditors A/c     20,000
Carriage on Sales A/c   3,280  
Carriage on Purchases A/c   2,800  
Insurance A/c   1,500  
General Expenses A/c   6,100  
Cash in Hand A/c   2,400  
Bank Overdraft A/c     12,100
Capital A/c     154,000
Drawings A/c   4,800  
    4,30,200 4,30,200

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

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