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
- 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)
