Question No 08 Chapter No 10 – D.K Goal 11 Class

Question No 08 Chapter No 10

08. The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in the correct form and give the necessary notes: −

Particular	Amount	Particular	Amount.
Cash in Hand	5,200	Bank Overdraft	16,400
Plant & Machinery	75,000	Capita	50,000
Typewriter	6,400	Goodwill	8,000
Stock (1-4-2016)	13,100	Sundry Creditors	8,200
Purchases	84,100	Sales	1,60,000
Carriage Inwards	2,800	Return Inwards	2,400
Carriage Outwards	1,600	Drawings	2,120
Sundry Debtors	18,300	Investments	4,000
Bills Payable	12,000
Rent Paid	9,600
Wages	16,500
Advertisement	4,500
Discount Received	3,200
	2,52,300		2,52,300

The solution of Question No 07 Chapter No 10: –

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Cash in Hand A/c		5,200
Plant & Machinery A/c		75,000
Typewriter A/c		6,400
Stock (1-4-2003) A/c		13,100
Purchases A/c		84,100
Carriage Inwards A/c		2,800
Carriage Outwards A/c		1,600
Sundry Debtors A/c		18,300
Bills Payable A/c			12,000
Rent Paid A/c		9,600
Wages A/c		16,500
Advertisement A/c		4,500
Discount Received A/c			3,200
Bank Overdraft A/c			16,400
Capital A/c			50,000
Goodwill A/c		8,000
Sundry Creditors A/c			8,200
Sales A/c			1,60,000
Return Inwards A/c		2,400
Drawings A/c		2,120
Investment A/c		4,000
Suspense A/c (Balancing Figure)			3,820
		2,53,620	2,53,620

Note: Since, the Trial Balance does not tally, thus, the difference of Rs 3,820 is transferred to the Credit Balance Column of Trial Balance.

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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)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.