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.
https://tutorstips.com/ledger/
Thanks, Please Like and share with your friends
Comment if you have any question.
Also, Check out the solved question of all Chapters: –
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.
