Question No 12 Chapter No 10
12. The following is the trial Balance of Thakur Bros. as of 28th February 2018
| Dr. | Cr. | |
| Stock on 1st April, 2017 | 1,50,000 | |
| Cash and Bank Balance | 18,000 | |
| Purchases & Sale | 24,00,000 | 42,00,000 |
| Return | 1,80,000 | 70,000 |
| Debtors & Creditor | 1,80,000 | 1,62,000 |
| Capital | 7,00,000 | |
| Drawings | 20,000 | |
| Salaries | 2,10,000 | |
| Rent | 1,80,000 | |
| General Expenses | 4,000 | |
| Fixed Assets | 15,00,000 | |
| 51,32,000 | 51,32,000 |
The Following transaction was recorded during the month of March 2018
- Credit purchase of goods Rs 2,20,000
- Credit sale of goods Rs 3,75,000
- Purchases return Rs 15,000
- Sale return Rs 10,000
You are required to prepare the trial balance as of 31st march 2018
The solution of Question No 12 Chapter No 10: –
| Trail Balance A/c | |||
| Particulars |
J.F. | Debit | Credit |
| Stock on 1st April 2017 A/c | 1,50,000 | ||
| Cash & Bank Balance A/c | 18,000 | ||
| Purchases A/c | 26,20,000 | ||
| Sale A/c | 45,75,000 | ||
| Return Inwards A/c | 1,90,000 | ||
| Return outwards A/c | 85,000 | ||
| Debtors A/c | 4,70,000 | ||
| Creditor A/c | 1,62,000 | ||
| Capital A/c | 7,00,000 | ||
| Drawings A/c | 20,000 | ||
| Salaries A/c | 2,10,000 | ||
| Rent A/c | 1,80,000 | ||
| Gernal Expenses A/c | 4,000 | ||
| Fixed Assets A/c | 15,00,000 | ||
| 11,62,500 | 11,62,500 | ||
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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)
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