Page No
13.25:
Question
9:
Following Trial Balance is given but it is not correct. Prepare correct Trial Balance.
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Debit Balances |
Amount |
Credit Balances |
Amount |
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Building |
3,00,000 |
Capital |
3,68,000 |
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Machinery |
85,000 |
Furniture |
28,000 |
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Returns
Outward |
13,000 |
Sales |
5,20,000 |
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Bad
Debts |
14,000 |
Debtors |
3,00,000 |
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Cash |
2,000 |
Interest
Received |
13,000 |
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Discount
Received |
15,000 |
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Bank
Overdraft |
50,000 |
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Creditors |
2,50,000 |
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Purchases |
5,00,000 |
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12,29,000 |
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12,29,000 |
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Answer:
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Trial
Balance as
on March 31, …….. |
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S.No. |
List
of Items |
Debit
Balances |
Credit
Balances |
|
1 |
Building |
3,00,000 |
|
|
2 |
Machinery |
85,000 |
|
|
3 |
Returns
Outward |
|
13,000 |
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4 |
Bad
Debts |
14,000 |
|
|
5 |
Cash |
2,000 |
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|
6 |
Discount
Received |
|
15,000 |
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7 |
Bank
Overdraft |
|
50,000 |
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8 |
Creditors |
|
2,50,000 |
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9 |
Purchases |
5,00,000 |
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10 |
Capital |
|
3,68,000 |
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11 |
Furniture |
28,000 |
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12 |
Sales |
|
5,20,000 |
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13 |
Debtors |
3,00,000 |
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14 |
Interest
Received |
|
13,000 |
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Total |
12,29,000 |
12,29,000 |
Page No 14.25:
Question 10:
Redraft correctly the Trial Balance given below:
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Debit Balances |
Amount |
Credit Balances |
Amount |
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Capital |
8,000 |
Debtors |
7,580 |
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Bad
Debts Recovered |
250 |
Bank
Deposits |
2,750 |
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Creditors |
1,250 |
Discount
Allowed |
40 |
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Returns
Outward |
350 |
Drawings |
600 |
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Bank
Overdraft |
1,570 |
Returns
Inward |
450 |
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Rent |
360 |
Sales |
13,690 |
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Salaries |
850 |
Bills
Payable |
1,350 |
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Trade
Expenses |
300 |
Grant
Received |
1,000 |
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Cash
in Hand |
210 |
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Opening
Stock |
2,450 |
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Purchases |
11,870 |
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27,460 |
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27,460 |
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Answer:
|
Trial
Balance as
on March 31, ……… |
|||
|
S.No. |
List
of Items |
Debit
Balances |
Credit
Balances |
|
1 |
Capital |
|
8,000 |
|
2 |
Bad
Debts Recovered |
|
250 |
|
3 |
Creditors |
|
1,250 |
|
4 |
Returns
Outward |
|
350 |
|
5 |
Bank
Overdraft |
|
1,570 |
|
6 |
Rent |
360 |
|
|
7 |
Salaries |
850 |
|
|
8 |
Trade
Expenses |
300 |
|
|
9 |
Cash
in Hand |
210 |
|
|
10 |
Opening
Stock |
2,450 |
|
|
11 |
Purchases |
11,870 |
|
|
12 |
Debtors |
7,580 |
|
|
13 |
Bank
Deposits |
2,750 |
|
|
14 |
Discount
Allowed |
40 |
|
|
15 |
Drawings |
600 |
|
|
16 |
Returns
Inward |
450 |
|
|
17 |
Sales |
|
13,690 |
|
18 |
Bills
Payable |
|
1,350 |
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19 |
Grants
Received |
|
1,000 |
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Total |
27,460 |
27,460 |