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11th | Trail Balance | Question No. 9 To 12 | Ts Grewal Solution 2022-2023

Question 9:


Following Trial Balance is given but it is not correct. Prepare correct Trial Balance.

 

 

 

 

 

Debit Balances

(`)

Credit Balances

     (`)

Building

3,00,000

Capital

3,68,000

Machinery

85,000

Furniture

28,000

Returns Outward        

13,000

Sales

5,20,000

Bad Debts

14,000

Debtors

3,00,000

Cash

2,000

Interest Received          

13,000

Discount Received

15,000

 

 

Bank Overdraft

50,000

 

 

Creditors

2,50,000

 

 

Purchases

5,00,000

 

 

 

12,29,000

 

12,29,000

 

 

 

 

 

 

 

 

 

Answer:


Trial Balance

as on March 31,

S.No.

List of Items

Debit Balances

Credit Balances

1

Building

3,00,000

-

2

Machinery

85,000

-

3

Returns Outward

-

13,000

4

Bad Debts

14,000

-

5

Cash

2,000

-

6

Discount Received

-

15,000

7

Bank Overdraft

-

50,000

8

Creditors

-

2,50,000

9

Purchases

5,00,000

-

10

Capital

-

3,68,000

11

Furniture

28,000

-

12

Sales

-

5,20,000

13

Debtors

3,00,000

-

14

Interest Received

-

13,000

 

Total

12,29,000

12,29,000

Question 10:


Redraft correctly the Trial Balance given below: 

 

 

 

 

 

Debit Balances

  (`)

Credit Balances

(`)

Capital 

8,000

Debtors

7,580

Bad Debts Recovered     

250

Bank Deposits

2,750

Creditors

1,250

Discount Allowed     

40

Returns Outward

350

Drawings

600

Bank Overdraft

1,570

Returns Inward

450

Rent

360

Sales

13,690

Salaries

850

Bills Payable

1,350

Trade Expenses

300

Grant Received

1,000

Cash in Hand

210

 

 

Opening Stock

2,450

 

 

Purchases

11,870

 

 

 

27,460

 

27,460

 

 

 

 

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

19

Grants Received

-

1,000

 

Total

27,460

27,460

 

Question 11:


Prepare correct Trial Balance from the following Trial Balance in which there are certain mistakes:

 

Heads of Accounts

Dr. (`)

Cr. (`)

Cost of Goods Sold

1,50,000

...

Closing Stock

...

40,000

Debtors

...

60,000

Creditors

...

30,000

Fixed Assets

50,000

...

Opening Stock

60,000

...

Expenses

...

20,000

Sales

...

2,00,000

Capital

90,000

...

 

 

Total

3,50,000

3,50,000

 

 

 

Answer:


Trial Balance

S. No.

Account Title

Debit

(Rs)

Credit

(Rs)

(i)

Cost of Goods Sold

1,50,000

-

(ii)

Closing Stock

40,000

-

(iii)

Debtors

60,000

-

(iv)

Creditors

-

30,000

(v)

Fixed Assets

50,000

-

(vi)

Expenses

20,000

-

(vii)

Sales

-

2,00,000

(viii)

Capital

-

90,000

 

 

3,20,000

3,20,000

 

 

 

 

Question 12:


Correct the following Trial Balance:

 

Debit Balances

`

Credit Balances

`

Opening Stock

1,02,600

Debtors

45,000

Returns Outward

48,000

Carriage Outwards

15,000

Salaries

36,000

Capital

1,65,600

Creditors

84,000

Machinery

54,000

Bank

1,35,000

Returns Inward

9,000

Carriage Inwards

18,000

Insurance Claim Received

12,000

Rent Received

9,000

Trade Expenses

18,000

Discount Allowed

6,000

Sales

4,20,000

Purchases

3,00,000

Building

60,000

Bills Payable

60,000

 

 

 

7,98,600

 

7,98,600

 

 

 

 

Answer:


Trial Balance (Corrected)

Debit

(Rs)

Credit

 (Rs)

Opening Stock

1,02,600

Creditors

84,000

Return Inwards

9,000

Rent Received

9,000

Salaries

36,000

Bills Payable

60,000

Bank

1,35,000

Capital

1,65,600

Carriage Inward

18,000

Return Outwards

48,000

Discount Allowed

6,000

Discount Received

12,000

Purchases

3,00,000

Sales

4,20,000

Debtors

45,000

 

 

Carriage Outwards

15,000

 

 

Machinery

54,000

 

 

Trade Expenses

18,000

 

 

Building

60,000

 

 

 

7,98,600

 

7,98,600

 

 

 

 

 

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