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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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Ts Grewal Solution 2022-2023

Class 11th

Chapter 14 – Trail Balance

Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12

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