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14.12 Double Entry Book Keeping—CBSE XI
Unsolved Question
1. The following Trial Balance of Mr. Pradeep Chamoli was drafted by his Accountant. But due to
imperfect knowledge of the subject, it has been prepared incorrectly. You are asked to redraft it.
TRIAL BALANCE
for the year ended 31st March, 2024
Ledger Account Dr. (`) Cr. (`)
Opening Stock ............................................................................................................................................................... 49,770 ...
Closing Stock ................................................................................................................................................................. ... 61,740
Capital............................................................................................................................................................................... ... 3,00,000
Fixed Assets .................................................................................................................................................................... 2,37,000 ...
Sundry Creditors ........................................................................................................................................................... ... 61,500
Sundry Debtors ............................................................................................................................................................. 1,07,010 ...
Returns Inward .............................................................................................................................................................. 7,200 ...
Sales .................................................................................................................................................................................. ... 3,07,800
Purchases ........................................................................................................................................................................ 1,82,760 ...
Discount Allowed ......................................................................................................................................................... ... 2,280
Taxes .................................................................................................................................................................................. 21,390 ...
Commission Received................................................................................................................................................. ... 2,610
Cash in Hand .................................................................................................................................................................. 1,140 ...
Bank Overdraft .............................................................................................................................................................. 33,000 ...
Interest Paid .................................................................................................................................................................... ... 3,300
Rent Received ................................................................................................................................................................ 11,400 ...
Wages and Salaries ...................................................................................................................................................... 94,200 ...
Export Duty .................................................................................................................................................................... ... 2,400
Returns Outward .......................................................................................................................................................... ... 3,690
Carriage Inwards ........................................................................................................................................................... 2,400 ...
Import Duty .................................................................................................................................................................... 3,600 ...
Carriage Outwards .................................................................................................................................................... ... 5,550
Total 7,50,870 7,50,870
[Ans.: Total of Correct Trial Balance—` 7,20,000.]