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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.]
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