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14.2 Double Entry Book Keeping—CBSE XI
Solved Questions
1. Make out a Trial Balance from the following balances as on 31st March, 2024:
` `
Repair 5,000 Closing Stock 9,00,000
Debtors 60,000 Sales 2,50,000
Trade Expenses 12,000 Creditors 10,000
Rent 2,500 Interest Received 1,200
Wages 32,000 Purchases Return 2,000
Purchases 2,00,000 Discount Received 1,800
Furniture 25,000 Provision for Doubtful Debts 2,000
Carriage and Freight 5,000 Capital 3,00,000
Sales Return 3,000 Plant and Machinery 90,000
Loans and Advances 20,000 Cash in Hand 3,000
Travelling Expenses 6,000 Bank 20,000
Drawings 25,000 Stock (1st April, 2023) 50,000
Insurance 6,300 Discount Allowed 2,200
Solution: TRIAL BALANCE as at 31st March, 2024
Heads of Accounts L.F. Dr. (`) Cr. (`)
Repair ......................................................................................................................................................... 5,000 ...
Debtors ......................................................................................................................................................... 60,000 ...
Trade Expenses ................................................................................................................................................. 12,000 ...
Rent ......................................................................................................................................................... 2,500 ...
Wages ......................................................................................................................................................... 32,000 ...
Purchases ......................................................................................................................................................... 2,00,000 ...
Furniture ......................................................................................................................................................... 25,000 ...
Carriage and Freight ........................................................................................................................................ 5,000 ...
Sales Return ........................................................................................................................................................ 3,000 ...
Loans and Advances ....................................................................................................................................... 20,000 ...
Travelling Expenses ......................................................................................................................................... 6,000 ...
Drawings ......................................................................................................................................................... 25,000 ...
Insurance ......................................................................................................................................................... 6,300 ...
Sales ......................................................................................................................................................... ... 2,50,000
Creditors ......................................................................................................................................................... ... 10,000
Interest Received .............................................................................................................................................. ... 1,200
Purchases Return .............................................................................................................................................. ... 2,000
Discount Received ........................................................................................................................................... ... 1,800
Provision for Doubtful Debts ....................................................................................................................... ... 2,000
Capital ......................................................................................................................................................... ... 3,00,000
Plant and Machinery ....................................................................................................................................... 90,000 ...
Cash in Hand ...................................................................................................................................................... 3,000 ...
Bank ......................................................................................................................................................... 20,000 ...
Stock (1st April, 2023) ..................................................................................................................................... 50,000 ...
Discount Allowed ............................................................................................................................................. 2,200 ...
Total 5,67,000 5,67,000