Accountancy Dk Goel 2018 Solutions for Class 11 Commerce Accountancy Chapter 8 Trial Balance And Errors are provided here with simple step-by-step explanations. These solutions for Trial Balance And Errors are extremely popular among class 11 Commerce students for Accountancy Trial Balance And Errors Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Accountancy Dk Goel 2018 Book of class 11 Commerce Accountancy Chapter 8 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Accountancy Dk Goel 2018 Solutions. All Accountancy Dk Goel 2018 Solutions for class 11 Commerce Accountancy are prepared by experts and are 100% accurate.

Page No 14.25:

Question 1:

Given below is a Cash Book and Ledger extracts relating to the books of M/s Ram Chander & Sons as at 31st January 2015. You are required to prepare a Trial Balance.
 

CASH BOOK
Dr.  
Cr.
Date  Particulars L.F. Cash Bank Date Particulars L.F. Cash Bank
2015     2015    
Jan. 1  To Capital A/c   5,00,000    Jan. 2  By Bank A/c C 4,30,000   
Jan. 2  To Cash A/c C   4,30,000 Jan. 3  By Purchases A/c        42,000 
Jan. 10  To Sales A/c   36,000             
Jan. 12  To Sales A/c     20,000 Jan. 20  By Mukesh     5,52,000 
          Jan. 27  By Rent A/c   8,000   
Jan. 15  To Navdeep     4,70,000          
Jan.18  To Onkareshwar            2,65,000          
      5,36,000   11,85,000         4,38,000  5,94,000
          Jan. 31  By Balance c/d   98,000  5,91,000
      5,36,000  11,85,000        5,36,000 11,85,000
                   
Feb. 1  To Balance b/d   98,000  5,91,000           
                   
 
CAPITAL ACCOUNT
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015     2015    
Jan. 31 To Balance c/d               5,00,000 Jan. 1 By Cash A/c   5,00,000
               
        Feb.1 By Balance b/d          5,00,000
 
PURCHASES ACCOUNT
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015          
Jan. 3 To Bank A/c             42,000                               
Jan. 31 To Sundries as per Purchase Book  
6,40,000
       
               
 
PURCHASES RETURN ACCOUNT
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
      2015    
        Jan. 31 By Sundries as per Purchase Return Book
 

10,000
               
 
SALES ACCOUNT
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
      2015    
        Jan. 10 By Cash A/c   36,000
        Jan. 12 By Bank A/c   20,000
        Jan. 31 By Sundries as per Sales Book  
9,25,000
               
 
SALES RETURN ACCOUNT
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015          
Jan. 31 To Sundries as per                 
     Sales Return            
     Book   15,000        
 
MUKESH
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015     2015    
Jan. 7 To Purchase Return A/c   10,000 Jan. 6 By Purchases A/c          6,40,000
Jan. 20 To Bank A/c   5,52,000        
Jan. 31 To Balance c/d      78,000        
      6,40,000       6,40,000
               
        Feb. 1 By Balance b/d   78,000
 
NAVDEEP
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015     2015    
Jan. 13 To Sales A/c                    6,00,000 Jan. 15 By Bank A/c   4,70,000
        Jan. 31 By Balance c/d   1,30,000
      6,00,000       6,00,000
               
Feb. 1 To Balance b/d   1,30,000        
 
ONKARESHVAR
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015          
Jan. 14 To Sales A/c   3,25,000 Jan. 15 By Sales Return A/c   15,000
        Jan. 18 By Bank A/c   2,65,000
        Jan. 31 By Balance c/d   45,000
      3,25,000       3,25,000
               
Feb. 1 To Balance b/d   45,000        
 
RENT ACCOUNT
Dr.           Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
2015                                       
Jan. 27 To Cash A/c                  8,000        
   

Answer:

Books of M/s Ram Chander & Sons
Trial Balance
as on January 31, 2015
Name of Accounts
L.F.
Debit Balance 
(Rs)
Credit Balance
(Rs)
Cash
 
98,000
 
Bank
 
5,91,000
 
Capital
 
 
5,00,000
Purchases
 
6,82,000
 
Purchases Return
 
 
10,000
Sales
 
 
9,81,000
Sales Return
 
15,000
 
Mukesh
 
 
78,000
Navdeep
 
1,30,000
 
Onkareshvar
 
45,000
 
Rent
 
8,000
 
 
 
 
 
Total
 
15,69,000
15,69,000
 
 
 
 



Page No 14.27:

Question 2:

From the following balances, taken from the books of M/s Dwarka Parshad & Sons as at 31st March 2017, prepare a Trial Balance in proper form :−

Name of Accounts

(₹)
Name of Accounts

(₹)

Cash in Hand 4,500 Machinery 24,000
Bank Overdraft 8,000 Land & Buildings 50,000
Opening Stock 20,000 Debtors 18,400
Purchases 80,000 Creditors 8,500
Purchases Returns 2,000 Bills Receivable 2,850
Sales 1,30,000 Bills Payable 1,650
Sales Returns 5,000 Capital 60,000
Travelling Expenses 1,800 Drawings 6,000
Discount Allowed 600 Rent 3,700
Discount Received 1,500 Salaries 3,600
    Loan (Cr.) 10,000
    Interest on Loan 1,200

Answer:

Books of Sh. Dwarka Prashad
Trial Balance
as on March 31, 2017
Name of Accounts
L.F.
Debit 
Balance
(Rs)
Credit
Balance
(Rs)
Cash in Hand
 
4,500
 
Overdraft
 
 
8,000
Opening Stock
 
20,000
 
Purchases
 
80,000
 
Purchases Return
 
 
2,000
Sales
 
 
1,30,000
Sales Return
 
5,000
 
Travelling Expenses
 
1,800
 
Discount Allowed
 
600
 
Discount Received
 
 
1,500
Machinery
 
24,000
 
Land & Building
 
50,000
 
Debtors
 
18,400
 
Creditors
 
 
8,500
Bills Receivable
 
2,850
 
Bills Payable
 
 
1,650
Capital
 
 
60,000
Drawings
 
6,000
 
Rent
 
3,700
 
Salary
 
3,600
 
Loan
 
 
10,000
Interest on Loan
 
1,200
Total
 
2,21,650
2,21,650
 
 
 
 

Page No 14.27:

Question 3(A):

Prepare a Trial Balance from the following balances as at 31st March 2017 :−

 

(₹)
 

(₹)

Stock on 1-4-2016 28,800 Returns Inwards 7,500
Purchases 82,000 Returns Outwards 5,600
Sales 1,60,000 Carriage Inwards 1,640
Wages 16,160 Carriage Outwards 3,200
Salaries 6,400 Furniture 12,000
Repair Charges 500 Motor Car 80,000
Commission Received 800 Cash in Hand 4,700
Sundry Debtors 24,200 Bank Overdraft 25,400
Sundry Creditors 7,300 Investments 20,000
Capital 90,000 Interest on Investments 2,400
Drawings 4,400    

Answer:

Trial Balance
as on March 31, 2017
Name of Accounts
L.F.
Debit
Balance
(Rs)
Credit
Balance
(Rs)
Stock
 
28,800
 
Purchases
 
82,000
 
Sales
 
 
1,60,000
Salary
 
6,400
 
Repair Charges
 
500
 
Wages
 
16,160
 
Commission Received
 
 
800
Sundry Debtors
 
24,200
 
Sundry Creditors
 
 
7,300
Capital
 
 
90,000
Drawings
 
4,400
 
Return Inwards
 
7,520
 
Return Outwards
 
 
5,600
Carriage Inwards
 
1,640
 
Carriage Outwards
 
3,200
 
Furniture
 
12,000
 
Motor Car
 
80,000
 
Cash In Hand
 
4,700
 
Bank Overdraft
 
 
25,400
Investment
 
20,000
 
Interest on Investment
 
 
2,400
Total
 
2,91,500
2,91,500
 
 
 
 



Page No 14.28:

Question 3(B):

Prepare a Trial Balance from the following balances taken as at 31st March 2017 :−

 

(₹)
 

(₹)

Capital 2,50,000 Purchases 2,15,300
Drawings 24,000 Sales 3,80,000
Debtors 57,000 Miscellaneous Expenses 8,200
Creditors 28,500 Miscellaneous Receipts 3,600
Land & Building 1,80,000 Bad Debts 7,100
Plant 1,20,000 Bills Receivable 5,000
Stock on 1-4-2016 22,800 Loan from X 20,000
Factory Expenses 16,600 Interest on X's Loan 3,000
Office Expenses 7,700 Cash in hand 8,400
Purchases Return 6,000 Goodwill 10,000
Stationery 500    
Freight 2,500    

Answer:

Trial Balance
as on March 31, 2017
Name of Accounts
L.F.
Debit
Balance
(Rs)
Credit
Balance
(Rs)
Capital
 
 
2,50,000
Drawings
 
24,000
 
Debtors
 
57,000
 
Creditors
 
 
28,500
Land & Building
 
1,80,000
 
Plant
 
1,20,000
 
Stock on 1-4-2007
 
22,800
 
Factory Expenses
 
16,600
 
Office Expenses
 
7,700
 
Purchases Return
 
 
6,000
Stationery
 
500
 
Freight
 
2,500
 
Purchases
 
2,15,300
 
Sales
 
 
3,80,000
Miscellaneous Expenses
 
8,200
 
Miscellaneous Receipts
 
 
3,600
Bad Debts
 
7,100
 
Bills Receivable
 
5,000
 
Loan from X
 
 
20,000
Interest on X’s Loan
 
3,000
 
Cash
 
8,400
 
Goodwill
 
10,000
 
Total
 
6,88,100
6,88,100
 
 
 
 

Page No 14.28:

Question 4:

Following balances were extracted from the books of Ravinder Associates as at 31st March, 2017 :

 

(₹)
 

(₹)

Sundry Debtors 4,10,000 Stock (April 1, 2016) 2,30,000
Sundry Creditors 80,000 Premises 12,00,000
Rent and Taxes 48,000 Fixtures & Fittings 3,10,000
Purchases 34,00,000 Bad Debts written off 8,000
Sales 56,00,000 Rent received from sub-let of part of premises 30,000
Trade Expenses 12,000 Loan from Mukul 1,50,000
Returns Outwards 80,000 Interest on Mukul's Loan 15,000
Returns Inwards 1,20,000 Drawings 40,000
Expenses 4,000 Cash in hand 75,000
Motor Vehicles 6,50,000 Stock on 31st March, 2017  
Electricity 25,000 (not adjusted) 3,80,000

You are required to prepare the trial balance treating the difference as his capital.

Answer:

Books of  Ravinder Associates
Trial Balance
as on March 31, 2017
Name of Accounts
L.F.
Debit
Balance
(Rs)
Credit
Balance
(Rs)
Sundry Debtors
 
4,10,000
 
Sundry Creditors
 
 
80,000
Rent & Taxes
 
48,000
 
Purchases
 
34,00,000
 
Sales
 
 
56,00,000
Trade Expenses
 
12,000
 
Return Outwards
 
 
80,000
Return Inwards
 
1,20,000
 
Expenses
 
4,000
 
Motor Vehicles
 
6,50,000
 
Electricity
 
25,000
 
Opening Stock (on April 01, 2004)
 
2,30,000
 
Premises
 
12,00,000
 
Fixture & Fittings
 
3,10,000
 
Bad Debts written off
 
8,000
 
Loan from Mukul
 
 
1,50,000
Interest on Mukul’s Loan
 
15,000
 
Drawings
 
40,000
 
Cash in Hand
 
75,000
 
Rent received from Sub-let of part of Premises
 
 
30,000
Capital (Balancing Figure)
 
 
6,07,000
Total
 
65,47,000
65,47,000
                                                      
 
 

Note: Closing Stock of Rs 3,80,000 will not appear in Trial Balance, because it has not been accounted yet.

Page No 14.28:

Question 5:

The following trial balance has been prepared by an inexperienced accountant. Redraft it in a correct form :−

Name of Accounts Balance
Dr.
Balance
Cr.
 
Land and Building 1,20,000  
Plant and Machinery 92,000  
Wages 18,200  
Discount Allowed   1,620
Discount Received 730  
Purchases 1,26,000  
Sales   2,40,000
Return Inwards   6,500
Return Outwards 3,370  
Opening Stock 15,000  
Debtors 30,000  
Creditors   20,000
Carriage on Sales   3,280
Carriage on Purchase 2,800  
Insurance 1,500  
General Expenses 6,100  
Cash in Hand 2,400  
Bank Overdraft 12,100  
Capital   1,54,000
Drawings   4,800
Total 4,30,200 4,30,200

Answer:

Trial Balance
Name of Accounts
L.F.
Debit
Balance
(Rs)
Credit
Balance
(Rs)
 
Land & Building   1,20,000  
 
Plant & Machinery   92,000  
 
Wages   18,200  
 
Discount Allowed   1,620  
 
Discount Received     730
 
Purchases   1,26,000  
 
Sales     2,40,000
 
Return Inwards
 
6,500
 
 
Return Outwards
 
 
3,370
 
Opening Stock
 
15,000
 
 
Debtors
 
30,000
 
 
Creditors
 
 
20,000
 
Carriage on Sales
 
3,280
 
 
Carriage on Purchases
 
2,800
 
 
Insurance A/c
 
1,500
 
 
General Expenses
 
6,100
 
 
Cash in Hand
 
2,400
 
 
Bank Overdraft
 
 
12,100
 
Capital
 
 
1,54,000
 
Drawings
 
4,800
 
 
Total
 
4,30,200
4,30,200
 
 
 
 
 
 



Page No 14.29:

Question 6:

Following is the Trial Balance as at 31st March, 2015 :

 
Heads of Account
L.F.
Debit
Credit
 
   
 
Capital     3,20,000
 
Fixed Assets   1,80,000  
 
Drawings   60,000  
 
Debtors   2,40,000  
 
Creditors     1,80,000
 
Purchases   7,10,000  
 
Sales
 
  10,50,000
 
Bank Balance
 
45,000  
 
Cash in Hand
 
30,000  
 
Salary
 
1,65,000  
 
Rent
 
1,20,000  
 
 
 
15,50,000
15,50,000
 
 
 
 
 
 

Having prepared the Trial Balance, it was discovered that following transactions remained unrecorded :
(i) Goods were sold on credit amounting to ₹ 40,000.
(ii) Paid to creditors ₹ 22,000 by cheque.
(iii) Goods worth ₹ 7,000 were returned to a supplier.
(iv) Paid salary ₹ 15,000 by cheque.
Required:
    (i) Pass Journal entries for the above mentioned transactions and post them into Ledger.
    (ii) Redraft the Trial Balance.

Answer:

Books of Sh. Venkteshwar
Journal
Date
Particulars
L.F.
Debit
Amount
(Rs)
Credit
Amount
(Rs)
i.
Debtors A/c Dr.  
40,000
 
 
  To Sales A/c    
 
40,000
 
(Goods sold on credit)    
 
 
 
     
 
 
ii.
Creditors A/c Dr.  
22,000
 
 
  To Bank A/c    
 
22,000
 
(Cheque given to creditors)    
 
 
 
     
 
 
iii.
Creditors A/c Dr.  
7,000
 
 
  To Purchases Return A/c    
 
7,000
 
(Goods returned to a supplier)    
 
 
 
     
 
 
iv.
Salary A/c Dr.  
15,000
 
 
  To Bank A/c    
 
15,000
 
(Salary paid)    
 
 
 
Debtors Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(Rs)
Date
Particulars
J.F.
Amount
(Rs)
 
Balance b/d  
2,40,000
 
Balance c/d  
2,80,000
  Sales A/c  
40,000
     
 
     
2,80,000
     
2,80,000
  Balance b/d  
2,80,000
 
   
 
                   
Sales Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(Rs)
Date
Particulars
J.F.
Amount
(Rs)
 
Balance c/d  
10,90,000
 
Balance b/d  
10,50,000
     
 
  Debtors A/c  
40,000
     
10,90,000
     
10,90,000
     
 
 
Balance b/d  
10,90,000
                   
 
Creditors Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(Rs)
Date
Particulars
J.F.
Amount
(Rs)
 
Bank A/c  
22,000
 
Balance b/d  
1,80,000
 
Purchases Return  
7,000
 
   
 
  Balance c/d  
1,51,000
     
 
     
1,80,000
     
1,80,000
     
 
 
Balance b/d  
1,51,000
 
Bank Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(Rs)
Date
Particulars
J.F.
Amount
(Rs)
 
Balance b/d  
45,000
 
Creditors A/c  
22,000
 
   
 
 
Salary A/c  
15,000
     
 
  Balance c/d  
8,000
     
45,000
     
45,000
  Balance b/d  
8,000
 
   
 
                   
Purchases Return Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(Rs)
Date
Particulars
J.F.
Amount
(Rs)
 
Balance c/d  
7,000
 
Creditors A/c  
7,000
 
   
 
 
   
 
     
7,000
     
7,000
     
 
 
Balance b/d  
7,000
 
Salary Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(Rs)
Date
Particulars
J.F.
Amount
(Rs)
 
Balance b/d  
1,65,000
 
Balance c/d  
1,80,000
 
Bank A/c  
15,000
 
   
 
     
1,80,000
     
1,80,000
  Balance b/d  
1,80,000
 
   
 
 
Trial Balance
as on March 31, 2015
Name of Accounts
L.F.
Debit
Balance
(Rs)
Credit
Balance
(Rs)
Capital
 
 
3,20,000
Fixed Assets
 
1,80,000
 
Drawings
 
60,000
 
Debtors
 
2,80,000
 
Creditors
 
 
1,51,000
Purchases
 
7,10,000
 
Sales
 
 
10,90,000
Bank Balance
 
8,000
 
Cash in Hand
 
30,000
 
Salary
 
1,80,000
 
Rent
 
1,20,000
 
Purchases Return
 
 
7,000
Total
 
15,68,000
15,68,000
 
 
 
 



Page No 14.30:

Question 7:

The following is the Trial Balance prepared by an inexperienced accountant. Redraft it in a correct form and give necessary notes : −

TRIAL BALANCE
for the year ending 31st March, 2017
Particulars
Amount
Particulars
Amount
   
Cash in Hand 5,200 Bank Overdraft 16,400
Plant & Machinery 75,000 Capital 50,000
Typewriter 6,400 Goodwill 8,000
Stock (1-4-2016) 13,100 Sundry Creditors 8,200
Purchases 84,100 Sales 1,60,000
Carriage Inwards 2,800 Return Inwards 2,400
Carriage Outwards 1,600 Drawings 2,120
Sundry Debtors 18,300 Investments 4,000
Bills Payable 12,000    
Rent Paid 9,600    
Wages 16,500    
Advertisement 4,500    
Discount Received 3,200    
 
2,52,300
 
2,51,120
       

Answer:

Trial Balance
as on March 31, 2017
Name of Accounts
L.F.
Debit 
Balance
(Rs)
Credit
Balance
(Rs)
Cash in Hand
 
5,200
 
Plant & Machinery
 
75,000
 
Typewriter
 
6,400
 
Stock (1-4-2003)
 
13,100
 
Purchases
 
84,100
 
Carriage Inwards
 
2,800
 
Carriage Outwards
 
1,600
 
Sundry Debtors
 
18,300
 
Bills Payable
 
 
12,000
Rent Paid
 
9,600
 
Wages
 
16,500
 
Advertisement
 
4,500
 
Discount Received
 
 
3,200
Bank Overdraft
 
 
16,400
Capital
 
 
50,000
Goodwill
 
8,000
 
Sundry Creditors
 
 
8,200
Sales
 
 
1,60,000
Return Inwards
 
2,400
 
Drawings
 
2,120
 
Investment
 
4,000
 
Suspense A/c (Balancing Figure)
 
 
3,820
Total
 
2,53,620
2,53,620
                                                       
 
 

Note: Since, the Trial Balance does not tally, thus, the difference of Rs 3,820 is transferred to the Credit Balance Column of Trial Balance.

Page No 14.30:

Question 8:

A book-keeper extracted the following Trial Balance as at 31st March, 2017 :

Name of Accounts Balance
Dr.
Balance
Cr.
 
Stock on 1.4.2016 2,50,000  
Purchases 6,50,000  
Sales   10,00,000
Motor Vans 3,80,000  
Debtors and Creditors 1,50,000 94,000
Premises   3,00,000
Shop fittings   20,000
Interest on Bank Overdraft   16,000
Purchases Returns 10,000  
Sales Returns   20,000
Lighting and heating 18,000  
Capital   5,00,000
Discount Received 2,000  
Repairs 2,500  
Electricity   6,500
Bank Overdraft 2,00,000  
Stock on 31.3.2017 3,30,000  
Rent from subletting   15,000
Bills Receivable   8,000
Suspense Account (difference in books)   13,000
Total 19,92,500 19,92,500

You are required to redraft the trial balance correctly.

Answer:

Trial Balance
as on March 31, 2017
Name of Accounts
L.F.
Debit 
Balance
(Rs)
Credit
Balance
(Rs)
Stock on 1.4.2004
 
2,50,000
 
Purchases
 
6,50,000
 
Sales
 
 
10,00,000
Motor Van
 
3,80,000
 
Debtors
 
1,50,000
 
Creditors
 
 
94,000
Premises
 
3,00,000
 
Shop Fittings
 
20,000
 
Interest on Bank Overdraft
 
16,000
 
Purchases Return
 
 
10,000
Sales Return
 
20,000
 
Lighting & Heating
 
18,000
 
Capital
 
 
5,00,000
Discount Received
 
 
2,000
Repairs
 
2,500
 
Electricity
 
6,500
 
Bank Overdraft
 
 
2,00,000
Rent from subletting
 
 
15,000
Bills Receivable
 
8,000  
 
Total
 
18,21,000
18,21,000
 
 
 
 

Note: Closing Stock of Rs 3,30,000 will not appear in Trial Balance, because it has not been accounted yet.



Page No 14.31:

Question 9:

From the following ledger balances prepare trial balance :
Capital ₹ 20,800, Rent outstanding ₹ 1,420, Amount due to Param, ₹ 15,000, Drawing ₹ 2,800, Goodwill ₹ 12,000, Interest received ₹ 2,000, Discount received ₹ 1,580, Amount due from Deepan ₹ 26,000.

Answer:

Trial Balance
Name of Accounts
L.F.
Debit
Balance
(Rs)
Credit
Balance
(Rs)
Capital
 
 
20,800
Outstanding Rent
 
 
1,420
Due to Param
 
 
15,000
Drawings
 
2,800
 
Goodwill A/c
 
12,000
 
Interest Received
 
 
2,000
Discount Received
 
 
1,580
Due from Deepan
 
26,000
 
Total
 
40,800
40,800
 
 
 
 



View NCERT Solutions for all chapters of Class 13