DK Goel Solutions Chapter 14 Trial Balance and Errors

DK Goel Accountancy Class 11 Solutions Chapter 14 Trial Balance and Errors which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. There are numerous concepts in Accountancy, but the concept of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required.

DK Goel Accountancy Class 11 Solutions – Chapter 14

Question 1

Prepare a Trial Balance form the following balances of Sh. Keshav Chand Gopal Chand as on 31 March 2018:

Name of Accounts

Name of Accounts

Opening stock

Purchases

Purchases returns

Sales

Sales returns

Rent

Salaries

Advertisement

Commission received

Discount Cr.

Furniture

Machinery

Debtors

20,000

85,000

5,000

1,60,000

6,200

1,200

5,700

880

1,440

710

6,000

62,000

36,000

Creditors

Bills Receivable

Bills Payable

Cash in Hand

Bank Overdraft

Interest on overdraft

Capital

Drawings

Input CGST

Input SGST

Output CGST

Output SGST

12,750

4,600

2,500

11,220

10,000

1,800

50,000

7,800

5,000

5,000

8,000

8,000

Solution:

Trial Balance

as on 31st March 2018

Name of Accounts

L.F.

Balance Dr. (₹)

Balance Cr. (₹)

Opening stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Purchases returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sales returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Advertisement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Commission received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Discount Cr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Furniture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Machinery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Debtors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Creditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bills Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bills Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cash in Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bank Overdraft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interest on overdraft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Drawings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Input CGST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Input SGST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Output CGST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Output SGST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20,000

85,000

6,200

1,200

5,700

880

6,000

62,000

36,000

4,600

11,220

1,800

7,800

5,000

5,000

5,000

1,60,000

1,440

710

12,750

2,500

10,000

50,000

8,000

8,000

TOTAL

2,58,400

2,58,400

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