[DK Goel] Q. 7 Trial Balance and Errors Solutions Class 11 CBSE (2025-26)
Solutions of Question number 7 of Chapter 14 Trial Balance and Errors DK Goel class 11 CBSE (2025-26)
Following is the Trial Balance as at 31st March, 2015:
| Heads of Accounts | 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.
[Ans. Total of Trial Balance ₹ 15,68,000.]
Solution:-
