[DK Goel] Q. 3 Trial Balance and Errors Solutions Class 11 CBSE (2025-26)

Solutions of Question number 3 of Chapter 14 Trial Balance and Errors DK Goel class 11 CBSE (2025-26)

Q. 3 (A). Prepare a Trial Balance from the following balances as at 31st March 2023:-

	₹		₹
Stock on 1-4-2022	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

[Ans. Total of Trial balance ₹ 2,91,500.]

Solution:-

Hints:-

(1) As investments are assets, it will be shown on the debit side.

(2) As ‘Interest on Investment’ is an item of income, it will be shown on the credit side.

Q. 3 (B). Prepare a Trial Balance from the following balances taken as at 31st March 2023:-

	₹		₹
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 & Buildings	1,80,000	Bad Debts	7,100
Plant	1,20,000	Bills Receivable	5,000
Stock on 1-4-2022	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

[Ans. Total of Trial Balance ₹ 6,88,100.]

Solution:-

Hints:

(1) As loan from X is a liability, it will be written on the credit side.

(2) As intereset on X’s loan is an item of expense, it will be written on the debit side.

(3) As Goodwill is an asset, it will be written on the debit side.