[DK Goel] Q. 8 Trial Balance and Errors Solutions Class 11 CBSE (2025-26)
Solutions of Question number 8 of Chapter 14 Trial Balance and Errors DK Goel class 11 CBSE (2025-26)
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 2025
| 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 (1-4-2024) | 13,100 | Sundry Creditors | 8,200 |
| Purchases | 84,100 | Sales | 1,60,000 |
| Carriage Inwards | 2,800 | Returns 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 |
[Ans. Dr. Balance of Corrected Trial Balance ₹ 2,53,620; Cr. Balance of Corrected Trial Balance ₹ 2,49,800.
Therefore, in order to reconcile the Trial Balance ₹ 3,820 will be written on Cr. side as ‘Suspense Account’.]
Solution:-
