Question
Correct the following Trial Balance:
✓
Answer
Get the step-by-step solution for this question inside the Vidyadip app.
Get the answer in the appNeed a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
What menu option is available in Gateway of Tally Screen?
Y owes X ₹ 4,000. On 1st January, 2019, Y accepts a 3 months bill for ₹ 3,900 in satisfaction of his full claim. On the same date, it was endorsed by X to Z in satisfaction of his claim of ₹ 3,980. The bill is dishonoured on the due date. Give the Journal entries in the books of X.
Explain five primary groups in Tally.
From the following information, calculate Total Sales made during the period:
| ₹ | |
| Debtors as on 1st April, 2017 | 20,400 |
| Cash received from debtors during the year (as per Cash Book) | 60,800 |
| Returns Inward | 5,400 |
| Bad Debts | 2,400 |
| Debtors as on 31st March, 2018 | 27,600 |
| Cash Sales (as per Cash Book) | 56,800 |
Mr. Arnav does not keep proper records of his business he provided following information, you are required to prepare a statement showing the profit or loss for the year.
Ascertainment of statement of affairs at the beginning and at the end of the, year and calculation of profit or loss.
| ₹ | |
| Capital at the beginning of the year, | 15,00,000 |
| Bills receivable, | 60,000 |
| Cash in hand, | 80,000 |
| Furniture, | 9,00,000 |
| Building, | 10,00,000 |
| Creditors, | 6,00,000 |
| Stock in trade, | 2,00,000 |
| Further capital introduced, | 3,20,000 |
| Drawings made during the period, | 80,000 |
Write Short Notes on:
Applications of Computers in Accounting.
Applications of Computers in Accounting.
There was a difference of ₹ 720 in the Trial Balance which has been transferred to the credit side of the Suspense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors:
- An amount of ₹ 375 now posted on the debit side of the Commission Account instead of ₹ 275.
- Credit amount of ₹ 260 posted to the debit of the Personal Account as ₹ 360.
- Goods sold to Surinder recorded in Purchases Book ₹ 300.
- D’s bill for erection of godown at a cost of ₹ 1,200 has been charged to the Repairs Account.
A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Import duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000.
Calculate the Depreciation for the first three years (separately for each year) @ 10% p.a. on Diminishing Balance Method.
Calculate the Depreciation for the first three years (separately for each year) @ 10% p.a. on Diminishing Balance Method.
In the following Machinery Account, determine the missing values, if depreciation is to be charged @ 10% p.a. per Diminishing Balance Method. On 1st October, 2018, a part of the machinery valued in the books of the firm at ₹ 16,000 on 1st July, 2016 was sold for ₹ 10,000.
What do you understand by relationship type? How is it different from relationship instance and relationship set?