Trial Balance Model Question Paper

11th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. After the preparation of ledger, the next step is the preparation of

    (a)

    Trading account

    (b)

    Trial balance

    (c)

    Journal

    (d)

    Profit and loss account

  2. Which of the following method(s) can be used for preparing trial balance?

    (a)

    Balance method

    (b)

    Total method

    (c)

    Total and Balance method

    (d)

    a, b and c

  3. The account which has a debit balance and is shown in the debit column of the trial balance is_______

    (a)

    Sundry creditors account

    (b)

    Bills payable account

    (c)

    Drawings account

    (d)

    Capital account

  4. The trial balance helps in discovering errors which may have been committed in the __________.

    (a)

    accounting transactions

    (b)

    accounting standard

    (c)

    accountancy

    (d)

    accounting. records

  5. _____________ is prepared on a specific data.

    (a)

    Trial Balance

    (b)

    Journal

    (c)

    Ledger

    (d)

    All of the above

  6. 5 x 2 = 10
  7. Give the format of trial balance.

  8. What are the methods of preparation of trial balance?

  9. Is Trial balance an account or a statement?

  10. What will be the effect on trial balance if purchases return of Rs 10,000has been wrongly posted to the debit of sales return account but correctly entered in the customer's account?

  11. Mr Ganesh an accountant of XYZ co. in order to match the trial balance passed a dummy entry without any proof of the transaction and did not even inform the senior about it. Identify the value being violated by the accountant.

  12. 5 x 3 = 15
  13. What are the features of trial balance?

  14. What are the objectives of preparing trial balance?

  15. What are the limitations of trial balance?

  16. 'A trial balance is only a prima facie evidence of the arithmetical accuracy of records'. Do you agree with this statement? Give reasons.

  17. Prepare the trial balance from the following-balances of Ms Chitra as on 31.03.2015.

       Rs    Rs
     Capital      2,50,000  Bank    2,75,000
     Bills payable   50,000  Debtors  1,00,000
     Opening Stock   75,000  Discount received   5,000
     Loan 1,50,000  Sales 50,000
     Salaries 10,000  Purchases 45,000
  18. 4 x 5 = 20
  19. Prepare a trial balance with the following information:

    Name of the Account Rs Name of the Account Rs
    Purchases  1,00,000 Sales  1,50,000
    Bank Loan 75,000 Creditors 50,000
    Debtors 1,50,000 Cash 90,000
    Stock 35,000 Capital 1,00,000

     

  20. From the following balances extracted from the books of Mr Gowri Sankar, a merchant of Chennai, prepare trial balance as on 31.12.2017.

       Rs     Rs
     Buildings     15,000   Conveyance charges     5,600
     Bills payable   5,000   Salary 3,500
     Debtors 15,000   Capital  30,000
     Cash at bank   16,800   Furniture 20,000
     Insurance 1,600   Motor Vehicles 5,000
     Rent received 5,000   Patents 2,000
     Donation given   2,500   Goodwill 3,000
     Loan borrowed 50,000    
  21. From the following balances of Rohini, prepare the trial balance as on 31st March, 2016.

      Rs   Rs
    Capital 60,000 Sales 82,000
    Dlscount received 3,250 Lighting 800
    Purchases 58,000 Drawings 5,250
    Plant and machinery 40,000 Car expenses 1,200
    Advertising expenses 5,000 Motor car 35,000
  22. Balan who has a car driving school gives you the following ledger balances. Prepare trial balance as on 31st December, 2016.

      Rs   Rs
    Capital 1,50,000 Sales 75,000
    Debtors 22,800 Return inwards 1,000
    Rent received 500 Discount allowed 800
    Bank overdraft 3,100 Discount received 1,000
    Creditors 5,500 Wages 2,900
    Premises 1,46,000 Salaries 3,500
    Opening Stock 10,000 Commission paid 1,100
    Purchases 45,000 General expenses 2,000

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