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Trial Balance Book Back Questions

11th Standard

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. Trial balance is a_____

    (a)

    Statement

    (b)

    Account

    (c)

    Ledger

    (d)

    Journal

  2. The trial balance contains the balances of_____

    (a)

    Only personal accounts

    (b)

    Only real accounts

    (c)

    Only nominal accounts

    (d)

    All accounts

  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 difference of totals of both debit and credit side of trial balance is transferred to _________

    (a)

    Trading account

    (b)

    Difference account

    (c)

    Suspense account

    (d)

    Miscellaneous account

  5. Trial balance is prepared ____________

    (a)

    At the end of the year

    (b)

    On a particular date

    (c)

    For a year

    (d)

    None of the above

  6. 3 x 2 = 6
  7. What is trial balance?

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

  9. State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
    (i) Carriage outwards
    (ii) Carriage inwards
    (iii) Sales
    (iv) Purchases
    (v) Bad debts
    (vi) Interest paid
    (vii) Interest received
    (viii) Discount received
    (ix) Capital
    (x) Drawings
    (xi) Sales returns
    (xii) Purchase returns

  10. 3 x 3 = 9
  11. What are the objectives of preparing trial balance?

  12. The following trial balance has certain errors. Redraft it.

     S.No   Name of account   L.F   Debit balance 
    Rs.
     Credit balance 
    Rs.
    1  Building   60,000  
    2  Machinery   17,000  
    3  Returns outward   2,600  
    4  Bad debts   2,000  
    5  Cash   400  
    6  Discount received     3,000  
    7  Bank overdraft   10,000  
    8  Creditors   50,000  
    9  Purchases   1,00,000  
    10  Capital     72,800
    11  Fixtures     5,600
    12  Sales     1,04,000
    13  Debtors     60,000
    14  Interest received     2,600
       Total   2,45,000 2,45,000
  13. The following balances are extracted from the books of Murali, as on 31st March, 2017. Prepare trial balance.

    Particulars Rs Particulars Rs
    Sales 35,000 Audit fees 1,000
    Interest paid 350 Octroi duty 8,000
    Returns inward 2,500 Land 90,000
    Depreciation 2,400 Capital 60,000
    Office rent 2,000 Bank overdraft 11,250
  14. 2 x 5 = 10
  15. Prepare the trial balance from the following information:

    Name of the account Rs Name of the account Rs
    Bank Loan  2,00,000 Purchases  1,80,000
    Bills Payable 1,00,000 Sales 3,00,000
    Stock 70,000 Debtors 4,00,00
    Capital 2,50,000 Bank 2,00,000
  16. Prepare the trial balance from the following balances of Chandramohan as on 31st March 2017.

    Particulars Rs Particulars Rs
    Capital  1,24,500   Bank Overdraft  5,800
    Drawings 2,000   Motor Car 20,000
    Loan Borrowed 7,000   General expenses 2,500
    Sales 53,400   Building 1,10,000
    Purchases 40,000   Stock 16,200

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