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11th Standard English Medium Accountancy Subject Trial Balance Creative 5 Mark Questions with Solution Part - I

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 25
    5 x 5 = 25
  1. Explain the methods of preparing trial balance.

  2. Following is the trial balance of Sudhir Chaudhary as on 31.03.2017.

       Rs     Rs
     Capital     10,00,000   Debtors    9,64,000
     Plant and Machinery   13,40,000   Creditors   5,30,000
     Furniture 2,40,000   Rent 1,92,000
     Cash in hand 60,000   General expenses   14,000
     Bank overdraft 78,000   Discount allowed 2,000
     Purchases 22,70,000   Sales return  6,000
     Sales 34,80,000    
  3. 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    
  4. Prepare trial balance as on 31.12.2017 from the following balances of Mr Balakrishnan.

       Rs     Rs
     Capital     2,00,000   Repairs     2,400
     Drawings   18,000   Office lighting   2,600
     Furniture 64,500   Printing and Stationery   2,700
     Stock at the beginning   62,050   Bank loan 17,500
     Bills receivable 7,500   Computer   30,000
     Bills payable 8,750   Debtors 46,500
     Purchases 88,100   Cash in hand 17,000
     Sales 1,35,450   Cash at bank 27,250
     Discount allowed 7,100   General expenses 7,100
     Discount received 3,500   Creditors 17,600
  5. 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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