Trial Balance Sums

EduAdda By Sailesh Goenka
TRIAL BALANCE
Class 11 - Accountancy
Question No. 1 to 4 are based on the given text. Read the text carefully and answer the questions: [4]
In the books of M/s Ravilal and Company
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Trial Balance as on 31 / 3 / 2018
Particulars L.F. Debit (₹) Credit (₹)
Stock on 1.4.2017 2,50,000
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Purchases 6,50,000
Sales 10,00,000
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Motor Vans 3,80,000
Debtors and Creditors ka 1,50,000 94,000

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Premises 3,00,000
Shop Fittings 20,000

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dd
Interest on Bank Overdraft 16,000
Purchase Returns 10,000

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Sales Returns 20,000
Lighting and Heating 18,000

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Capital 5,00,000
Discound received 2,000
Repairs 2,500 6,500
Electricity
Bank overdraft 2,00,000
Stock on 31.3.2018 3,30,000 15,000
Rent from subletting 8,000
Bill Receivable 13,000
Suspence Account (difference in the books) 19,92,500
1. Which of the following items appears in the wrong side of the trial Balance?
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For Admission Contact us on 7003217257
a) Capital b) Premises
c) Purchases d) Motor Vans

2. The discount received should be on the ________ side of the Trial Balance.
a) None of these b) Credit
c) Debit d) Capital
3. The Electricity is recorded in the ________ side of the Trial Balance as it is an ________.
a) Credit, expenses b) expenses, Debit
c) expenses, Credit d) Debit, expenses

4. What should be the actual total in the rectified Trial Balance?
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a) ₹19,21,000 b) ₹19,92,500
c) ₹18,21,000 d) ₹18,92,500
5. The preparation of Trial Balance helps in: [1]
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a) preparation of final accounts b) None of these
c) judging the financial position d) locating errors of all types

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6. Errors committed due to lack of basic principle of accounting are called: [1]
a) None of these ka b) Single-sided error

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c) Compensating errors d) Error of principle

7. What kind of accuracy is tested by Trial balance: [1]
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a) Arithmetical accuracy b) Theoretical accuracy
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c) None of these d) Practical accuracy

8. Which of the following is not a function of Trial balance [1]
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a) Helps in locating error b) Helps in preparing of Final accounts
c) Provide the summary of Ledger account d) Helps in calculating profit

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9. Which of the following will be shown as debit balance in the Trial Balance: [1]
a) Cash in Hand b) Bank Overdraft
c) Rent Outstanding d) Creditors

10. Trial Balance shows: [1]
a) only debit balance b) only credit balance
c) both debit and credit balances d) None of these

11. Which of the following is the error of principle? [1]
A. The purchase book was overcast by Rs 500
B. Credit sale to Arun Rs 700 recorded as purchase from Arun
C. Goods returned to Charu Rs 4,000, posted in Chinoo’s A/c
D. Wages paid for the installation of machinery debited to Wages A/c
a) Only D b) Only A
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c) Only B d) Only C
12. Which of the following is true about compensating error: [1]
i. It is not disclosed in the trial balance, One error is nullified by the other.
ii. It is not disclosed in the trial balance.
iii. One error is nullified by the other.
a) Only i b) Only ii
c) None of these d) Only iii

13. Which of the following errors is revealed by the Trial Balance? [1]
A. The wrong amount entered into the book of original entry
B. The wrong amount posted in the ledger Account
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C. Complete omission of an entry from the books of original entry
D. When the accounting principle is violated while recording a transaction in the books of Account
a) Only D b) Only B
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c) Only C d) Only A
14. The account is not entered in trial balance which shows: [1]
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a) There is no as such account b) Credit balance
c) Debit balance ka d) No balance

ab
15. Fill in the blanks: [10]

(i) Suspense Account appearing in the Trial Balance is shown in the ________. [1]
(ii) Goodwill account appears on ________ side of Trial Balance. [1]
en
dd
(iii) If the total of the Cash Book or some other Subsidiary Book is ________, the Trial Balance will not [1]
tally.
(iv) Returns outwards will be placed in the credit column of the trial balance because it has ________ [1]
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balance.
(v) A trial balance prepared without taking into account the effect of adjusting entries is known as [1]
________.
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(vi) Outstanding wages appearing in Trial Balance are shown on the liabilities side of the ________. [1]
(vii) Ledger accounts with credit balances are placed in ________ column of the trial balance. [1]
(viii) Trial Balance is a list of balances of all ledger accounts and the ________. [1]
(ix) Bank overdraft is shown on the ________ side of trial balance. [1]
(x) The preparation of a trial balance helps in locating ________ errors. [1]
16. Match the following: [1]
(a) ledgers does not include (i) Debit balance
(b) Methods of Trail balance are (ii) Cash and bank balance
(c) Returns outward Account has (iii) posting to wrong Account
(d) Trail balance can't detect (iv) Total and balance
(a) Trial balance is a (i) Ledger posting
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(b) Trial balance is prepared for (ii) Statement
(c) Total of debit and credit columns should be (iii) Arithmetical accuracy
(d) Trial balance should be prepared after (iv) Equal
(a) Trail balance helps in (i) provide summary of ledgers
(b) Trail balance is used to (ii) Locating errors
(c) All Accounts of expenses and losses have (iii) Credit balance
(d) All Accounts of income and gains have (iv) debit balance
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(a) Trial balance can't detect (i) Trial balance
(b) A Trial balance shows (ii) Debit side
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(c) Debit balance of Accounts recorded in (iii) Both debit and credit balances
(d) Final Accounts prepared on the basis of (iv) errors of complete omission
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(a) Trial can't detect (i) Conclusive proof of Accounts
(b) Credit balance of Accounts are recorded in (ii) Any date

ka
ab
(c) Trial can be prepared on (iii) Credit columns of Trial

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(d) Trial is not a (iv) incomplete amount entered in journal
dd
21. A machine is purchased for Rs 10,000 which was wrongly recorded in purchase account. Due to this error [1]
________.
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a) The trial balance will show a difference of b) The trial balance will show the difference of
Rs 5,000 Rs 20,000
c) The trial balance will show the difference of d) The trial balance will not show any
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Rs 10,000 difference
22. Compensating errors are of a ________ nature. [1]
a) accommodating b) consistent
c) neutralizing d) concealing
23. An Asset Account shows a ________ balance. [1]
a) none of these b) debit
c) credit d) debit or credit

24. These are the errors which are committed due to wrong posting of transactions, wrong totalling or balancing of [1]
the accounts:
a) Compensating Errors b) Errors of Omission
c) Error of principle d) Errors of Commission

25. Consider the following statements with respect to the limitations of Trial Balance: [1]
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i. Transactions that are not recorded at all cannot be found out.
ii. Wrong amount written on both sides of a Trial Balance.
iii. the wrong amount recorded of an account compensated by the wrong amount of the other account
Identify the correct statement/statements:
a) i, ii and iii b) only i
c) i and ii d) only iii

26. Consider the following statements with regard to the features of Trial Balance: [1]
i. To ascertain the arithmetical accuracy of the accounts recorded and posted in the books of accounts.
ii. To help in locating errors.
iii. To help in the preparation of the final accounts.
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Identify the correct statement/statements:
a) i and ii b) i and iii
c) i, ii and iii d) ii and iii
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27. Name the error committed by violating the rules of Accounting. [1]
28. Is Trial Balance prepared for a particular period? [1]
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29. Trial Balance is an account. Do you agree? [1]
30. What is the main objective of preparing a trial balance? [1]
31. Furniture purchased from M/s Delhi Furnishings for Rs 40,000 was entered into the Purchases Book. What type
ka [1]
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of error is this?
32. Cash sales to Rajan Rs 1,000 were not recorded in Journal or Cash Book. What type of error is this? [1]
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33. What are the Compensating Errors? [1]
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34. If the credit side of Trial Balance falls short by ₹1,000, what will be its treatment? [1]
35. Sales book is overcast by Rs 1,000 and purchases return book is undercast by Rs 1,000. What type of error is [1]
this?
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36. Give one example of the error of Commission. [1]

37. What is Trial Balance? Does the balancing of this ensure accuracy of books of accounts? [3]
38. What are the methods of preparing trial balance? [3]
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39. Under which side of the Trial Balance the following ledger balances will appear: [3]
i. Purchases
ii. Capital
iii. Trade Receivable
iv. Drawings
v. Discount Received
vi. Buildings
40. Prepare a Trial Balance from the following balances taken as at 31st March 2017:- [3]
(₹) (₹)
Capital 2,50,000 Purchases 2,15,300
Drawings 24,000 Sales 3,80,000
Debtors 57,000 Miscellaneous Expenses 8,200
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Creditors 28,500 Miscellaneous Receipts 3,600
Land & Building 1,80,000 Bad Debts 7,100
Plant 1,20,000 Bills Receivable 5,000
Stock on 1-4-2016 22,800 Loan from X 20,000
Factory Expenses 16,600 Interest on X's Loan 3,000
Office Expenses 7,700 Cash in hand 8,400
Purchases Return 6,000 Goodwill 10,000
Stationery 500
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Freight 2,500
41. Discuss the balance method of preparing trial balance. [3]

42. What do you mean by Trial Balance? An accountant of a company in order to match the trial balance passed a [3]
dummy entry without any proof of the transaction and did not even inform the seniors about it. Identify the value
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being violated by the accountant.
43. State whether the balance of the following accounts should be placed in the debit (or) the credit columns of the [3]
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Trial Balance:
i. Plant and Machinery
ii. Discount Allowed ka
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iii. Bank Overdraft

iv. Sales
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v. Interest Paid
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vi. Bad Debts

44. State whether the balances of the following accounts should be placed in the debit or the credit columns of the [3]
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Trial Balance:
i. Furniture
ii. Plant and Machinery
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iii. Discount Allowed

iv. Salary
v. Bank Overdraft
vi. Cash in Hand
vii. Creditors
viii. Sundry Debtors
ix. Carriage Inwards
x. Carriage Outwards
xi. Sales
xii. Purchases
xiii. Discount Received
xiv. Interest Received
xv. Interest Paid
xvi. Bad Debts
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45. The following Trial Balance is drawn from the books of Brown Traders: [3]
TRIAL BALANCE
as on ...
Debit Balances ₹ Credit Balances ₹
Building 60,000 Capital 73,600
Machinery 17,000 Fixtures 5,600
Returns Outward 2,600 Sales 1,04,000
Bad Debts 2,800 Debtors 60,000
Cash 400 Interest Received 2,600
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Discount Received 3,000
Bank Overdraft 10,000
Creditors 50,000
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Purchases 1,00,000
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2,45,800 2,45,800
You are required to comment on whether it is correct or not. If this Trial Balance is not correct, draw the correct
one. ka
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46. What is a Trial Balance? State any four functions of a Trial Balance. [3]
47. The Accountant of Shiv wrongly prepared the following Trial Balance. You are required to draw the correct Trial [4]
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Balance stating reasons for the change made:
dd
TRIAL BALANCE as on 31st March, 2019
Debit Balance ₹ Credit Balance ₹

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Opening Stock 16,000 Sales 1,90,000
Purchases 1,60,000 Insurance Premium 6,000
Outstanding Salaries 21,000 Equipment 25,000

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Wages 10,000 Repairs to Building 5,000
Wages Due 9,000 Drawings 31,000
Building 1,00,000 Sundry Receipts 15,000
Plant 80,000 Bank Overdraft 93,000
Interest Received 2,000 Ground Rent 8,000
Advertisement 12,000 Returns Inward 16,000
Outstanding Expenses 17,000 Capital 2,00,000
Depreciation on Plant 8,000 Investments 44,000
Prepaid Expenses 10,000 Commission 28,000
Returns Outward 12,000
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Closing Stock 1,62,000
6,33,000 6,33,000
48. Prepare a trial balance form the following balances taken on 31st March, 2013 [4]
Name of Accounts Amt (Rs.) Name of Accounts Amt (Rs.)
Capital 3,75,000 Purchases 3,22,950
Drawings 36,000 Sales 5,70,000
Debtors 85,500 Miscellaneous Expenses 12,300
Creditors 42,750 Miscellaneous Receipts 5,400
Land and Building 2,70,000 Bad debts 10,650
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Plant 1,80,000 Bills debts 7,500
Stock on 1st April,2012 34,200 Bills Receivable Loan from Naina 30,000
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Factory Expenses 24,900 Interest on Naina's Loan 4,500
Office Expenses 11,550 Cash in Hand 12,600

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Purchases Return 9,000 Goodwill 15,000
Stationery 750
ka
ab
Freight 3,750
49. The following trial balance has been prepared by an inexperienced accountant. Redraft it in the correct form:- [4]
en
Balance Dr. Balance Cr.
dd
Name of Accounts
₹ ₹
Land and Building 1,20,000

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Plant and Machinery 92,000
Wages 18,200
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Discount Allowed 1,620
Discount Received 730
Purchases 1,26,000
Sales 2,40,000
Return Inwards 6,500
Return Outwards 3,370
Opening Stock 15,000
Debtors 30,000
Creditors 20,000
Carriage on Sales 3,280
Carriage on Purchase 2,800
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Insurance 1,500
General Expenses 6,100
Cash in Hand 2,400
Bank Overdraft 12,100
Capital 1,54,000
Drawings 4,800
Total 4,30,200 4,30,200
50. As an accountant of a company, you are disappointed to learn that the totals in your new trial balance are not [4]
equal. After going through careful analysis, you have discovered only one error. Specifically, the balance of the
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Office Equipment account has a debit balance of ₹ 15,600 on the trial balance. However, you have figured out
that a correctly recorded credit purchase of Pendrive for ₹ 3,500 was posted from the journal to the ledger with a
₹ 3,500 debit to Office Equipment and another ₹ 3,500 debits to creditors accounts. Answer each of the
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following questions and present the amount of any misstatement:
i. Is the balance of the office equipment account overstated, understated, or correctly stated in the trial balance?
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ii. Is the balance of the creditor's account overstated, understated, or correctly stated in the trial balance?
iii. Is the debit column total of the trial balance overstated, understated, or correctly stated?
iv. Is the credit column total of the trial balance overstated, understated, or correctly stated?
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v. If the debit column total of the trial balance is ₹ 2,40,000 before correcting the error, what is the total of the
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credit column?
51. Classify the under-mentioned errors into: [4]
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(a) Error of Omission, (b) Error of Commission, (c) Compensating Error, and (d) Error of Principle:-
i. Purchased goods from Bhardwaj on credit for ₹600, but were recorded in the purchase book as ₹6,000.
ii. Amount paid for the proprietor’s life insurance premium was debited to ‘General Expenses Account’.
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iii. Goods amounting to ₹2,000 have been returned to Chakravarti, but no entry has been made in the books.
iv. An excess debit of ₹4,500 has been made in the account of X, whereas Ts account has been credited by
₹5,000 instead of ₹500.
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v. Goods sold to Suresh for ₹650 were recorded as ₹560 in the Sales Book.
vi. Typewriter purchased for office use has been debited to Purchases Account.
vii. Wages paid for the construction of Building ₹15,000 were recorded in ‘Wages Account’.
viii. Goods for ₹500 have been taken by the proprietor for his personal use, for which no entry has been passed in
the books.
52. What is the error of principle? Give two examples. [4]
53. From the following balances, taken from the books of M/s Dwarka Parshad & Sons as at 31st March 2017, [4]
prepare a Trial Balance in proper form:
Name of Accounts (₹) Name of Accounts (₹)
Cash in Hand 4,500 Machinery 24,000
Bank Overdraft 8,000 Land & Buildings 50,000
Opening Stock 20,000 Debtors 18,400
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Purchases 80,000 Creditors 8,500
Purchases Returns 2,000 Bills Receivable 2,850
Sales 1,30,000 Bills Payable 1,650
Sales Returns 5,000 Capital 60,000
Travelling Expenses 1,800 Drawings 6,000
Discount Allowed 600 Rent 3,700
Discount Received 1,500 Salaries 3,600
Loan (Cr.) 10,000
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Interest on Loan 1,200
54. From the following ledger balances, prepare trial balance [4]
Capital Rs.20,800; rent outstanding Rs.1,420; amount due to Param, Rs.15,000; drawing Rs.2,800; goodwill
Rs.12,000; interest received Rs.2,000; discount received Rs.1,580; amount due from Deepan Rs.26,000.
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55. From the following information, draw up a Trial Balance in the books of Shri Haridas Chaki as on 31st March, [4]
2019:
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Capital ₹ 1,40,000; Purchases ₹ 36,000; Discount Allowed ₹1,200; Carriage Inwards ₹ 8,700; Carriage
Outwards ₹ 2,300; Sales ₹ 60,000; Returns Inward ₹ 300; Returns Outward ₹ 700; Rent and Taxes ₹ 1,200; Plant
and Machinery ₹ 80,700; Stock on 1st April, 2018 ₹ 15,500; Sundry Debtors ₹ 20,200; Sundry Creditors ₹
ka
ab
12,000; Investments ₹ 3,600; Commission Received ₹ 1,800; Cash in Hand ₹ 100; Cash at Bank ₹ 10,100;
Motorcycle ₹ 34,600 and Stock on 31st March, 2019 (adjusted) ₹ 20,500.
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56. Describe the purpose for the preparation of trial balance. [4]
dd
57. The following Trial Balance has been prepared by an inexperienced accountant. [6]
Redraft it in the correct form and manner:
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Name of Accounts LF Balance Dr. Balance Cr.
₹ ₹
Cash in Hand 4,100

Ed
Machinery 25,000
Purchases 66,200
Sundry Debtors 24,300
Carriage Inward 1,800
Carriage Outward 700
Wages 17,500
Rent and Taxes 5,300
Sundry Creditors 17,000
Returns Outwards 2,400
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Returns Inwards 9,600
Capital 30,000
Drawings 6,300
Rank Loan 10,000
Sales 1,28,700
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Total 1,89,700 1,89,700
58. Following balances were extracted from the books of Shri A Jadeja on 31st March, 2013. You are required to [6]
prepare a trial balance. The amount required to balance should be entered as capital.
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Purchases 2,12,500 Drawings 9,625

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Stock (1st April,2012) 30,000 Return Inwards 4,375
Sales 1,31,250 Premises 6,60,000
Sundry Debtors 29,750 Sundry Creditors 20,125

ka
ab
Discount Received 4,375 Discount Allowed 3,500

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Carriage Outwards 875 Carriage Inwards 1,750
dd
Cash in Hand 4,375 Cash at Bank 21,875
Machinery 1,55,625 General Expenses 2,625

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Provision for Depreciation on

30,250 Bad Debts Written off 3,065
Machinery
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Provision for Doubtful Debts 2,975
59. The following trial balance has been prepared by an inexperienced accountant. You are required to prepare the [6]
trial balance in a correct form
Credit Balance
Name of Accounts LF Debit Balance (Rs.)
(Rs.)
Cash in Hand 10,000
Fixed Assets 12,500
Capital 38,600
Purchases 22,500
Sales 10,250
Discount Allowed 250
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Return Inward 500
Return Outward 700
Wages and Salary 5,000
Debtors 1,340
Creditors 4,700
Drawings 1,000
Discount Received 350
Bills Receivable 1,170
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Bills Payable 2,160
Rent 1,500
Interest Paid 1,000
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Total 52,460 61,060
60. From the following list of balances extracted from the books of Kumar prepare a trial balance as at 31st March, [6]
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2013. The amount required to balance should be entered as capital.
Purchases 3,64,000 Proprietor's Withdrawals 12,000

ka
ab
Stock on 1st April, 2012 70,000 Sundry Debtors 72,000

en
Sales 8,00,000 Sundry Creditors 24,000
dd
Sundry Expenses 3,000 Bad Debts 2,000
Leasehold Premises 1,00,000 Investment @ 10% 40,000

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Freehold Premises 3,60,000 Interest on Investment 4,000
Return Inwards 5,000 Long-term Borrowings 1,20,000

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Furniture and Fixtures 58,000 Loan from SBI 1,60,000
Equipment 1,60,000 Interest on Loan 13,000
Repairs to Equipment 1,000 Petty Cash Account 50
Depreciation 16,000 Balance at Bank 6,920
Stock on 31st March, 2013 (not

92,000
adjusted)
61. The following trial balance has been prepared by an inexperienced accountant Redraft it in a correct form [6]
Name of Accounts LF Debit Balance (Rs.) Credit Balance (Rs)
Cash in Hand 4,000
Machinery 25,000
Purchases 66,000
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Carriage Inward 2,000
Carriage Outward 1,000
Wages 18,000
Returns Outwards 2,500
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Returns Inwards 10,000
Capital 30,000
Drawings 6,000
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Bank Loan 10,000

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Sales ka 1,30,000
ab
Total 1,89,500 1,89,500

en
dd
62. The following is the Trial Balance prepared by an inexperienced accountant. [6]
Redraft it in the correct form and give necessary notes wherever necessary:
TRIAL BALANCE
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for the year ending 31st March, 2017
Balance Balance
Name of Accounts
Dr. Cr.
Ed
Purchases 53,500
Purchases Returns 2,100
Cash in Hand 11,000
Machinery 40,200
Goodwill 10,000
Sales 86,200
Sales Returns 7,800
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Loan from Ram 20,000
Interest on Ram’s Loan 3,000
Capital 57,000
Life Insurance Premium 5,000
Carriage 600
Advertisement 2,500
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Investments 8,000
Interest on Investments 800
Total 1,76,000 1,76,600
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63. From the following Ledger Balances draw up the Trial Balance: [6]
Capital 50,000
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Purchases 18,000
Input CGST 2,640

ka
ab
Input SGST 2,640
Input IGST 4,200

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Output CGST 3,000
dd
Output SGST 3,000

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Carriage 2,000
Sales 30,000
Returns Inward 3,000

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Salaries 7,000
Cash 10,000
Drawings 3,000
Bank Balance 5,000
Furniture 10,000
64. A book-keeper extracted the following Trial Balance as at 31st March, 2017: [6]
Balance Dr. Balance Cr.

Name of Accounts
₹ ₹
Stock on 1.4.2016 2,50,000
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Purchases 6,50,000
Sales 10,00,000
Motor Vans 3,80,000
Debtors and Creditors 1,50,000 94,000
Premises 3,00,000
Shop fittings 20,000
Interest on Bank Overdraft 16,000
Purchases Returns 10,000
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Sales Returns 20,000
Lighting and heating 18,000
Capital 5,00,000
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Repairs 2,500
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Electricity 6,500
Bank Overdraft ka 2,00,000

ab
Stock on 31.3.2017 3,30,000
Rent from subletting 15,000

en
dd
Suspense Account (difference in books) 13,000

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Total 19,92,500 19,92,500
You are required to redraft the trial balance correctly.

65. Prepare a trial balance on the basis of following ledgers at the year-end in correct form and manner. [6]
Ed
CASH BOOK
Dr. Cr.
Date Particulars L.F Cash Bank Date Particulars L.F Cash Bank
2015 ₹ 2015 ₹
Jan 1 To Capital A/c 5,00,000 Jan 2 By Bank A/c C 4,30,000
2 To Cash A/c C 4,30,000 3 By Purchases
10 To Sales A/c 36,000 A/c 42,000
12 To Sales 20 By Mukesh 5,52,000
A/c 20,000 27 By Rent A/c 8000
15 To Navdeep 4,70,000
18 To Onkareshwar 2,65,000
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5,36,000 11,85,000 4,38,000 5,94,000
31 By Balance c/d 98,000 5,91,000
5,36,000 11,85,000 5,36,000 11,85,000
Feb 1 To Balance b/d 98,000 5,91,000
CAPITAL ACCOUNT
Dr. Cr.
Date Particulars J.F Amount Date Particulars J.F Amount
2015 ₹ 2015 ₹
Jan 31 To Balance c/d 5,00,000 Jan 1 By Cash A/c 5,00,000
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Feb 1 By Balance b/d 5,00,000
PURCHASES ACCOUNT
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Dr. Cr.

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2015 ₹ ₹
Jan 3 To Bank A/c 42,000

ka
ab
31 To Sundries as per
Purchase Book 6,40,000

en
PURCHASES RETURN ACCOUNT
dd
Dr. Cr.

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₹ 2015 ₹
Jan 31 By Sundries as per Purchase Return Book 10,000

Ed
SALES ACCOUNT
Dr. Cr.
₹ 2015 ₹
Jan 10 By Cash A/c 36,000
12 By Bank A/c 20,000
31 By Sundries as per Sales Book 9,25,000
SALES RETURN ACCOUNT
Dr. Cr
2015 ₹ ₹
16 / 18
Jan 31 To Sundries as per Sales Return 15,000
Book
MUKESH
Dr. Cr.
2015 ₹ ₹
Jan 7 To Purchase Return Jan 6 By Purchases A/c 6,40,000
A/c 10,000
20 To Bank A/c 5,52,000
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31 To Balance c/d 78,000
6,40,000 6,40,000
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Feb 1 By Balance b/d 78,000
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Dr. Cr.
2015 ₹ 2015 ₹
ka
ab
Jan 13 To Sales A/c 6,00,000 Jan 15 By Bank A/c 4,70,000

en
31 By Balance c/d 1,30,000
dd
6,00,000 6,00,000
Feb 1 To Balance b/d 1,30,000

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ONKARESHVAR
Dr. Cr.
Ed
2015 ₹ 2015 ₹
Jan 14 To Sales A/c 3,25,000 Jan 15 By Sales Return A/c 15,000
18 By Bank A/c 2,26,000
31 By Balance c/d 45,000
3,25,000 3,25,000
Feb 1 To Balance b/d 45,000
RENT ACCOUNT
Dr. Cr.
2015 ₹ ₹
17 / 18
Jan 27 To Cash A/c 8000
66. Prepare a trial balance from the following balances of Shri Karan Johar as on 31st March, 2013 [6]
Amount Amount
Name of Accounts Name of Accounts
(Rs.) (Rs.)
Opening Stock 4,000 Furniture 1,200
Purchases 17,000 Machinery 12,400
Purchases Returns 1,000 Debtors 7,200
Sales 32,000 Creditors 2,550
Sales Returns 1,240 Bills Receivable 920
esh
Rent 240 Bills Payable 500
Salaries 1,140 Cash in Hand 1,044
ail
Advertisement 176 Bank Overdraft 2,000
Commission Received 288 Interest on Overdraft 360

Go y S
Discount (Cr) 142 Capital 10,000
Drawings 1,560
ka
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18 / 18

Trial Balance Sums

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EduAdda By Sailesh Goenka

Particulars L.F. Debit (₹) Credit (₹)

Stock on 1.4.2017 2,50,000

Debtors and Creditors ka 1,50,000 94,000

Shop Fittings 20,000

Interest on Bank Overdraft 16,000

Purchase Returns 10,000

Sales Returns 20,000

Lighting and Heating 18,000

Discound received 2,000

Repairs 2,500 6,500

Bank overdraft 2,00,000

Stock on 31.3.2018 3,30,000 15,000

Rent from subletting 8,000

Bill Receivable 13,000

Suspence Account (difference in the books) 19,92,500

c) Purchases d) Motor Vans

a) None of these b) Credit

a) Credit, expenses b) expenses, Debit

c) expenses, Credit d) Debit, expenses

c) judging the financial position d) locating errors of all types

a) None of these ka b) Single-sided error

c) Compensating errors d) Error of principle

c) None of these d) Practical accuracy

a) Helps in locating error b) Helps in preparing of Final accounts

c) Provide the summary of Ledger account d) Helps in calculating profit

a) Cash in Hand b) Bank Overdraft

c) Rent Outstanding d) Creditors

a) only debit balance b) only credit balance

c) both debit and credit balances d) None of these

c) None of these d) Only iii

c) Debit balance ka d) No balance

15. Fill in the blanks: [10]

(a) ledgers does not include (i) Debit balance

(c) Returns outward Account has (iii) posting to wrong Account

(d) Trail balance can't detect (iv) Total and balance

17. Match the following: [1]

(a) Trial balance is a (i) Ledger posting

(d) Trial balance should be prepared after (iv) Equal

18. Match the following: [1]

(a) Trail balance helps in (i) provide summary of ledgers

(b) Trail balance is used to (ii) Locating errors

19. Match the following: [1]

(b) A Trial balance shows (ii) Debit side

(a) Trial can't detect (i) Conclusive proof of Accounts

(b) Credit balance of Accounts are recorded in (ii) Any date

(c) Trial can be prepared on (iii) Credit columns of Trial

a) none of these b) debit

c) credit d) debit or credit

a) Compensating Errors b) Errors of Omission

c) Error of principle d) Errors of Commission

a) i, ii and iii b) only i

c) i and ii d) only iii

a) i and ii b) i and iii

c) i, ii and iii d) ii and iii

36. Give one example of the error of Commission. [1]

Capital 2,50,000 Purchases 2,15,300

Drawings 24,000 Sales 3,80,000

Debtors 57,000 Miscellaneous Expenses 8,200