Ask Preparation Of Trial Balance question free
×
Preparation Of Trial Balance Free Doubts and Solutions
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Prepare a correct trial balance by rectifying the errors done by the accountant in the below trial balance. Particulars L.F. Debit BalanceRs. Credit BalanceRs. Opening stock 51,300 Return outwards 24,000 Salary 18,000 Creditors 42,000 Bank 67,500 Carriage inwards 9,000 Rent received 4,500 Discount allowed 3,000 Purchases 1,50,000 Bills payable 30,000 Debtors 22,500 Carriage outwards 7,500 Capital 82,800 Machinery 27,000 Return inwards 4,500 Discount received 6,000 Trade expenses 9,000 Sales 2,10,000 Building 30,000 Total 3,99,300 3,99,300
Asked by Topperlearning User
27th July 2016,
1:10 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Prepare Trial Balance from the following information: Bank overdraft Rs.80,000 Purchase Rs.3,90,000 Outstanding Expenses Rs.20,000 Sales Rs.4,20,000 Rent paid in advance Rs.30,000 Purchase Return Rs.10,000 Opening stock Rs.1,10,000 Fixed Assets Rs.2,00,000 Interest Received Rs.15,000 Bank Loan Rs.1,85,000
Asked by Topperlearning User
27th July 2016,
1:01 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Which are the three ways of preparing trial balance?
Asked by Topperlearning User
26th July 2016,
12:53 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Prepare a trial balance from the following ledger balances. Particulars Rs. Particulars Rs. Cash in hand 7,200 Capital 66,000 Interest on loan 1,100 Drawings 3,330 Purchases 27,600 Machinery 8,000 Debtors 7,099 Advertisement 7,400 Sales 16,200 Fixed assets 21,000 Carriage inwards 1,100 Creditors 7400 Carriage outwards 1,300 Discount received 900 Salary 4,900 Return inwards 471
Asked by Topperlearning User
26th July 2016,
12:32 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
State with reason, in which column, the balance of the following accounts will be placed in the trial balance. Carriage inwards Building Insurance Bills payable
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
What are the points to be considered while preparing a trial balance?
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
State in which column the balance of the following accounts will be placed in the trial balance along with reason. Furniture Drawings Discount received Bad debts
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
From the following transactions, pass the necessary journal entries in the books of Mr. Arvind Shah, post the same in their ledger and prepare the trial balance. Date Particulars Rs. 2015 Apr 1 Arvind started business with cash 85,000 Apr 25 Purchased goods 25,000 Jun 16 Sold goods 30,000 July 1 Opened a bank account 20,000 Aug 23 Sold goods to Mr. Sujan 5,000 Sep 2 Goods returned by Sujan 1,500 Dec 21 Purchased stationery for cash 2,500 Mar 31 Paid salary in cash 5,000
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Given is the trial balance of Mr. Rajat as on 31st December, 2015. State the errors with reasons in the trial balance and prepare the correct trial balance. Particulars L.F. Debit BalanceRs. Credit BalanceRs. Opening stock 120,000 Return outwards 13,400 Salary 45,000 Creditors 85,000 Bank 150,000 Carriage inwards 8,000 Electricity charges 14,500 Discount received 6,800 Purchases 94,300 Bills payable 16,500 Debtors 31,400 Carriage outwards 2,500 Capital 200,000 Machinery 45,000 Sales 189,000 Total 453,100 568,300
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Correct the given trial balance by rectifying the mistakes and prepare a new trial balance. Particulars L.F. Debit BalanceRs. Credit BalanceRs. Capital 2,00,000 Opening stock 80,000 Purchases 1,00,000 Debtors 25,000 Creditors 30,000 Sales 1,00,000 Office expenses 12,000 Purchase return 4,000 Land and Building 1,00,000 Bills receivable 1,000 Salary 15,000 Bad debts 1,000 Total 4,32,000 2,36,000
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
The balances were extracted from the books of Mr. Rao on 31st March, 2015. You are required to prepare a trial balance using the information. Particulars Rs. Particulars Rs. Capital 46,000 Debtors 3,777 Opening stock 12,000 Return outwards 1,400 Interest on loan 3,600 Bad debts 1,423 Purchases 6,300 Cash in hand 4,789 Loan from Y bank 14,700 Sales 12,320 Drawings 4,500 Creditors 5,000 Machinery 6,000 Bank 18,631 Advertisement 3,000 Return inwards 1,400 Furniture 6,200 Discount received 2,400 Fixtures 3,300 Wages 6,900
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
From the given ledger balances, prepare a trial balance as on 31st January, 2015. Particulars Amount Rs. Particulars Amount Rs. Cash in hand 8,000 Carriage inwards 900 Machinery 18,000 Carriage outwards 500 Purchases 55,000 Wages 4,500 Sundry debtors 12,000 Capital 100,000 Sundry creditors 9,000 Drawings 4,000 Rent 3,600 Interest on loan 2,500
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Prepare a trial balance of Ms. Sunita’s account from the given ledger balances as on 31St March, 2015. Particulars Amount Rs. Particulars Amount Rs. Capital 80,000 Purchases 22,000 Opening stock 10,500 Bills receivable 2,800 Bills payable 4,300 Goodwill 15,000 Loan from bank 19,000 Plant and machinery 8,000 Sales 15,000 Debtors 5,000 Cash at bank 35,000 Office expenses 9,000 Investment @15% 11,000
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Prepare a trial balance of Shri. Krishna from the given ledger balances as on 31St March, 2015. Particulars Amount Rs. Particulars Amount Rs. Purchases 33,800 Return inwards 3,200 Carriage inwards 900 Carriage outwards 1,200 Unpaid wages 4,100 Cash in hand 3,800 Reserve for doubtful debts 1,300 Outstanding expenses 3,400 Interest received 5,900 Bank overdraft 12,600 Discount allowed 3,100 Debtors 7,400 Insurance 11,000 Creditors 34,100
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
From the following information, draw up a trial balance of Mr. Satish Menon as on 31st December, 2015. Capital Rs.59,000; Carriage outwards Rs.800; Interest on loan Rs.5,000; Stock on 1st Jan, 2015 Rs.4,500; Purchases Rs.41,400; Creditors Rs.15,000; Sales Rs.34,600; Premises Rs.56,900.
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
From the following ledger balances prepare the trial balance of Mr. Amol as on 31st March, 2015. Name of Accounts Amount Rs. Cash 88,000 Creditors 54,000 Computers 45,000 Rent 8,800 Commission 4,000 Sales 44,000 Bank loan 22,500 Bills payable 17,300
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
What are the limitations of trial balance?
Asked by Topperlearning User
26th July 2016,
12:17 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Prepare Trial Balance from the following information: Prepaid Expense Rs.5,000, Profit and Loss A/c (Profit) Rs.8,000, Outstanding Rent Rs.2,000, Bad Debts Recovered Rs.4,000, Interest on Investment Rs.1,000, Due to Mohan Rs.5,000, Bank overdraft Rs.2,000, Discount Allowed Rs.800, Due from Vinod Rs.1,200, Investment Rs.15,000, Patents Rs.4,000, Machinery Rs.6,000, Capital Rs.10,000.
Asked by Topperlearning User
1st July 2016,
3:14 PM
CBSE - XI Commerce - Accountancy Part I - Trial Balance and Rectification of Errors
Which accounts are not considered while preparing the trial balance?
Asked by Topperlearning User
1st July 2016,
3:14 PM
