Module2 Questions on Trial Blance

Questions on Trial Balance

Golden Rules to Prepare Trial Balance

 All the expenses and losses accounts show a debit balance

 All incomes and gains accounts show a credit balance
 All assets accounts show a debit balance
 All liabilities account shows a credit balance

For Example

Sl.NO Name of the Account Debit/ Credit Balance

1 Capital Account Credit Balance

2 Drawings Account Debit Balance

3 Opening Stock Debit Balance

4 Purchases Debit Balance

5 Purchase Returns / Return Outwards Credit Balance

6 Sales Credit Balance

7 Sales Return /Return Inwards Debit Balance

8 Debtors Debit Balance

9 Creditors Credit Balance

10 Bills Receivable Debit Balance

11 Bills Payable Credit Balance

12 Closing Stock Shall Not be included in the

Trial Balance
13 Bad Debts Debit Balance

14 Discount Allowed Debit Balance

15 Discount Received Credit Balance

16 Commission Received Credit Balance

17 Commission Paid Debit Balance

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Module2 Questions on Trial Blance

Questions / Problems
Illustration 1:- From the following information prepare a trial balance as on 31st march 2021

Particulars Amount Particulars Amount

Capital Account 12,500 Bank (Cr.Balance) 2,850
Sales 15,450 Purchase Returns 125
Furniture and Fittings 640 Commission (Cr) 375
Motor Car 6,250 Sales Returns 200
Buildings 7,500 Advertisement 250
Total Debtors 3,800 Interest Account (Dr) 118
Total Creditors 2,500 Cash Balance 650
Bad Debts 125 Insurance & tax 1,250
Stock on 1-4-2020 3,460 Salaries 4,082
Purchases 5,475

Illustration 2:- Prepare a trial balance from the following ledger balances. Motor vehicle 10,000,
cash 5,600, drawings 6200, bank Overdraft 7500, Purchase return 700, debtors 13200, bad debts
1200, stock 6400, creditors 7700, Capital 32800, Sales 14400,goodwill 12000, purchases 8800,
rent from tenant 3500, stationery 1500, depreciation

Illustration 3:- From the following balances extracted from the books of shivanand as at 31-12-
2021, prepare his trial balance.

Shivanad’s Capital 60,000

Shivanand,s Drawings 12,000

Land and Buildings 40,000

Purchases 90,000

Opening stock 20,000

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Module2 Questions on Trial Blance

Sales 1,60,000

Return Inwards 3,000

Wages 7,000
Return Outwards 1,000
Plant& Machinery 9,000
Discount Earned 2,000
Discount Allowed 1,200
Commission (Cr) 1,500
Furniture &Fixtures 12,800
Bills Payable 6,500
Bills Receivable 6,000
Salaries 14,000
Sundry Debtors 19,000
Sundry Creditors 15,000
Advertisement Charges 600
Printing & Stationery 400
Interest paid 900
Cash in hand 100
Bank Overdraft 4,000
Taxes & Insurance 300
Postage & Telegrams 500
Investments 13,000
Sundry Expenses 200

Illustration 4:-Prepare the trial Balance from the following items:

Mohan’s Capital Account 40,000

Mohan’s Drawings Account 6,000
Opening Stock 15,000
Cash at Bank 24,000
Cash in hand 500
Loan from Keshav 20,000
Machinery 30,000
Furniture 12,500
Debtors 45,000
Creditors 50,000

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Module2 Questions on Trial Blance

Purchases 35,000
Discount Allowed to customers 1,000
Return Inwards 3,000
Return Outwards 2,000
Sales 68,000
Carriage 400
Printing & Stationery 600
Rent & Taxes 800
Office Salaries 6,200

Illustration 5:- From the following balances extracted from the ledger of Prabhu,
prepare his trial balance:

Prabhu’s Drawings Account 7,000

Prabhu’s Capital Account 80,000
Rent Account 3,000
Discount Received 1,400
Sundry Debtors 60,000
Bills receivable 6,000
Sundry Creditors 40,000
Bills Payable 10,000
Return From Customers 3,000
Returns to creditors 2,000
Loan Advanced to Raj & Co 12,000
Fixtures and Fittings 14,000
Stock at Commencement 16,000
Insurance 700
Commission 1,600
Cash in Office 1,300
Bank Overdraft 8,000
Purchases 65,000
Travelling Expenses 800
Sales 97,000
Salaries to staff 11,000
Plant & Machinery 40,000
Interest Paid 200

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Module2 Questions on Trial Blance

Illustration 6:- From the following balances Prepare Trial Balance:

Bank Overdraft 2,800

Cash in Hand 400
Purchase Returns 800
Sundry Expenses 2,400
Sales Returns 1,600
Salaries 1,600
Purchases 5,600
Sales 8,800
Creditors 2,400
Debtors 1,600
Stock (Opening) 2,000
Plant and Machinery 4,000
Capital 4,400

Illustration 7:- Prepare the trial Balance from the following Ledger Balance:

Chotalal’s Capital account 80,000

Chotalal’s Drawings account 12,000
Opening Stock 30,000
Cash at Bank 48,000
Cash in hand 1,000
Loan from Badelal 40,000
Machinery 60,000
Furniture 25,000
Sundry Debtors 90,000
Sundry Creditors 1,00,000
Purchases 70,000
Discount Allowed 2,000
Return Inwards 6,000
Return Outwards 4,000
Sales 1,36,000
Carriage 800
Printing & Stationery 1,200
Rent & Taxes 1,600
Salaries 10,000
Advertisement 2,400

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Module2 Questions on Trial Blance

Illustration 8:- From the following ledger balances prepare the trial balance as on
31-3-2021:

Capital 50,000
Loan from Bank 80,000
Purchases 30,000
Sales 45,000
Sundry Debtors 35,000
Sundry Crediors 25,000
Furniture 22,800
Rent Paid 20,600
Salaries 25,400
Computer 32,000
Interest Paid 14,800
Cash on Hand 19,400

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