Class 11 Accountancy Chapter 10 - Trial Balance

TS Grewal Solutions for Class 11 Accountancy Chapter 10 - Trial Balance is a

concept that students should consider while preparing for their Accountancy exam.
Here, are few solutions rendered in a simple and stepwise method.

Board CBSE

Class Class 11

Subject Accountancy

Chapter Chapter 10

Chapter Name Trial Balance

Number of
questions 7
solved

Category TS Grewal

Chapter 10 - Trial Balance defines the below-mentioned concepts:

● The Accounting Cycle.
● Accountants Transfer
● Journal Entries to a Ledger

TS Grewal Solutions for Class 11 Accountancy Chapter 10 - Trial Balance

QUESTION 1

With the following information prepare a trial balance.

Sr. No Name of Account Balance ₹ Sr. No Name of Account Balance ₹

 i. Capital 2,00,000 ii. Stock 70,000
iii. Cash 1,80,000 iv. Debtors 3,00,000
v. Creditors 1,00,000 vi. Bank Loan 1,50,000
vii. Sales 3,00,000 viii. Purchases 2,00,000

Solution.

Trial Balance

Sr. No Heads of Account Dr. (Rs) Cr. (Rs)

i. Capital 2,00,000
ii. Stock 70,000
iii. Cash 1,80,000
iv. Debtors 3,00,000
v. Creditors 1,00,000
vi. Bank Loan 1,50,000
vii Sales 3,00,000
viii. Purchase

7,50,000 7,50,000

QUESTION 2

Arrange the Trial Balance of Anu as on 31st March 2018. He has omitted to open a
capital account.

₹ ₹
Bank Overdraft 85,000 Purchase 4,45,000
Sales 8,10,000 Cash in Hand 8,500
Purchases Return 22,500 Creditors 2,15,000
Debtors 4,00,000 Sales Return 15,750
Wages 96,000 Equipment 25,000
Capital ? Opening Stoc 3,00,000

Solution.
 Trial Balance as on 31st March 2018

Sr. No Heads of Account Dr. (Rs) Cr. (Rs)

i. Bank Overdraft 85,000

ii. Sales 8,10,000
iii. Purchase Return 22,500
iv. Debtors 4,00,000
v. Wages 96,000
vi. Capital (Balancing Fig.) 1,58,750
vii Purchase 4,45,000
viii Cash in Hand 8,500
ix. Creditors 2,15,000
x Sales Return 15,750
xi Equipment 25,000
xii. Opening Stock 3,00,500

12,91,250 12,91,250

QUESTION 3

Arrange the Trial Balance.

₹ ₹
Capital 24,000 Building 12,000
Opening Stock 8,500 Returns Inward 1,900
Furniture 2,600 Return Outward 350
Purchases 8,950 Trade Expenses 1,000
Cash 7,300 Discount Received 970
Carriage 300 Salary 3,000
Sales 22,500 Office Rent 2,270

Solution.
 Trial Balance

Sr. No Heads of Account Dr. (Rs) Cr. (Rs)

i. Capital 24,000
ii. Opening Stock 8,500
iii. Furniture 2,600
iv. Purchases 8,950
v. Cash 7,300
vi. Carriage 300
vii. Sales 22,500
viii. Building 12,000
ix. Returns Inward 1,900
x. Return Outward 350
xi. Trade Expenses 1,00
xii. Discount Received 970
xiii. Salary 3,000
xiv. Office Rent 2,270
.

Total 47,820 47,820

QUESTION 4

Prepare a trial balance as on 31st March 2018 from the books of Mohan

₹ ₹
Cash 2,000 Sundry Creditor 40,000
Capital 80,000 Investment 8,000
Purchase 85,000 Plant & Machinery 15,000
Sale 1,08,400 Building 20,000
Purchase Return 6,000 Furniture 6,000
Sales Return 4,000 Electricity 700
TRansportation 1,800 Postage 400
Discount Allowed 500 Drawings 8,000
Printing 5,000 Salaries 6,000
Sundry Debtors 70,000 Traveling Expenses 2,000
Input CGST A/c 2,500 Output CGST A/c 1,500
Input SGST A/c 2,500 Output SGST A/c 1,500
Input IGST A/c 4,000 Output IGST A/c 6,000

Solution.

Trial Balance as on 31st March 2018

Sr. No Heads of Account Dr. (Rs) Cr. (Rs)

i. Cash 2,000
ii. Capital 80,000
iii. Purchase 85,000
iv. Sale 1,08,000
v. Purchase Return 6,000
vi. Sales Return 4,000
vii TRansportation 1,800
viii. Discount Allowed 500
ix. Printing 5,000
x. Sundry Debtors 70,000
xi. Input CGST A/c 2,500
xii. Input SGST A/c 2,500
xiii. Input IGST A/c 4,000
xiv. Sundry Creditor 40,000
xv. Investment 8,000
xvi. Plant & Machinery 15,000
xvii. Building 20,000
xviii. Furniture 6,000
 xix. Electricity 700
xx. Postage 400
xxi. Drawings 8,000
xxii. Salaries 6,000
xxiii. Traveling Expenses 2,000
xxiv. Output CGST A/c 1,500
xxv. Output SGST A/c 1,500
xxvi. Output IGST A/c 6,000

Total 2,43,400 2,43,400

QUESTION 5

Prepare a trial balance as on 31st March 2018 from the books of Pranay.

₹ ₹
Capital 75,00,000 Building 7,50,000
Plant 15,00,000 Stock on 1st April 2017 12,50,000
Cash in hand 2,500 Cash in Bank 5,75,000
Commission Received 1,75,000 Rates, Taxes & Insurance 30,000
Discount(Dr) 55,000 Discount (Dr.) 45,000
Purchases Return 50,000 Sundry Creditors 2,50,000
Interest Received 30,000 Sales 62,50,000
Repairing Charges 1,25,000 Book Debts 15,00,000
General Expenses 3,00,000 Rent 62,500
Wages 5,00,000 Purchases 48,00,000
Furniture 1,20,000 Carriage & Freight 75,000
Sales Return 90,000 Delivery Van 5,00,000
Loan Advanced 6,00,000 Traveling Expenses 50,000
Office Salaries 6,25,000 Drawings 6,00,000

Solution.
 Trial Balance as on 31st March 2018

Sr. No List of Items Debit Balances Credit Balances

i. Capital 75,00,000
ii. Plant 15,00,000
iii. Cash in hand 25,00
iv. Commission Received 1,75,000
v. Discount(Dr) 55,000
vi. Purchases Return 50,000
vii Interest Received 30,000
viii. Repairing Charges 1,25,000
ix. General Expenses 3,00,000
x. Wages 5,00,000
xi. Furniture 1,20,000
xii. Sales Return 90,000
xiii. Loan Advanced 6,00,000
xiv. Office Salaries 6,25,000
xv. Building 7,50,000
xvi. Stock on 1st April 2017 12,50,000
xvii. Cash in Bank 5,75,000
xviii. Rates, Taxes & Insurance 30,000
xix. Discount (Dr.) 45,000
xx. Sundry Creditors 2,50,000
xxi. Sales 62,50,000
xxii. Book Debts 15,00,000
xxiii. Rent 62,500
xxiv. Purchases 48,00,000
xxv. Carriage & Freight 75,000
xxvi. Delivery Van 5,00,000
xxvii. Traveling Expenses 50,000
xxviii. Drawings 6,00,000
Xxix. Suspense Account 1,90,000

Total 1,43,00,000 1,43,00,000

QUESTION 6
Redraft the mentioned below the trial balance.

Debit Balance ₹ Credit Balance ₹

Capital 8,000 Debtors 7,580

Bad Debts Recovered 250 Bank Deposits 2,750
Creditors 1,250 Discount Allowed 40
Return Outward 350 Drawings 600
Bank Overdraft 1,570 Return Inward 450
Rent 360 Sales 13,690
Salaries 850 Bills Payable 1,350
Trade Expenses 300 Grant Received 1,000
Cash in Hand 210
Opening Stock 2,450
Purchases 11,870

27,460 27,460

Solution.

Trial Balance

Debit Balance ₹ Credit Balance ₹

Rent 360 Capital 8,000

Salaries 850 Bad Debt Recovered 250
Trade Expenses 300 Creditors 1,250
Cash in Hand 210 Return Outward 350
Opening Stock 2,450 Bank Overdraft 1,570
Purchases 11,870 Sales 13,690
Debtors 7,580 Bills Receivable 1,350
Bank Deposits 2,750 Grant Received 1,000
Discount Allowed 40
Return Inward 450
Drawing 600

27,460 27,460

QUESTION 7

Redraft the mentioned below the trial balance.

 Debit Balance ₹ Credit Balance ₹

Opening Stock 1,02,000 Debtors 45,000

Return Outward 48,000 Carriage Outward 15,000
Salaries 36,000 Capital 1,65,600
Creditors 84,000 Machinery 54,000
Bank 1,35,000 Return Inward 9,000
Carriage Inwards 18,000 Discount Received 12,000
Rent Received 9,000 Trade Expenses 18,000
Discount Allowed 6,000 Sales 4,20,000
Purchases 3,00,000 Building 60,000
Bills Payable 60,000

7,98,600 7,98,600

Solution.

Trial Balance

Debit Balance ₹ Credit Balance ₹

Opening Stock 1,02,600 Return Outward 48,000

Salaries 36,000 Creditors 84,000
Bank 1,35,000 Rent Receivable 9,000
Carriage Inwards 18,000 Bills Payable 60,000
Discount Allowed 6,000 Capital 1,65,600
Purchases 3,00,000 Insurance Claim Received 12,000
Debtors 45,000 Sales 4,20,00
Carriage Outwards 15,000
Machinery 54,000
Return Inward 9,000
Trade Expenses 18,000
Building 60,000
7,98,600 7,98,600