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11th Accountancy Monthly Test - 4 ( Trial balance )

MABS Institution

11th Accountancy Monthly Test - 4 ( Trial balance )-Aug 2020

Time : 2.00 Hours

Part - A

Generic 5 - Answer All Question

Mary runs a textile store. She has prepared the following trial balance from her ledger balances. Her trial balance does not tally. She needs your help to check whether what she has done is correct.

S.No. Name of the account L.F. Debit Balance
Rs Credit Balance
Rs

1. Capital 50,000

2. Discount received 3,000

3. Rent paid 15,000

4. Salaries Paid 1,000

5. Purchases of textiles 20,000

6. Sale of textiles 30,000

7. Salesmen commission paid 9,000

8. Transport charges paid 6,000

9. Cash balance 32,000

89,000 77,000

Prepare Trial Balance from the following balances of Mrs. Dilshad as on 31.12.2012.

Name ofthe account Rs Name of the account Rs

Capital 4,20,000 Cash in hand 25,000

Building 1,15,000 Cash at bank 84,700

Machinery 60,000 Salaries 94,000

Furniture 11,000 Rent 48,000

Car 68,000 Commission 1,400

Opening stock 86,000 Rates and Taxes 2,600

Purchases 94,000 Bad debts 3,200

Sales 1,96,000 Insurance 2,400

Sundry debtors 16,200 General Expenses 800

Reserve for doubtful debts 7,300 Sundry Creditors 68,000

From the following balances extracted from the books of Raju a trader on automobiles, prepare trial balance as on 31 st March, 2017:

Particulars Rs Particulars Rs

Cash in hand 5,500 Direct expenses 5,000

Discount received 300 Carriage outwards 3,500

Creditors 15,000 Capital 45,000

Building 50,000 Purchases 49,700

Opening stock 6,000 Sales 59,400

The following balances are extracted from the books of Ravichandran on 31st December, 2016. Prepare the trial balance.

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

Prepare a trial balance with the following information:

Name of the Account Rs Name of the Account Rs

Purchases 1,00,000 Sales 1,50,000

Bank Loan 75,000 Creditors 50,000

Debtors 1,50,000 Cash 90,000

Stock 35,000 Capital 1,00,000

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

Prepare the trial balance from the following balances of Chandramohan as on 31^st March 2017.

Rs Rs

Capital 1,24,500 Bank Overdraft 5,800

Drawings 2,000 Motor Car 20,000

Loan Borrowed 7,000 General expenses 2,500

Sales 53,400 Building 1,10,000

Purchases 40,000 Stock 16,200

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

From the following balances. extracted from the books of Pearl, a trader, prepare trial balance as on 31st March, 2017.

Particulars Rs Particulars Rs

Capital 44,000 Interest on investment 2,000

Bills receivable 5,000 Customs duty 3,000

Wages 800 Computer 20,000

Drawings 4,000 Sales 72,000

Purchases 75,000 Opening stock 10,200

Prepare trial balance as on 31.03.2013 from the following balances of Mrs. Sujatha.

Name of the account Rs Name of the account Rs

Drawings 43,000 Purchases 2,98,000

Capital 2,12,000 Sales 3,64,000

Sundry creditors 61,500 Salaries 44,950

Bills Payable 22,000 Sales return 500

Sundry Debtors 55,000 Purchases return 2,550

Bills Receivable 72,600 Travelling expenses 12,300

Loan-from Shameem 2,50,000 Commission paid 250

Furniture & Fittings 12,250 Discount earned 2,000

Opening stock 2,23,500 Cash in hand 65,040

Cash at bank 86,250

Prepare trial balance as on 31st December, 2017 from the following balances of Balaraman.

Particulars Rs Particulars Rs

Capital 2,20,000 Repairs 2,400

Drawings 24,000 Office lighting 2,600

Furniture 63,500 Printing and stationery 2,700

Stock at the beginning 62,050 Bank loan 7,500

Bills receivable 9,500 Computer 25,000

Bills payable 8,750 Debtors 46,500

Purchases 88,100 Cash in hand 15,000

Sales 1,35,450 Cash at bank 27,250

Discount allowed 7,100 General expenses 7,100

Discount received 3,500 Creditors 7,600

Explain the methods of preparing trial balance.

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