TN STATEBOARD 11th ACCOUNTANCY UNIT 5
TEST
TRIAL BALANCE UNIT TEST
TEST –5
PADVIKSHA BLOG
TIME: 1 HOUR 25 Minutes
TOTAL MARKS: 25
I Multiple Choice Questions (MCQ) (Mark- 5 x 1 = 5)\
WRITE ALL QUESTIONS:
1. A list which contains balances of accounts to know whether the debit and credit balances are matched is
(a) Journal
(b) Day book
(c) Trial balance
(d) Balance sheet
2. The account which has a debit balance and is shown in the debit column of the trial balance is
(a) Sundry creditors account
(b) Bills payable account
(c) Drawings account
(d) Capital account
3. The difference of totals of both debit and credit side of trial balance is transferred to:
(a) Trading account
(b) Difference account
(c) Suspense account
(d) Miscellaneous account
4. Trial balance is prepared:
(a) At the end of the year
(b) On a particular date
(c) For a year
(d) None of the above
5. After the preparation of ledger, the next step is the preparation of
(a) Trading account
(b) Trial balance
(c) Journal
(d) Profit and loss account
II very short answer question. (3x2=6)
Write Any 3 Questions:
1. Give the format of trial balance.
2. State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance:
1. Carriage outwards
2. Carriage inwards
3. Sales
4. Purchases
3. Do you think that the ledger account postings are error free? If not, how do you make sure that the entries are correct?
4. What is trial balance?
5. What are the methods of preparation of trial balance?
III Short answer questions. (3 X 3 = 9)
WRITE ANY 3 QUESTIONS
1. Do you think the trial balance tallies all the time? What should be done when it does not tally?
2. Explain the needs for preparing TB:
3. What are the limitations of trial balance?
4. A trial balance is only a prima facie evidence of the arithmetical accuracy of records'. Do you agree with this statement? Give reasons.
5. Explain suspense account:
IV. Long Answer question (1 x 5 = 5)
WRITE ANY ONE QUESTION
1.
From the following balances, prepare trial balance of Baskar
as on 31st March, 2017.
Transfer the difference, if any, to suspense account.
` `
Opening stock 40,000
Debtors 25,000
Capital 90,000
Carriage inwards 16,500
Sales 1,77,200
Bills receivable 20,000
Salaries 12,000
Commission received 5,550
Bills payable 9,450
Cash at bank 17,000
Telephone charges 2,350
Furniture 19,000
Creditors 16,000
Plant & Machinery
55,800
Purchases 85,000
Repairs 550
2.
The following balances are extracted from the books of
Ravichandran on 31st December,
2016. Prepare the trial balance.
` `
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