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Chapters
2: Conceptual Framework of Accounting
3: Books of Prime Entry
4: Ledger
▶ 5: Trial Balance
6: Subsidiary Books - 1
7: Subsidiary Books - 2
8: Bank Reconciliation Statement
9: Rectification of Errors
10: Depreciation Accounting
11: Capital and Revenue Transactions
12: Final Accounts of Sole Proprietors - 1
13: Final Accounts of Sole Proprietors - 2
14: Computerised Accounting
![Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 5 - Trial Balance - Shaalaa.com](/images/accountancy-english-class-11-tn-board_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 5 - Trial Balance")
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Solutions for Chapter 5: Trial Balance
Below listed, you can find solutions for Chapter 5 of Tamil Nadu Board of Secondary Education Samacheer Kalvi for Accountancy [English] Class 11 TN Board.
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 5 Trial Balance Multiple choice questions [Pages 94 - 95]
Choose the correct answer
Trial balance is a _____________.
Statement
Account
Ledger
Journal
After the preparation of ledger, the next step is the preparation of ____________.
Trading account
Trial balance
Journal
Profit and loss account
The trial balance contains the balances of ____________.
Only personal accounts
Only real accounts
Only nominal accounts
All accounts
Which of the following is/are the objective(s) of preparing trial balance?
Serving as the summary of all the ledger accounts
Helping in the preparation of final accounts
Examining arithmetical accuracy of accounts
Serving as the summary of all the ledger accounts, Helping in the preparation of final accounts and Examining arithmetical accuracy of accounts
A list which contains balances of accounts to know whether the debit and credit balances are matched is _________.
Journal
Day book
Trial balance
Balance sheet
Which of the following method(s) can be used for preparing trial balance?
Balance method
Total method
Total and Balance method
Balance method, Total method and Total and Balance method
While preparing the trial balance, the accountant finds that the total of the credit column is short by ₹ 200. This difference will be __________.
Debited to suspense account
Credited to suspense account
Adjusted to any of the debit balance
Adjusted to any of the credit balance
The account which has a debit balance and is shown in the debit column of the trial balance is ____________.
Sundry creditors account
Bills payable account
Drawings account
Capital account
The difference of totals of both debit and credit side of trial balance is transferred to ____________.
Trading account
Difference account
Suspense account
Miscellaneous account
Trial balance is prepared ____________.
At the end of the year
On a particular date
For a year
None of the above
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 5 Trial Balance Very short answer questions [Pages 95 - 96]
What is a trial balance?
Give the format of trial balance.
What are the methods of preparation of trial balance?
State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance:
- Carriage outwards
- Carriage inwards
- Sales
- Purchases
- Bad debts
- Interest paid
- Interest received
- Discount received
- Capital
- Drawings
- Sales returns
- Purchase returns
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 5 Trial Balance Short answer questions [Page 96]
What are the objectives of preparing trial balance?
What are the limitations of trial balance?
‘A trial balance is only a prima facie evidence of the arithmetical accuracy of records’. Do you agree with this statement? Give reasons.
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board 5 Trial Balance Exercises [Pages 96 - 98]
Prepare a trial balance with the following information:
| Name of the account | ₹ | Name of the account | ₹ |
| 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 |
Prepare the trial balance from the following information:
| Name of the account | ₹ | Name of the account | ₹ |
| Bank loan | 2,00,000 | Purchases | 1,80,000 |
| Bills payable | 1,00,000 | Sales | 3,00,000 |
| Stock | 70,000 | Debtors | 4,00,000 |
| Capital | 2,50,000 | Bank | 2,00,000 |
Prepare the trial balance from the following balances of Chandramohan as on 31st March, 2017.
| Name of the account | ₹ | Name of the account | ₹ |
| 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 |
Prepare the trial balance from the following balances of Babu as on 31st March, 2016.
| Name of the account | ₹ | Name of the account | ₹ |
| Cash in hand | 7,000 | Bills receivable | 7,000 |
| Sundry debtors | 5,400 | Sundry creditors | 11,800 |
| Salaries | 6,800 | Capital | 25,000 |
| Bad debts | 200 | Purchases | 45,000 |
| Opening stock | 15,400 | Sales | 50,000 |
Prepare the trial balance from the following balances of Rajesh as on 31st March, 2017.
| Name of the account | ₹ | Name of the account | ₹ |
| Bills receivable | 13,000 | Drawings | 7,000 |
| Bank charges | 750 | Sundry debtors | 17,100 |
| Conveyance charges | 350 | Bills payable | 12,000 |
| Discount received | 1,300 | Capital | 25,900 |
| Cash in hand | 1,000 |
The following balances are extracted from the books of Ravichandran on 31st December, 2016. Prepare the trial balance.
| Name of the account | ₹ | Name of the account | ₹ |
| 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, prepare trial balance of Baskar as on 31st March, 2017. Transfer the difference, if any, to the suspense account.
| Name of the account | ₹ | Name of the 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 and Machinery | 55,800 |
| Purchases | 85,000 | Repairs | 550 |
Correct the following trial balance:
| Particulars | Debit Balance ₹ | Credit Balance ₹ |
| Opening Stock | 1,00,000 | |
| Salaries | 36,000 | |
| Creditors | 1,32,000 | |
| Bank | 35,000 | |
| Carriage inwards | 18,000 | |
| Rent received | 9,000 | |
| Discount allowed | 6,000 | |
| Purchases | 3,48,000 | |
| Bills payable | 60,000 | |
| Debtors | 45,000 | |
| Carriage outwards | 15,000 | |
| Capital | 1,63,000 | |
| Returns inward | 9,000 | |
| Discount received | 12,000 | |
| Trade expenses | 18,000 | |
| Sales | 3,68,000 | |
| Building | 1,14,000 | |
| Total | 7,44,000 | 7,44,000 |
Solutions for 5: Trial Balance
Samacheer Kalvi solutions for Accountancy [English] Class 11 TN Board chapter 5 - Trial Balance
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Concepts covered in Accountancy [English] Class 11 TN Board chapter 5 Trial Balance are Introduction of Trial Balance, Preparation of Trial Balance, Definition of Trial Balance, Features of Trial Balance, Objectives of Preparing Trial Balance, Limitations of Trial Balance, Methods of Preparing Trial Balance, Suspense Account.
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