Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th

# Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 5 - Trial Balance [Latest edition]

## Chapter 5: Trial Balance

Multiple choice questions [Pages 94 - 95]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 5 Trial BalanceMultiple choice questions [Pages 94 - 95]

Multiple choice questions | Q I 1. | Page 94

Trial balance is a _____________.

• Statement

• Account

• Ledger

• Journal

Multiple choice questions | Q I 2. | Page 95

After the preparation of ledger, the next step is the preparation of ____________.

• Trial balance

• Journal

• Profit and loss account

Multiple choice questions | Q I 3. | Page 95

The trial balance contains the balances of ____________.

• Only personal accounts

• Only real accounts

• Only nominal accounts

• All accounts

Multiple choice questions | Q I 4. | Page 95

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

Multiple choice questions | Q I 5. | Page 95

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

Multiple choice questions | Q I 6. | Page 95

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

Multiple choice questions | Q I 7. | Page 95

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

Multiple choice questions | Q I 8. | Page 95

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

Multiple choice questions | Q I 9. | Page 95

The difference of totals of both debit and credit side of trial balance is transferred to ____________.

• Difference account

• Suspense account

• Miscellaneous account

Multiple choice questions | Q I 10. | Page 95

Trial balance is prepared ____________.

• At the end of the year

• On a particular date

• For a year

• None of the above

Very short answer questions [Pages 95 - 96]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 5 Trial BalanceVery short answer questions [Pages 95 - 96]

Very short answer questions | Q II 1. | Page 95

What is a trial balance?

Very short answer questions | Q II 2. | Page 95

Give the format of trial balance.

Very short answer questions | Q II 3. | Page 95

What are the methods of preparation of trial balance?

Very short answer questions | Q II 4. | Page 96

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
6. Interest paid
9. Capital
10. Drawings
11. Sales returns
12. Purchase returns

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 5 Trial BalanceShort answer questions [Page 96]

Short answer questions | Q III 1. | Page 96

What are the objectives of preparing trial balance?

Short answer questions | Q III 2. | Page 96

What are the limitations of trial balance?

Short answer questions | Q III 3. | Page 96

‘A trial balance is only a prima facie evidence of the arithmetical accuracy of records’. Do you agree with this statement? Give reasons.

Exercises [Pages 96 - 98]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 5 Trial BalanceExercises [Pages 96 - 98]

Exercises | Q IV 1. | Page 96

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
Exercises | Q IV 2. | Page 96

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
Exercises | Q IV 3. | Page 96

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
Exercises | Q IV 4. | Page 96

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
Exercises | Q IV 5. | Page 97

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
Exercises | Q IV 6. | Page 97

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
Exercises | Q IV 7. | Page 97

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
Exercises | Q IV 8. | Page 98

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

## Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 5 - Trial Balance

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 5 (Trial Balance) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Tamil Nadu Board of Secondary Education Class 11th Accountancy Answers Guide solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Tamil Nadu Board Samacheer Kalvi textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Class 11th Accountancy Answers Guide chapter 5 Trial Balance are Introduction of Trial Balance, Preparation of Trial Balance, Features of Trial Balance, Definition of Trial Balance, Objectives of Preparing Trial Balance, Limitations of Trial Balance, Methods of Preparing Trial Balance, Suspense Account.

Using Tamil Nadu Board Samacheer Kalvi Class 11th solutions Trial Balance exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Tamil Nadu Board Samacheer Kalvi Solutions are important questions that can be asked in the final exam. Maximum students of Tamil Nadu Board of Secondary Education Class 11th prefer Tamil Nadu Board Samacheer Kalvi Textbook Solutions to score more in exam.

Get the free view of chapter 5 Trial Balance Class 11th extra questions for Class 11th Accountancy Answers Guide and can use Shaalaa.com to keep it handy for your exam preparation