Trial Balance questions with solutions class 11

Trial Balance questions with solutions class 11

Trial Balance questions with solutions class 11

Trial Balance questions with solutions class 11
Trial Balance questions with solutions class 11

Question 1

  Prepare Trial Balance for the following Balances as on 31st March 2021

Balances
Cost of Goods Sold 5,20,000
Opening Stock 50,000
Closing Stock 50,000
Salary and Wages 50,000
Sales 8,00,000
Plant & Machinery 2,00,000
Drawing 50,000
Investment 4,00,000
Creditors 1,00,000
Capital 4,00,000

Solution:

TRIAL BALANCE
(As on 31st March 2021)

Name of Account L.F Debit Balance Credit Balance
Cost of Goods Sold 5,20,000
Opening Stock 50,000
Salary and Wages 50,000
Sales 8,00,000
Plant & Machinery 2,00,000
Drawing 50,000
Investment 4,30,000
Creditors 1,00,000
Capital 4,00,000
Total 13,00,000 13,00,000

Cost of Goods Sold = Opening Stock + Net Purchase+Direct Expenses – Closing Stock

Note: If cost of goods sold given in the question appears on the debit side of the trial balance. In that case, opening stock not appears in the trial balance and the Closing stock appears on the debit side of the trial balance.

Trial Balance questions with solutions class 11

Question 2

The following balances were extracted from the ledger of Mr.Sachin as on 31st March 2021. You are required to prepare a trial balance as on that date.

Balances

Drawings  60,000
Salaries  95,000
Capital  2,40,000
Sales return  10,000
Sundry creditors  4,30,000
Purchases return   11,000
Bills payable  40,000
Commission paid  1,000
Sundry debtors   5,00,000
Trading expenses  25,000
Bills receivable  52,000
Discount earned  5,000
Plant & Machinery  45,000
Rent  20,000
Opening stock  3,70,000
Bank overdraft  60,000
Cash in hand  9,000
Purchases   7,08,000
Cash at bank  25,000
Sales  11,80,000
Investment  46,000
Closing Stock  80,000.

Solution:

TRIAL BALANCE
(As on 31st March 2021)

Name of Account L.F Debit Balance Credit Balance
Drawings  60,000
Salaries  95,000
Capital 2,40,000
Sales return  10,000
Sundry creditors 4,30,000
Purchases return   11,000
Bills payable 40,000
Commission paid  1,000
Sundry debtors   5,00,000
Trading expenses  25,000
Bills receivable  52,000
Discount earned  – 5,000
Plant & Machinery  45,000
Rent  20,000
Opening stock  3,70,000
Bank overdraft  – 60,000
Cash in hand  9,000
Purchases   7,08,000
Cash at bank  25,000
Sales 1,80,000
Investment  46,000
Total 19,66,000 19,66,000

Trial Balance questions with solutions class 11

Question 3

 Prepare Trial Balance for the Following as on 31st March 2021:

Balances  
Purchase: 5,05,000
Return Outward: 5,000
Sales: 8,20,000
Return Inward: 20,000
Debtors: 2,80,000
Cash in Hand: 20,000
Capital: 4,00,000
Plant and Machinery: 3,20,000
Wages: 30,000
Drawing: 50,000
Furniture: 35,000
Bank Overdraft: 32,000
Commission Received: 10,000
Rent Paid: 7000
General Reserve: 30,000
Manufacturing Expenses: 30,000
Prepaid Expenses: 5000
Bad Debt: 10,000
Creditors: 80,000
Administrative Expenses: 50,000
Bills Receivable: 20,000
Opening Stock: 25,000
Carriage Inward: 5000
Carriage Outward: 10,000
Bills Payable: 30,000
Bank Loan: 10,000

Solution:

TRIAL BALANCE
(As on 31st March 2021)

Name of Account L.F Debit Balance Credit Balance
Purchase: 5,05,000
Return Outward: 5,000
Sales: 8,20,000
Return Inward: 20,000
Debtors: 2,80,000
Cash in Hand: 20,000
Capital: 4,00,000
Plant and Machinery: 3,20,000
Wages: 30,000
Drawing: 50,000
Furniture: 32,000
Bank Overdraft: 35,000
Commission Received: 10,000
Rent Paid: 7,000
General Reserve: 30,000
Manufacturing Expenses: 25,000
Prepaid Expenses: 5,000
Bad Debt: 10,000
Creditors: 80,000
Administrative Expenses: 30,000
Bills Receivable: 20,000
Opening Stock: 25,000
Carriage Inward: 5,000
Carriage Outward: 10,000
Bills Payable: 30,000
Bank Loan: 10,000
Total 14,17,000 14,17,000

Trial Balance questions with solutions class 11

Question 4

  Prepare the Trial Balance for the following balances as of 31st March 2021.

                                                                         

Balances
Capital: 5,00,000
Opening Stock: 75,000
Purchase: 4,25,000
Salary & Wages: 10,000
Depreciation: 5000
Purchase Return: 15,000
Sales: 6,20,000
Sales Return: 20,000
Plant & Machinery: 4,00,000
Debtors: 1,50,000
Drawing: 40,000
Travel Expenses: 10,000
Creditors: 2,20,000
Bills Receivable: 80,000
Motor Vehicle: 2,00,000
Cash in Hand: 50,000
Investment: 40,000
Bad Debts: 6000
Carriage: 4000
Closing Stock: 65,000

Solution:

TRIAL BALANCE
(As of 31st March 2021)

Name of Account L.F Debit Balance Credit Balance
Capital Account: 5,00,000
Opening Stock: 75,000
Purchase: 4,25,000
Salary & Wages: 10,000
Depreciation: 50,000
Purchase Return: 15,000
Sales: 6,20,000
Sales Return: 20,000
Plant & Machinery: 4,00,000
Debtors: 1,50,000
Drawing: 40,000
Travel Expenses: 10,000
Creditors: 2,20,000
Bills Receivable: 80,000
Motor Vehicle: 2,00,000
Cash in Hand: 25,000
Investment: 20,000
Bad Debts: 6,000
Carriage: 4,000
Total 14,35,000 14,35,000

Trial Balance questions with solutions class 11

Question 5

The Following Balances were taken from the Books of Mohan Trader as of 28th February 2021.

Balances
Capital 5,00,000
Opening Stock 50,000
Debtors 2,00,000
Machinery 1,00,000
Cash 50,000
Investments 1,00,000
Sales 4,50,000
Purchases 3,00,000
Creditors 50,000
Land 2,00,000
Purchase Return 10,000
Sales Return 6,000
Wages 4,000

During the month of March 2021, the following Transactions were Recorded:

Transactions
Goods sold on Credit 1,60,000
Goods Purchase on Credit 1,00,000
Purchase Return 5,000
Sales Return 4,000
Drawing 10,000

Prepare Trial Balance for the Month of March 2021

Solution:

TRIAL BALANCE
(As of 31st March 2021)

Name of Account L.F Debit Balance Credit Balance
Capital 5,00,000
Opening Stock 50,000
Debtors (+1,60,000 – 4000) 3,56,000
Machinery 1,00,000
Cash (-10,000) 40,000
Investments 1,00,000
Sales (+1,60,000) 6,10,000
Purchases (+1,00,000) 4,00,000
Creditors (+1,00,000 – 5000) 1,45,000
Land 2,00,000
Purchase Return (+5,000) 15,000
Sales Return (+4,000) 10,000
Wages 4,000
Drawing 10,000
Total 12,70,000 12,70,000

 

Trial Balance questions with solutions class 11
Trial Balance questions with solutions class 11

Question for Practice

Question 6

From the following balances extracted from the books of a trader, prepare Trial Balance as on 31st March, 2021.

Capital ₹2,00,000
Sales ₹3,70,000
Purchases ₹1,70,000
Creditors ₹50,000
Debtors ₹1,00,000
Building ₹2,50,000
Opening Stock ₹50,000
Cash at Bank ₹50,000
Commission Paid ₹11,000
Rent received ₹15,000
Drawings ₹4,000

Question 7

From the following balances extracted from the books of Mr. K.K, prepare Trial Balance as on 31st March 2021.
Cash in hand ₹14,200
Cash at Bank ₹6,800
Bills Receivable₹ 28,000
Bills payable ₹26,000
Sundry debtors ₹54,600
Sundry creditors₹ 62,400
Capital ₹60,000
Drawings Computers₹ 28,000
Sales₹2,05,000
Purchases ₹1,75,000
Carriage ₹Inward 2,700
Salaries ₹12,000
Advertisement ₹2,400
Insurance ₹1,600
Furniture ₹7,500
Stock ₹18,600
Office Rent ₹2,000

Question 8

From the following balances extracted from the books of Mr. K.K, prepare Trial Balance as on 31st March, 2021.
Closing Stock ₹10,000
Cash in hand ₹14,200
Outstanding Expenses ₹4,400
Prepaid Expenses ₹1,400
Accrued Income ₹3,000
Cash at Bank ₹16,800
Bills Receivable₹ 28,000
Bills payable ₹36,000
Sundry debtors ₹54,600
Sundry creditors₹ 62,400
Capital ₹1,60,000
Drawings Computers₹ 28,000
Sales₹2,05,000
Purchases ₹1,75,000
Carriage ₹Inward 2,700
Salaries ₹12,000
Advertisement ₹2,400
Insurance ₹1,600
Furniture ₹7,500
Opening Stock ₹18,600
Office Rent ₹2,000
Investment ₹1,00,000

Question 9

From the following balances extracted from the books of Mr. P.K, prepare Trial Balance as on 31st March, 2021.

 Debtors ₹17,200
Cash at Bank ₹17,000
Creditors ₹16,000

Capital ₹70,000
Opening stock ₹8,000

Drawing ₹9,000
Wages ₹6,700

Purchases ₹60,000
Rent ₹5,000

Sales ₹82,000
Salary ₹8,400

Machine ₹35,700
Bills Payable ₹12,000

Furniture ₹13,000
General Reserve ₹23,000
Investment ₹20,000
Bank Loan ₹12,000
Factory Expenses ₹15,000

Trial Balance questions with solutions class 11

Also read: Trial Balance format definition and methods

Also read: 20 transactions with their Journal Entries, Ledger, and Trial balance

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