{"id":12940,"date":"2021-03-29T11:14:33","date_gmt":"2021-03-29T05:44:33","guid":{"rendered":"https:\/\/wordpress-505192-1602719.cloudwaysapps.com\/?p=12940"},"modified":"2021-03-29T11:27:32","modified_gmt":"2021-03-29T05:57:32","slug":"samacheer-kalvi-11th-accountancy-solutions-chapter-5","status":"publish","type":"post","link":"https:\/\/samacheerkalviguru.com\/samacheer-kalvi-11th-accountancy-solutions-chapter-5\/","title":{"rendered":"Samacheer Kalvi 11th Accountancy Solutions Chapter 5 Trial Balance"},"content":{"rendered":"

Students can Download Accountancy Chapter 5 Trial Balance Questions and Answers, Notes Pdf, Samacheer Kalvi 11th Accountancy Book Solutions<\/a> Guide Pdf helps you to revise the complete Tamilnadu State Board New Syllabus and score more marks in your examinations.<\/p>\n

Tamilnadu Samacheer Kalvi 11th Accountancy Solutions Chapter 5 Trial Balance<\/h2>\n

Samacheer Kalvi 11th Accountancy Trial Balance Text Book Back Questions and Answers<\/h3>\n

I. Multiple Choice Questions
\nChoose the Correct Answer<\/p>\n

11th Accountancy Chapter 5 Book Back Answers Question 1.<\/strong>
\nTrial balance is a ………………
\n(a) Statement
\n(b) Account
\n(c) Ledger
\n(d) Journal
\nAnswer:
\n(a) Statement<\/p>\n

Trial Balance Questions With Solutions Pdf Question 2.<\/strong>
\nAfter the preparation of ledger, the next step is the preparation of ………………
\n(a) Trading account
\n(b) Trial balance
\n(c) Journal
\n(d) Profit and loss account
\nAnswer:
\n(b) Trial balance<\/p>\n

11th Accountancy 5th Chapter Solutions Question 3.<\/strong>
\nThe trial balance contains the balances of ………………
\n(a) Only personal accounts
\n(b) Only real accounts
\n(c) Only nominal accounts
\n(d) All accounts
\nAnswer:
\n(d) All accounts<\/p>\n

Trial Balance Questions And Answers Pdf Question 4.<\/strong>
\nWhich of the following is\/are the objective(s) of preparing trial balance?
\n(a) Serving as the summary of all the ledger accounts
\n(b) Helping in the preparation of final accounts
\n(c) Examining arithmetical accuracy of accounts
\n(d) (a), (b) and (c)
\nAnswer:
\n(d) (a), (b) and (c)<\/p>\n

Accounting 11 Chapter 5 Answers Question 5.<\/strong>
\nWhile preparing the trial balance, the accountant finds that the total of the credit column is short by \u20b9 200. This difference will be ………………
\n(a) Debited to suspense account
\n(b) Credited to suspense account
\n(c) Adjusted to any of the debit balance
\n(d) Adjusted to any of the credit balance
\nAnswer:
\n(b) Credited to suspense account<\/p>\n

Trial Balance Questions And Answers Question 6.<\/strong>
\nA list which contains balances of accounts to know whether the debit and credit balances are matched is ………………
\n(a) Journal
\n(b) Day book
\n(c) Trial balance
\n(d) Balance sheet
\nAnswer:
\n(c) Trial balance<\/p>\n

Trial Balance Question Question 7.<\/strong>
\nWhich of the following method(s) can be used for preparing trial balance?
\n(a) Balance method
\n(b) Total method
\n(c) Total and Balance method
\n(d) (a), (b) and (c)
\nAnswer:
\n(d) (a), (b) and (c)<\/p>\n

Trial Balance Questions Question 8.<\/strong>
\nThe account which has a debit balance and is shown in the debit column of the trial balance is ………………
\n(a) Sundry creditors account
\n(b) Bills payable account
\n(c) Drawings account
\n(d) Capital account
\nAnswer:
\n(c) Drawings account<\/p>\n

Trial Balance Question And Answer Question 9.<\/strong>
\nThe difference of totals of both debit and credit side of trial balance is transferred to ………………
\n(a) Trading account
\n(b) Difference account
\n(c) Suspense account
\n(d) Miscellaneous account
\nAnswer:
\n(c) Suspense account<\/p>\n

Trial Balance Sums Question 10.<\/strong>
\nTrial balance is prepared ………………
\n(a) At the end of the year
\n(b) On a particular date
\n(c) For a year
\n(d) None of the above
\nAnswer:
\n(b) On a particular date<\/p>\n

II. Very Short Answer Questions<\/p>\n

Trial Balance Class 11 Pdf Question 1.<\/strong>
\nWhat is trial balance?
\nAnswer:
\nTrial balance is a statement containing the debit and credit balances of all ledger accounts on a particular date. It is arranged in the form of debit and credit columns placed side by side and prepared with the object of checking the arithmetical accuracy of entries made in the books of accounts and to facilitate preparation of financial statements.<\/p>\n

Samacheer Kalvi Guru 11th Accountancy Question 2.<\/strong>
\nGive the format of trial balance.
\nAnswer:
\nTrial balance is prepared in the following format under the balance method:
\n\"11th<\/p>\n

Trial Balance Questions With Solutions Question 3.<\/strong>
\nWhat are the methods of preparation of trial balance?
\nAnswer:<\/p>\n

    \n
  1. Balanced method<\/li>\n
  2. Total method<\/li>\n
  3. Total and balance method<\/li>\n<\/ol>\n

    Trial Balance Questions With Answers Question 4.<\/strong>
    \nState whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance:<\/p>\n

      \n
    1. Carriage outwards<\/li>\n
    2. Carriage inwards<\/li>\n
    3. Sales<\/li>\n
    4. Purchases<\/li>\n
    5. Bad debts vi. Interest paid<\/li>\n
    6. Interest received<\/li>\n
    7. Discount received<\/li>\n
    8. Capital<\/li>\n
    9. Drawings<\/li>\n
    10. Sales returns<\/li>\n
    11. Purchase returns<\/li>\n<\/ol>\n

      Answer:
      \nTrial balance as on 31st<\/sup> March, 2017
      \n\"Trial
      \nIII. Short Answer Questions<\/p>\n

      Trial Balance Chapter Pdf Question 1.<\/strong>
      \nWhat are the objectives of preparing trial balance?
      \nAnswer:
      \nTrial balance is prepared with the following objectives:
      \n1. Test of arithmetical accuracy:
      \nTrial balance is the means by which the arithmetical accuracy of the book – keeping work is checked. When the totals of debit column and credit column in the trial balance are equal, it is assumed that posting from subsidiary books, balancing of ledger accounts, etc. are arithmetically correct. However, there may be some errors which are not disclosed by trial balance.<\/p>\n

      2. Basis for preparing final accounts:
      \nFinancial statements, namely, trading and profit and loss account and balance sheet are prepared on the basis of summary of ledger balances obtained from the trial balance.<\/p>\n

      3. Location of errors:
      \nWhen the trial balance does not tally, it is an indication that certain errors have occurred. The errors may have occurred at one or more of the stages of accounting process, namely, journalising or recording in subsidiary books, totalling subsidiary books, posting in ledger accounts.<\/p>\n

      Balancing the ledger accounts, carrying ledger account balances to the trial balance and totalling the trial balance columns, etc. Hence, the errors should be located and rectified before preparing the financial statements.<\/p>\n

      4. Summarised information of ledger accounts:
      \nThe summary of ledger accounts is shown in the trial balance. Ledger accounts have to be seen only when details are required in respect of an account.<\/p>\n

      Trial Balance Exercise With Answer Pdf Question 2.<\/strong>
      \nWhat are the limitations of trial balance?
      \nAnswer:
      \nThe following are the limitations of trial balance:<\/p>\n

        \n
      1. It is possible to prepare trial balance of an organisation, only if the double entry system is followed.<\/li>\n
      2. Even if some transactions are omitted, the trial balance will tally.<\/li>\n
      3. Trial balance may tally even though errors are committed in the books of account,<\/li>\n
      4. If trial balance is not prepared in a systematic way, the final accounts prepared on the basis of trial balance may not depict the actual state of affairs of the concern.<\/li>\n
      5. Agreement of trial balance is not a conclusive proof of arithmetical accuracy of entries made in the accounting records. This is because there are certain errors which are not : disclosed by trial balance such as complete omission of a transaction, compensating errors and error of principle.<\/li>\n<\/ol>\n

        Accountancy Class 11 Chapter 5 Solutions Question 3.<\/strong>
        \n\u2018A trial balance is only a prima facie evidence of the arithmetical accuracy of records\u2019. Do you agree with this statement? Give reasons.
        \nAnswer:
        \nYes, I agree with the statement. \u2018A trial balance is only a prima facie evidence of the arithmetical accuracy of records.<\/p>\n

        Reasons:
        \nTrial balance is the means by which the arithmetical accuracy of the book – keeping. work is checked. When the totals of debit column and credit column in the trial balance are equal, it is assumed that porting from subsidiary books, balancing of ledger accounts, etc.<\/p>\n

        IV. Exercises<\/p>\n

        Trial Balance Sums For Class 11 Question 1.<\/strong>
        \nPrepare a trial balance with the following information: (3 Marks)
        \n\"11th
        \nAnswer:
        \nTrial balance
        \n\"Trial<\/p>\n

        Chapter 5 Accounts Class 11 Solutions Question 2.<\/strong>
        \nPrepare the trial balance from the following information: (3 Marks)
        \n\"Accounting
        \nAnswer:
        \nTrial Balance
        \n\"Trial<\/p>\n

        Samacheer Kalvi Accountancy 11th Question 3.<\/strong>
        \nPrepare the trial balance from the following balances of Chandramohan as on 31st<\/sup> March, 2017. (3 Marks)
        \n\"Trial
        \nAnswer:
        \nTrial balance of Chandramohan as on 31st<\/sup> March, 2017
        \n\"Trial<\/p>\n

        Samacheer Kalvi 11th Accountancy Guide Question 4.<\/strong>
        \nPrepare the trial balance from the following balances of Babu as on 31st<\/sup> March, 2016. (3 Marks)
        \n\"Trial
        \nAnswer:
        \nTrial balance of Babu as on 31st<\/sup> March, 2016
        \n\"Trial<\/p>\n

        Question 5.
        \nFrom the following balances of Aijun, prepare the trial balance as on 31st<\/sup> March, 2018. (3 Marks)
        \n\"Trial
        \nAnswer:
        \nTrial balance of Arjun as on 31st<\/sup> March, 2018
        \n\"Samacheer<\/p>\n

        Question 6.
        \nPrepare the trial balance from the following balances of Rajesh as on 31st<\/sup> March, 2017. (3 Marks)
        \n\"Trial
        \nAnswer:
        \nTrial balance of Rajesh as on 31st<\/sup> March, 2017
        \n\"Trial<\/p>\n

        Question 7.
        \nPrepare the trial balance from the following balances of Karthik as on 31st<\/sup> March, 2017. (3 Marks)
        \n\"Trial
        \nAnswer:
        \nTrial balance of Karthik as on 31st<\/sup> March, 2017
        \n\"Trial<\/p>\n

        Question 8.
        \nFrom the following balance of Rohini, Prepare the trial balance as on 31st<\/sup> March, 2016. (3 Marks)
        \n\"Accountancy
        \nAnswer:
        \nTrial balance of Rohini as on 31st<\/sup> March, 2017
        \n\"Trial<\/p>\n

        Question 9.
        \nBalan who has a car driving school gives you the following ledger balances. Prepare trial balance as on 31st<\/sup> December, 2016. (3 Marks)
        \n\"Chapter
        \nAnswer:
        \nTrial balance of Balan as on 31st<\/sup> March, 2017
        \n\"Samacheer<\/p>\n

        Question 10.
        \nThe following balances are extracted from the books of Ravichandran on 31st<\/sup> December, 2016. Prepare the trial balance. (5 Marks)
        \n\"Samacheer
        \nAnswer:
        \nTrial balance of Rohini as on 31st<\/sup> March, 2017
        \n\"Samacheer<\/p>\n

        Question 11.
        \nFrom the following balances, Prepare trial balanceof Baskar as on 31st<\/sup> March 2017. Transfer the difference, if any, to suspense account. (5 Marks)
        \n\"Samacheer
        \nAnswer:
        \nTrial balance of Rohini as on 31st<\/sup> March, 2017
        \n\"Samacheer<\/p>\n

        Question 12.
        \nFrom the following balances extracted from the books of Rajeshwari as on 31st<\/sup> March, 2017, prepare the trial balance.
        \n\"Samacheer
        \nAnswer:
        \nTrial balance of Rajeshwari as on 31st<\/sup> March, 2017
        \n\"Samacheer<\/p>\n

        Question 13.
        \nCorrect the following trail balance:
        \n\"Samacheer
        \nAnswer:
        \nThe Corrected Trial balance
        \n\"Samacheer<\/p>\n

        Textbook Case Study Solved<\/p>\n

        Question 1.
        \nMary 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.
        \n\"Samacheer
        \nSolution:
        \nThere are some errors in Mary\u2019s Trial balance. The corrected trial balance has been written below:
        \nThe Corrected Trial balance of Mary
        \n\"Samacheer<\/p>\n","protected":false},"excerpt":{"rendered":"

        Students can Download Accountancy Chapter 5 Trial Balance Questions and Answers, Notes Pdf, Samacheer Kalvi 11th Accountancy Book Solutions Guide Pdf helps you to revise the complete Tamilnadu State Board New Syllabus and score more marks in your examinations. Tamilnadu Samacheer Kalvi 11th Accountancy Solutions Chapter 5 Trial Balance Samacheer Kalvi 11th Accountancy Trial Balance …<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[7],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/posts\/12940"}],"collection":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/comments?post=12940"}],"version-history":[{"count":0,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/posts\/12940\/revisions"}],"wp:attachment":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/media?parent=12940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/categories?post=12940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/tags?post=12940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}