Trial balance is prepared before which stage?
- ACashbook
- BJournal proper
- CFinal account
- DBank reconciliation
35 questions across 3 question groups — pick any mix to generate a Account paper with step-by-step answer keys.
MCQ .(1 Marks)
10 Q→02Answer In One Or Two Sentence .(1 Marks)
15 Q→03Give Answer As Asked .(4 Marks)
10 Q→One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
| Name of Account | LF.No. | Total of Debit side (₹) | Total of Credit side (₹) |
| Capital A/c | - | $1,55,000$ | |
| Drawing A/c | $12,600$ | - | |
| Purchase A/c | $21,890$ | - | |
| Sales A/c | - | $90,400$ | |
| Debtor A/c (Suresh) | $10,500$ | $8500$ | |
| Creditor A/c (Ramesh) | $7500$ | $11,500$ | |
| Furniture A/c | $36,000$ | - | |
| Cash A/c | $6000$ | - | |
| Wages A/c | $4350$ | - | |
| Salary A/c | $5650$ | - | |
| Goods destroyed by fire A/c | - | $6100$ | |
| Stationery A/c | $2500$ | - | |
| Discount received A/c | - | $4500$ | |
| Purchase return A/c | - | $1390$ | |
| Bad debt A/c | $1500$ | - | |
| Building A/c | $1,68,900$ | - |
| Trial balance as at 31-3-19 | |||
| Name of Account (Debit balance) |
Amt. (₹) | Name of Account (Credit balance) |
Amt. (₹) |
| Capital | $78,200$ | Drawings | $2000$ |
| Stock of goods | $21,300$ | Carriage inward | $540$ |
| Sales | $56,000$ | Discount received | $1050$ |
| Goods returned debit | $5600$ | Bad debts reserve | $1200$ |
| Debtors | $17,000$ | Bad debts | $500$ |
| Wages | $1600$ | General reserve | $1500$ |
| Stationery expense | $1400$ | Goodwill | $25,000$ |
| Sales-return | $2300$ | Purchase | $45,000$ |
| Commission | $4700$ | Furniture | $18,950$ |
| Interest received | $390$ | Discount allowed | $3650$ |
| 1,88,490 | 99,390 | ||
| Trial balance as at 31-3-19 | |||
| Name of Account | Amt. (₹) | Name of Account | Amt. (₹) |
| Capital | $25,000$ | Drawing | $2500$ |
| Building | $3000$ | Debtors | $22,500$ |
| Creditors | $23,000$ | Bills receivable | $5000$ |
| Sales return | $350$ | Purchase return | $3000$ |
| Commission received | $2500$ | Interest on bank overdraft | $300$ |
| Goods destroyed by fire | $300$ | Rent paid | $2000$ |
| Bills payable | $2500$ | Loss due to theft | $350$ |
| Bank loan | $10,000$ | Goodwill | $31,000$ |
| 66,650 | 66,650 | ||
| Name of Account | Amt. (₹) | Name of Account | Amt. (₹) |
| Capital | $40,810$ | General reserve | $1000$ |
| Stock of goods | $4500$ | Debtors | $2610$ |
| Purchase | $12,500$ | Creditors | $1000$ |
| Sales | $17,500$ | Building | $35,000$ |
| Goods returned debit | $500$ | Bad debts | $250$ |
| Goods returned credit | $3570$ | Wages - salary | $120$ |
| Bank balance | $1230$ | Rent paid | $100$ |
| Tax Insurance | $610$ | Advertisment expense | $320$ |
| Name of Account | Amt. (₹) | Name of Account | Amt. (₹) |
| Carriage outward | $1750$ | Motor car | $25,100$ |
| Drawings | $3250$ | Sales | $15,000$ |
| Interest on bank loan | $1000$ | Tax - Insurance | $6900$ |
| Discount received | $650$ | Furniture - Fixtures | $20,100$ |
| Sales return | $750$ | Cash on hand | $3900$ |
| Capital | $50,600$ | $10 \%$ bank loan | $10,000$ |
| Purchase | $11,350$ | Insurance premium | $2150$ |
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