Trial Balance Questions | Accounts Class 11

Theory

Trial Balance Question 1 :

A Trial Balance is prepared with the help of _________.

Trial Balance Question 2 :

What are the two methods of preparing a Trial Balance?

Trial Balance Question 3 :

What is Totals Method?

Closing Balance of Assets,Liabilities, Expenses and Incomes

Trial Balance Question 4 :

Closing Balance of Plant and Machinery Account will be posted to _______________ side of Trial Balance.

Explanation:

All assets are shown in the debit side of Trial Balance. Hence, closing balance of Plant and Machinery Account will be posted to the debit side of Trial Balance.

Trial Balance Question 5 :

Closing Balance of Accounts Payable Account will be posted to _______________ side of Trial Balance.

Explanation:

All liabilities are shown in the credit side of Trial Balance. Hence, closing balance of Accounts Payable Account will be posted to the credit side of Trial Balance.

Trial Balance Question 6 :

Closing Balance of Cash at bank Account will be posted to _______________ side of Trial Balance.

Explanation:

All assets are shown in the debit side of Trial Balance. Hence, closing balance of Cash at bank Account will be posted to the debit side of Trial Balance.

Trial Balance Question 7 :

Closing Balance of Discount Received Account will be posted to _______________ side of Trial Balance.

Explanation:

All income are shown in the credit side of Trial Balance. Hence, closing balance of Discount Received Account will be posted to the credit side of Trial Balance.

Trial Balance Question 8 :

Closing Balance of Interest Paid Account will be posted to _______________ side of Trial Balance.

Explanation:

All expenses are shown in the debit side of Trial Balance. Hence, closing balance of Interest Paid Account will be posted to the debit side of Trial Balance.

Chapter 6 -Trial Balance and Rectification of Errors

1. Meaning of Trial Balance
2. Objectives of Preparing the Trial Balance
3. Preparation of Trial Balance – Trial Balance Questions
4. Significance of Agreement of Trial Balance
5. Searching of Errors
6. Rectification of Errors