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Grade 9 ch_3_trial balance_

Dr. Bhavik Shah
Dr. Bhavik Shah

This document contains 4 practice questions to prepare trial balances from financial information provided for different individuals on different dates. Each question provides financial data in a table with dollar amounts for assets, liabilities, equity, income and expenses. The questions ask to prepare the trial balance as of a specified date by listing the account titles and their balances. The document provides the answers to each trial balance preparation question.

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1 | P a g e ANAND NIKETAN INTERNATIONAL Satellite Campus Worksheet-Accounting-Ch.3 Grade: 9 Date: Name: ________________________________ 1. Prepare Trial Balance as on 31.12.2017 from the following balances of Mr. Aarav. $ $ Capital 3,40,000 Purchases 94,000 Trade Payables 13,000 Sales Returns 3,400 Drawings 4,000 Purchases Return 2,400 Salaries 38,200 Carriage inwards 1,400 Furniture 5,800 Printing & Stationery 5,000 Loan taken 7,000 Inventory 29,900 Trade Receivable 16,000 Machinery 50,000 Sales 1,44,000 Wages 5,000 Insurance 2,200 Rent 1,600 Land 2,50,000 Interest received 1,700 Commission received 800 Electricity charges 2,400 [Answer : $ 5,08,900] 2. The following balances are extracted from the books of Miss. Archi. Prepare Trial Balance as on 30.6.2017. $ $ Capital 4,70,200 Machinery 1,58,800 Cash in hand 6,000 Customers 48,000 Building 3,20,000 Repairs 5,400 Stock 33,000 Insurance premium 3,300 Suppliers 26,000 Sales 2,90,000 Commission paid 750 Telephone charges 6,450 Rent & Taxes 6,300 Furniture 11,000 Purchases 1,65,000 Discount earned 1,100 Salaries 70,600 Loan from Mohammed 57,000 Discount allowed 650 Bank (cr.) 5,900 Drawings 5,000 Motor Vehicle 8,600 Bad debts 1,350 [Answer : $ 8,50,200]
2 | P a g e 3. Prepare Trial Balance as on 31.3.2016 from the books of Miss Hirva. $ $ Capital 2,49,000 Drawings 24,000 General expenses 97,000 Building 78,000 Machinery 1,18,680 Stock 1,32,400 Wages 14,400 Insurance 2,610 Bad debts 1,100 Creditors 5,000 Sales 3,30,720 Loan (Cr.) 75,000 Commission 5,500 Purchases 2,10,800 Bills payable 7,700 Reserve Fund 15,000 Bank overdraft 28,600 Cash in hand 25,320 Discount 1,210 [Answer : $ 7,11,020] 4. Prepare Trial Balance as on 31.12.2017 from the following balances of Mr. Gaurav. $ $ Drawings 74,800 Purchases 2,95,700 Inventory (1.1.2017) 30,000 Discount received 1,000 Capital 2,50,000 Discount allowed 950 Furniture 33,000 Sales 3,35,350 Trade Creditors 75,000 Rent 72,500 Printing charges 1,500 Sundry expenses 21,000 Bank loan 1,20,000 Trade Debtors 52,500 Freight 3,500 Carriage outwards 1,500 Income tax 9,500 Insurance 1,200 Machinery 2,15,400 Bank Overdraft 31,700 [Answer : $ 8,13,050]

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Grade 9 ch_3_trial balance_

  • 1. 1 | P a g e ANAND NIKETAN INTERNATIONAL Satellite Campus Worksheet-Accounting-Ch.3 Grade: 9 Date: Name: ________________________________ 1. Prepare Trial Balance as on 31.12.2017 from the following balances of Mr. Aarav. $ $ Capital 3,40,000 Purchases 94,000 Trade Payables 13,000 Sales Returns 3,400 Drawings 4,000 Purchases Return 2,400 Salaries 38,200 Carriage inwards 1,400 Furniture 5,800 Printing & Stationery 5,000 Loan taken 7,000 Inventory 29,900 Trade Receivable 16,000 Machinery 50,000 Sales 1,44,000 Wages 5,000 Insurance 2,200 Rent 1,600 Land 2,50,000 Interest received 1,700 Commission received 800 Electricity charges 2,400 [Answer : $ 5,08,900] 2. The following balances are extracted from the books of Miss. Archi. Prepare Trial Balance as on 30.6.2017. $ $ Capital 4,70,200 Machinery 1,58,800 Cash in hand 6,000 Customers 48,000 Building 3,20,000 Repairs 5,400 Stock 33,000 Insurance premium 3,300 Suppliers 26,000 Sales 2,90,000 Commission paid 750 Telephone charges 6,450 Rent & Taxes 6,300 Furniture 11,000 Purchases 1,65,000 Discount earned 1,100 Salaries 70,600 Loan from Mohammed 57,000 Discount allowed 650 Bank (cr.) 5,900 Drawings 5,000 Motor Vehicle 8,600 Bad debts 1,350 [Answer : $ 8,50,200]
  • 2. 2 | P a g e 3. Prepare Trial Balance as on 31.3.2016 from the books of Miss Hirva. $ $ Capital 2,49,000 Drawings 24,000 General expenses 97,000 Building 78,000 Machinery 1,18,680 Stock 1,32,400 Wages 14,400 Insurance 2,610 Bad debts 1,100 Creditors 5,000 Sales 3,30,720 Loan (Cr.) 75,000 Commission 5,500 Purchases 2,10,800 Bills payable 7,700 Reserve Fund 15,000 Bank overdraft 28,600 Cash in hand 25,320 Discount 1,210 [Answer : $ 7,11,020] 4. Prepare Trial Balance as on 31.12.2017 from the following balances of Mr. Gaurav. $ $ Drawings 74,800 Purchases 2,95,700 Inventory (1.1.2017) 30,000 Discount received 1,000 Capital 2,50,000 Discount allowed 950 Furniture 33,000 Sales 3,35,350 Trade Creditors 75,000 Rent 72,500 Printing charges 1,500 Sundry expenses 21,000 Bank loan 1,20,000 Trade Debtors 52,500 Freight 3,500 Carriage outwards 1,500 Income tax 9,500 Insurance 1,200 Machinery 2,15,400 Bank Overdraft 31,700 [Answer : $ 8,13,050]