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11th Standard English Medium Accountancy Subject Trial Balance Book Back 2 Mark Questions with Solution Part - I Question Bank Software Jun-08 , 2021

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11th Standard English Medium Accountancy Subject Trial Balance Book Back 2 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Trial Balance Book Back 2 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10

    Part I

    5 x 2 = 10

  1. What is trial balance?

  2. Give the format of trial balance.

  3. What are the methods of preparation of trial balance?

  4. State whether the balance of the following accounts should be placed in the debit or the credit column of the trial balance
    (i) Carriage outwards
    (ii) Carriage inwards
    (iii) Sales
    (iv) Purchases
    (v) Bad debts
    (vi) Interest paid
    (vii) Interest received
    (viii) Discount received
    (ix) Capital
    (x) Drawings
    (xi) Sales returns
    (xii) Purchase returns

  5. State whether the balance of each of the following accounts should be placed in the debit or the credit column of the trial balance.
    1) Sundry debtors
    2) Creditors
    3) Cash in hand
    4) Bank overdraft
    5) Salary
    6) Discount allowed
    7) Plant and machinery
    8) Furniture

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