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11th Standard English Medium Accountancy Subject Trial Balance Creative 3 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Trial Balance Creative 3 Mark Questions with Solution Part - I

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15
    5 x 3 = 15

  1. From the following balances extracted from the books of Mrs. Kokila, prepare trial balance as on 31.03.2017.

       Rs     Rs 
     Purchases    40,000   Advertisement     4,000
     Rent paid 2,000   Generalexpenses  700
     Discount received   1,000   Commission paid  1,500
     Carriage inward 2,700   Capital  50,000
     Closing stock 38,600   Sales 38,500

  2. Explain the various methods of preparing trial balance.

  3. Explain the need for preparing trial balance.

  4. Explain the features of trial balance.

  5. What is Suspense Account? When is it opened?

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