{"id":35912,"date":"2022-10-03T16:33:01","date_gmt":"2022-10-03T11:03:01","guid":{"rendered":"https:\/\/apboardsolutions.guru\/?p=35912"},"modified":"2022-10-03T16:33:15","modified_gmt":"2022-10-03T11:03:15","slug":"ap-inter-1st-year-accountancy-study-material-chapter-10","status":"publish","type":"post","link":"https:\/\/apboardsolutions.guru\/ap-inter-1st-year-accountancy-study-material-chapter-10\/","title":{"rendered":"AP Inter 1st Year Accountancy Study Material Chapter 10 Trail Balance"},"content":{"rendered":"

Andhra Pradesh BIEAP\u00a0AP Inter 1st Year Accountancy Study Material<\/a> 10th Lesson Trail Balance Textbook Questions and Answers.<\/p>\n

AP Inter 1st Year Accountancy Study Material 10th Lesson Trail Balance<\/h2>\n

Short Answer Questions<\/span><\/p>\n

Question 1.
\nDefine ‘TrialBalance’.
\nAnswer:
\n“Trial Balance is a statement, prepared with the debit and credit balances of ledger accounts to test the arithmetical accuracy of the books.” – J.R. Batliboi
\n“A Trial Balance is a list of all the balances standing on the ledger accounts and cash book of a concern at any given date.” – Spicer and Peglar<\/p>\n

Question 2.
\nGive the format of Trial Balance.
\nAnswer:
\nTrial Balance of ……. as on ……
\n\"AP<\/p>\n

\"AP<\/p>\n

Question 3.
\nWhat are the objectives of the Trial Balance ?
\nAnswer:
\nObjectives of trial balance are :<\/p>\n

    \n
  1. To verify the arithmetical accuracy of ledger accounts.<\/li>\n
  2. To know the balances of various ledger accounts.<\/li>\n
  3. Final accounts can be prepared on the basis of trial balance.<\/li>\n
  4. Trial balances of various years are useful for comparison and get conclusions.<\/li>\n<\/ol>\n

    Question 4.
    \nWhat are the methods of preparation of Trial Balance ?
    \nAnswer:
    \nThere are two methods to prepare trial balance.<\/p>\n

      \n
    1. Total Balances Method : Under this method total of debit side and total of credit side of each individual a\/c is taken into trial balance. This method is not in use now.<\/li>\n
    2. Net Balances Method : Under this method, balance in each ledger a\/c is taken into trial balance. All the ledger a\/cs showing debit balances are put on the debit side of the trial balance and the accounts showing credit balances are put on the credit side.<\/li>\n<\/ol>\n

      Essay Type Questions<\/span><\/p>\n

      Question 1.
      \nWhat is Trial Balance ? How it is prepared ?
      \nAnswer:
      \nTrial balance is a statement of balances\/totals of accounts of a business concern and prepared to check the arithmetical accuracy of the books.
      \nPreparation of Trial balance : The following points are to be kept in the mind while preparing the Trial Balances.<\/p>\n

        \n
      1. Draw the pro forma of trial balance with the title.<\/li>\n
      2. Trial balance is a statement; hence we need not use the words ‘to’ or ‘by’.<\/li>\n
      3. Show all types of assets in debit column.<\/li>\n
      4. Show all types of liabilities in credit column.<\/li>\n
      5. Show all types of expenses in debit column,<\/li>\n
      6. Show all types of incomes in credit column.<\/li>\n
      7. Show reserves and surpluses \/ reserve funds \/ provisions in credit columns.<\/li>\n
      8. Show intangible assets in debit column E.g. good will, patents, royalties<\/li>\n
      9. Show purchases and sales returns in debit column.<\/li>\n
      10. Show sales, purchase returns in credit column.<\/li>\n<\/ol>\n

        \"AP<\/p>\n

        Question 2.
        \nExplain the merits and demerits of Trial Balance.
        \nAnswer:
        \nMerits:<\/p>\n

          \n
        1. It helps in ascertaining the arithmetical accuracy of ledger accounts.<\/li>\n
        2. It helps in detecting errors.<\/li>\n
        3. It helps to get a summary of the ledger accounts.<\/li>\n
        4. It helps in the preparation of final accounts.<\/li>\n<\/ol>\n

          Limitations:<\/p>\n

            \n
          1. Certain type of errors remain even when the trial balance tallies.<\/li>\n
          2. It is possible to prepare trial balance in which double entry book-keeping system is followed which is very expensive.<\/li>\n
          3. Even if some transactions are omitted the trial balance tallies.<\/li>\n<\/ol>\n

            Problems<\/span><\/p>\n

            Question 1.
            \nFrom the following balances taken from the books of Naveena as on December 2013, prepare a trial balance in proper form :
            \n\"AP
            \nAnswer:
            \nTrial Balance of Naveena as on December 2013
            \n\"AP<\/p>\n

            \"AP<\/p>\n

            Question 2.
            \nPrepare a Trial Balance from the following balances of Swathi as on 31st<\/sup> March 2013:
            \n\"AP
            \nAnswer:
            \nTrial Balance of Swathi as on 31st<\/sup> March 2013
            \n\"AP<\/p>\n

            Question 3.
            \nThe following Trial Balance has been prepared by an inexperienced accountant. Redraft it in a correct form :
            \n\"AP
            \n\"AP
            \nAnswer:
            \nCorrect Trial Balance
            \n\"AP<\/p>\n

            \"AP<\/p>\n

            Question 4.
            \nThe following are the Balances extracted from the books ofRuthwik, prepare a Trial Balance as on 31-03-2013.
            \n\"AP
            \n\"AP
            \nAnswer:
            \nTrial Balance of Ruthwik as on 31.03.2013
            \n\"AP<\/p>\n

            Question 5.
            \nFrom the following balances, prepare Trial Balance of Harshini as at 31-12-2013.
            \n\"AP
            \nAnswer:
            \nTrial Balance of Harshini as at 31.12.2013
            \n\"AP<\/p>\n

            \"AP<\/p>\n

            Question 6.
            \nThe following are the balances extracted from the books ofSarayu on 31-08-2013 Prepare the Trial Balance.
            \n\"AP
            \nAnswer:
            \nTrial Balance of Sarayu as on 31.8.2013
            \n\"AP<\/p>\n

            Question 7.
            \nThe following are the balances extracted from the books of Paddu as on 31 -01 – 2014. Prepare Trial Balance.
            \n\"AP
            \nAnswer:
            \nTrial Balance of Paddu as on 31.1.2014
            \n\"AP<\/p>\n

            Question 8.
            \nPrepare the Trial Balance of Renish as on 31.12.2013. (Mar. 2018 – A.P. ; May ’17 – A.P.)
            \n\"AP
            \nAnswer:
            \nTrial Balance of Renish as on 31.12.2013
            \n\"AP<\/p>\n

            Question 9.
            \nFrom the following balances prepare Trial Balance of Manas as on 31.12.2013.
            \n\"AP
            \nAnswer:
            \nTrial Balance of Manas as on 31.12.2013
            \n\"AP<\/p>\n

            Question 10.
            \nFrom the following balances prepare Trial Balance of Mridula as on 31.12.2013. (Mar. ’17 – A.P.)
            \n\"AP
            \nAnswer:
            \nTrial Balance of Mridula as on 31.12.2013
            \n\"AP<\/p>\n

            \"AP<\/p>\n

            Question 11.
            \nPrepare Trial Balance of Prafulla from the following balances as on 31.12.2013. (Mar. 2019 – T.S.)
            \n\"AP
            \nAnswer:
            \n\"AP<\/p>\n

            Question 12.
            \nPrepare Trial Balance of Suchitra as on 31.12.2013 from the following balances:
            \n\"AP
            \nAnswer:
            \nTrial Balance of Suchitra as on 31.12.2013
            \n\"AP<\/p>\n

            Question 13.
            \nPrepare trial Balance of Radha from the following balances:
            \n\"AP
            \nAnswer:
            \nTrial Balance of Radha
            \n\"AP<\/p>\n

            Question 14.
            \nPrepare Trial Balance of Snigdha form the following balances:
            \n\"AP
            \nAnswer:
            \nTrial Balance of Snigdha
            \n\"AP<\/p>\n

            Question 15.
            \nPrepare Trial Balance of Supreeth from the following balances as on 31-12-2010. [May – ’17 – T.S.]
            \n\"AP
            \nAnswer:
            \nTrial Balance of Supreeth as on 31.12.2010
            \n\"AP<\/p>\n

            \"AP<\/p>\n

            Question 16.
            \nPrepare Trial Balance of Rohitha : (Mar. 2018 – T.S.)
            \n\"AP
            \nAnswer:
            \nTrial Balance of Rohitha
            \n\"AP<\/p>\n

            Question 17.
            \nPrepare Trial Balance ofSusmitha from the following balances as on 31.03.2013.
            \n\"AP
            \nAnswer:
            \nTrial Balance of Smith as on 31.12.2013
            \n\"AP<\/p>\n

            Question 18.
            \nPrepare Trial Balance of Sudha from the following particulars:
            \n\"AP
            \nAnswer:
            \nTrial Balance of Sudha as on 31.12.2013
            \n\"AP<\/p>\n

            Question 19.
            \nPrepare Trial Balance from the following balances.
            \n\"AP
            \nAnswer:
            \nTrial Balance as on 31.12.2013
            \n\"AP<\/p>\n

            Student Activity<\/span><\/p>\n

            Visit any organisation and prepare a trial balance by extracting balances of accounts from its ledger.<\/p>\n","protected":false},"excerpt":{"rendered":"

            Andhra Pradesh BIEAP\u00a0AP Inter 1st Year Accountancy Study Material 10th Lesson Trail Balance Textbook Questions and Answers. AP Inter 1st Year Accountancy Study Material 10th Lesson Trail Balance Short Answer Questions Question 1. Define ‘TrialBalance’. Answer: “Trial Balance is a statement, prepared with the debit and credit balances of ledger accounts to test the arithmetical …<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[15],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts\/35912"}],"collection":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/comments?post=35912"}],"version-history":[{"count":2,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts\/35912\/revisions"}],"predecessor-version":[{"id":35914,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts\/35912\/revisions\/35914"}],"wp:attachment":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/media?parent=35912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/categories?post=35912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/tags?post=35912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}