Commerce Exam > Commerce Notes > Accountancy Class 11 > Trial Balance - (Part-2)
Trial Balance - (Part-2) | Accountancy Class 11 - Commerce PDF Download
Page No 13.24:
Question 6: From the following information, prepare a Trial Balance of M/s. Prayag for the year ended 31st March, 2019:
ANSWER:
Question 7: Following are the Ledger Balances of Sri Paul on 31st March, 2018:
You are required to prepare Trial Balance as on 31st March, 2018.
ANSWER:
STATEMENT OF TRIAL BALANCE
Trial Balance
as on March 31, 2018
Page No 13.24:
Question 8: From the following balances extracted from the Ledger of Sri Narugopal, prepare Trial Balance as on 31st March, 2019:
ANSWER:
Page No 13.25:
Question 9: From the following Ledger account balances extracted from the books of R.J. Gupta, prepare a Trial Balance as on 31st March, 2019:
ANSWER:
Page No 13.25:
Question 10: Following Trial Balance is given but it is not correct. Prepare correct Trial Balance.
ANSWER:
Page No 13.25:
Question 11: Redraft correctly the Trial Balance given below: 
ANSWER:
Trial Balance
as on March 31, 2018
Page No 13.26:
Question 12: Correct the following Trial Balance:
ANSWER:
Page No 13.26:
Question 13: Prepare correct Trial Balance from the following Trial Balance in which there are certain mistakes:
ANSWER:
The document Trial Balance - (Part-2) | Accountancy Class 11 - Commerce is a part of the Commerce Course Accountancy Class 11.
All you need of Commerce at this link: Commerce
|
82 videos|167 docs|42 tests
|
FAQs on Trial Balance - (Part-2) - Accountancy Class 11 - Commerce
| 1. What is a trial balance in commerce? |  |
Ans. A trial balance is a statement that lists all the ledger balances of a business at a specific point in time. It is prepared to ensure that the total debit balances equal the total credit balances, which indicates that the accounting records are in balance.
| 2. Why is a trial balance important in commerce? | |
Ans. A trial balance is important in commerce because it helps in detecting errors and ensuring the accuracy of the accounting records. By comparing the total debits and credits, any discrepancies or mistakes can be identified and rectified before the preparation of financial statements.
| 3. How is a trial balance prepared in commerce? | |
Ans. To prepare a trial balance in commerce, all the ledger balances are extracted and listed in a specific format. The debit balances are listed in one column, and the credit balances are listed in another column. The totals of both columns are then calculated and compared to ensure they are equal.
| 4. What are the limitations of a trial balance in commerce? | |
Ans. Despite its usefulness, a trial balance has certain limitations in commerce. It cannot detect all types of errors, such as errors of omission or errors that cancel each other out. Additionally, a trial balance does not guarantee the accuracy of individual ledger balances, as long as the total debits equal the total credits.
| 5. How often should a trial balance be prepared in commerce? | |
Ans. In commerce, a trial balance is typically prepared at the end of an accounting period, such as monthly, quarterly, or annually. However, it can also be prepared more frequently for internal reporting purposes or to identify errors and discrepancies in a timely manner.
Related Exams
About this Document
|
4.88/5 Rating |
|
Nov 08, 2024 Last updated |
Document Description: Trial Balance - (Part-2) for Commerce 2024 is part of Accountancy Class 11 preparation.
The notes and questions for Trial Balance - (Part-2) have been prepared according to the Commerce exam syllabus. Information about Trial Balance - (Part-2) covers topics
like and Trial Balance - (Part-2) Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Trial Balance - (Part-2).
Introduction of Trial Balance - (Part-2) in English is available as part of our Accountancy Class 11
for Commerce & Trial Balance - (Part-2) in Hindi for Accountancy Class 11 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Trial Balance - (Part-2) | Accountancy Class 11 - Commerce
Description
Full syllabus notes, lecture & questions for Trial Balance - (Part-2) | Accountancy Class 11 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Accountancy Class 11 | Best notes, free PDF download
Information about Trial Balance - (Part-2)
In this doc you can find the meaning of Trial Balance - (Part-2) defined & explained in the simplest way possible. Besides explaining types of
Trial Balance - (Part-2) theory, EduRev gives you an ample number of questions to practice Trial Balance - (Part-2) tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,past year papers
,practice quizzes
,study material
,mock tests for examination
,Trial Balance - (Part-2) | Accountancy Class 11 - Commerce
,Exam
,shortcuts and tricks
,Important questions
,Trial Balance - (Part-2) | Accountancy Class 11 - Commerce
,Summary
,Previous Year Questions with Solutions
,Objective type Questions
,MCQs
,Viva Questions
,Free
,Sample Paper
,Trial Balance - (Part-2) | Accountancy Class 11 - Commerce
,ppt
,video lectures
,Extra Questions
;
Additional Information about Trial Balance - (Part-2) for Commerce Preparation
Trial Balance - (Part-2) Free PDF Download
The Trial Balance - (Part-2) is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Trial Balance - (Part-2) now and kickstart your journey towards success in the Commerce exam.
Importance of Trial Balance - (Part-2)
The importance of Trial Balance - (Part-2) cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Trial Balance - (Part-2) Notes
Trial Balance - (Part-2) Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Trial Balance - (Part-2).
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Trial Balance - (Part-2) Notes on EduRev are your ultimate resource for success.
Trial Balance - (Part-2) Commerce Questions
The "Trial Balance - (Part-2) Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Trial Balance - (Part-2) on the App
Students of Commerce can study Trial Balance - (Part-2) alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Trial Balance - (Part-2),
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Trial Balance - (Part-2) is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup