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Acc Section 4 B - Trial Balance Questions
Acc Section 4 B - Trial Balance Questions
Acc Section 4 B - Trial Balance Questions
Question 1
The following balances were taken from the books of Bashan Traders for the month
ended August 31, 2016. You are required to prepare a Trial Balance as at 31 August
2016.
$
Rent [E] 105
Bank [A] 6 615
Sales [R 18 440
Advertising [E] 83
Wages [E] 540
Capital 25 875
Equipment [A] 7 640
Sundry expenses [E] 227
Telephone expense [E] 1 200
Motor van [A] 150
Purchases 22 800
Furniture [A] 5 200
Commission received [R] 150
Interest received [R] 95
Assets - Debited
Capital – Credited
Liability – Credit
Purchases – Debited
Sales return/Return inwards – Debited
Sales – Credited
Purchase returns/Returns outwards- Credited
*Drawings - [always debited] it is money or goods the owner takes out of
the business for private use.
Question 2
1
The following balances were taken from the books of Dacres Ltd for the month ended
September 30, 2019. You are required to prepare Dacres’s Ltd trial balance as at 30September
2019.
$
Plant and equipment 21 450
Motor vehicles 26000
Premises 80 000
Wages 42 840
Purchases 119 856
Sales 179 744
Rent received 3 360
Telephone 3 600
Accounts payable 27 200
Accounts receivable 30 440
Bank-overdraft[L] 2216
Capital 131 250
*Drawings 10 680
General expenses 3584
Lighting and heating 2960
Motor expense 2360
Question 3
Prepare the trial balance for M. Clarke as at May 31, 2018.
Bank 7550
Sales 19250
Purchases 14500
Account receivable
3400
Drawings 3500
Salaries 750
Cash 100
Fixtures &Fittings 2500
Insurance 1200
Capital 10000
2
Question 4
The following trial balance has errors. Redraft the trial balance correctly.
Dr $ Cr $
Sales 69 039
Purchases 41 175
Electricity 2 572
Drawings 3 900
Rent 3 311
Wages 15 375
Telephone 438
Rent received 65
Debtors 3 235
Motor repairs expenses 5 963
Cash at bank 589
Rates refund 9 500
Equipment 29 000
Capital 26 954