IGCSEAccountingEdexcelIntroduction to Bookkeeping & AccountingExam QuestionsIntroduction to Control ProcessesTrial Balance

Trial Balance (Edexcel IGCSE Accounting: Introduction to Bookkeeping & Accounting): Exam Questions

Exam code: 4AC1

2 hours12 questions
1a
Sme Calculator
11 marks

Vaughn provided the balances at 30 April 2024.

Prepare the trial balance at 30 April 2024.

Trial balance at 30 April 2024

Account

Balance
$

Debit
$

Credit
$

Advertising

3260

Bank loan

18400

Bank overdraft

12880

Carriage inwards

530

Drawings

23400

Equity

44300

General expenses

12290

Inventory at 1 May 2023

39800

Machinery – cost

55270

Machinery – provision for depreciation

26130

Mortgage

63000

Premises

84000

Purchases

133910

Returns inwards

820

Revenue

223730

Trade payables ledger control

34640

Trade receivables ledger control

32830

Wages

36970

Total

How did you do?

1b
4 marks

Explain to Vaughn two advantages of preparing a trial balance.

How did you do?

2
5 marks

Identify, indicating with a tick (✓), on which side of a trial balance each would be shown.

Account

Debit

Credit

Carriage inwards

Carriage outwards

Equity

Other receivables

Other payables

How did you do?

3a
2 marks

Explain one benefit of preparing a trial balance.

How did you do?

3b
3 marks

Explain one limitation of preparing a trial balance.

How did you do?

4
9 marks

Rodrigo provided the following balances at 30 April 2023.

Prepare the trial balance entering any difference in an appropriate account.

Trial balance at 30 April 2023

Account

Balance
$

Debit
$

Credit
$

Bank loan

18450

Carriage inwards

183

Cash

3964

Drawings

19730

Equipment cost

37860

Equipment provision for depreciation

13940

Equity

28500

General expenses

21010

Inventory at 1 May 2022

23940

Purchases

69875

Revenue

136210

Trade payables ledger control

8352

Trade receivables ledger control

17197

Wages

6000

Total

How did you do?

5a
Sme Calculator
10 marks

Complete the corrected trial balance.

Trial Balance at 30 September 2022

Draft trial balance

Corrected trial balance

Account

Debit
$

Credit
$

Debit
$

Credit
$

Bank overdraft

4 250

Carriage inwards

480

Discount allowed

370

Drawings

8 300

Equity

17 800

General expenses

14 350

Inventory 1 October 2021

7 200

Irrecoverable debts

390

Loan to employee

100

Motor vehicle – cost

22 300

Motor vehicle – provision for depreciation

13 380

Premises

44 000

Purchases

64 380

Rent received

480

Returns inwards

550

Revenue

124 800

Trade payables

8 420

Trade receivables

6 710

Total

How did you do?

5b
2 marks

Explain what is indicated if both totals of a trial balance are the same.

How did you do?

6
Sme Calculator
8 marks

A trader provided the following balances at 31 March 2022.

Prepare the trial balance, entering any difference in the suspense account.

Trial Balance at 31 March 2022

Account

$

Debit
$

Credit
$

Bank loan

1300

Bank overdraft

810

Carriage inwards

630

Drawings

12810

Equity

12380

General expenses

9250

Inventory at 1 April 2021

21250

Irrecoverable debts

390

Motor vehicles – Cost

14900

Motor vehicles – Provision for depreciation

8940

Purchases

69220

Sales

112100

Trade payables ledger control

8230

Trade receivables ledger control

15420

Suspense

Totals

How did you do?

7a
2 marks

State one advantage and one disadvantage of preparing a trial balance.

Advantage .................................................

Disadvantage .................................................

How did you do?

7b
10 marks

Complete the table, using a tick (✓), to identify in which column of the trial balance each item would be entered. The first item has been completed as an example.

Debit

Credit

Inventory

✓

Bank overdraft

Carriage inwards

Discount received

Drawings

Equity

Machinery – provision for depreciation

Provision for irrecoverable debts

Rent received

Returns inwards

Trade receivables

How did you do?

8
5 marks

Evaluate the advantages and disadvantages of preparing a trial balance.

How did you do?

9a
Sme Calculator
10 marks

Raheem has prepared the following incorrect trial balance.

Prepare the corrected trial balance.

Trial balance at 30 April 2020

Account

Debit

$

Credit

$

Debit

$

Credit

$

Bank overdraft

3 850

Carriage inwards

260

Carriage outwards

830

Discount allowed

1 010

Drawings

8 400

Equity

27 460

General expenses

18 470

Inventory at 1 May 2019

6 960

Irrecoverable debts

380

Property at cost

36 000

Motor vehicles

– cost

– provision for depreciation

18 300

10 980

Purchases

44 310

Rent received

1 650

Returns outwards

570

Revenue

96 740

Trade payables ledger control account

9 150

Trade receivables ledger control account

15 480

Suspense

17 740

Totals

159 270

159 270

How did you do?

9b
5 marks

Evaluate the benefits of preparing a trial balance.

How did you do?

10
2 marks

Complete the following sentence.

The main purpose of a trial balance is to check the .................. ................. of the double entry.

How did you do?

11
Sme Calculator
10 marks

Complete the trial balance at 31 December 2019. Any difference should be entered in the suspense account.

Trial Balance at 31 December 2019

Account

Balance

Trial balance

Debit $

Credit $

Bank overdraft

770

Carriage inwards

880

Discount allowed

340

Drawings

4 500

Equity

9 090

General expenses

15 110

Inventory

12 260

Irrecoverable debts

700

Motor expenses

2 400

Motor vehicle – cost

9 800

Motor vehicle – provision for depreciation

2 440

Purchases

48 000

Returns outwards

940

Revenue

86 910

Trade payables

3 620

Trade receivables

10 050

Suspense

Total

How did you do?

12
Sme Calculator
5 marks

Prepare the trial balance at 31 May 2018 for Aung.

Aung

Trial balance at 31 May 2018

$

Debit

$

Credit

$

Bank overdraft

3 500

Depreciation charge

1 400

Equity

25 000

General expenses

6 355

Machinery – accumulated depreciation

15 400

Machinery – cost

70 000

Petty cash

145

Purchases

102 850

Rental income

1 850

Revenue

135 000

Total

How did you do?