Problems 1:

Prepare a Trial Balance for Shining Brothers Pvt. Ltd. at March 31st, 2017?

trial balance problems and solution


accounting trial balances


>> Read Normal Balance for better conceptual understanding of Trial Balance Problems and Solutions.

Problem 2:

There are several Mistakes in the Umer & Brothers (Pvt.) Ltd. Trial Balance. You are requested to identify Errors and make corrected Trial Balance?

trial balance example


Trial Balance Format Download


trial balance accounting


>> Practice Journal Entry Problems and Solutions for better understanding of Trial Balance Problems and Solutions.


Problem 3:

Prepare Trial Balance as on 31.03.2012 from the following balances of Ms. Maliha Afzal:

Drawings Rs. 74,800                    Purchases Rs. 295,700                  Stock (1.04.2011) Rs. 30,000

Bills receivable Rs. 52,500          Capital Rs. 250,000                       Furniture Rs. 33,000             

Discount allowed Rs. 950            Sales Rs. 335,350                           Rent Rs. 72,500                  

Freight Rs. 3,500                           Printing charges Rs. 1,500           Sundry creditors 75,000

Insurance Rs. 2,700                      Sundry expenses Rs. 21,000       Discount received Rs. 1,000

Bank loan Rs. 120,000                 Stock (31.03.2012) Rs. 17,000     Income tax Rs. 9,500

Machinery Rs. 215,400                 Bills payable Rs. 31,700

General Ledger Format Download



trial balance definition


>> Read General Ledger.

Problem 4:

Prepare Trial Balance from the following balances of Mr. Akhtar as on 31.12.2016:

Capital Rs. 420,000                        Cash in hand Rs. 25,000                    Building Rs. 115,000

Cash at bank Rs. 84,700                Machinery Rs. 60,000                         Sundry Creditors Rs. 68,000 

Furniture Rs. 11,000                      Rent Rs. 48,000                                    Car Rs. 68,000                    

Opening stock Rs. 86,000             Commission Rs. 1,400                         Rates and Taxes Rs. 2,600

Purchases Rs. 94,000                     Bad debts Rs. 3,200                             Sales Rs. 196,000               

Insurance Rs. 2,400                       General Expenses Rs. 800                   Sundry debtors Rs. 16,200           

Reserve for doubtful debts Rs. 7,300      Salaries Rs. 94,000                   Closing Stock Rs. 12,000       

Unearned Revenue Rs. 16,000                  Interest received Rs. 5,000


Journal Entry Format Download



accounting trial balance problems and solutions


>> Do Practice Trial Balance MCQs.

Problem 5:

The following balances are extracted from the books of Ms. Maria Waseem, Prepare Trial Balance as on 30.6.2015:

Owner’s Equity Rs. 470,200                Machinery Rs. 158,800                  Cash in hand Rs. 6,000

Account receivable Rs. 48,000           Building Rs. 320,000                      Repairs Rs. 5,400

Stock Rs. 33,000                                    Insurance premium Rs. 3,300      Account payable Rs. 26,000

Sales Rs. 290,000                                  Commission Rs. 750                       Telephone charges Rs. 6,450

Rent & Taxes Rs. 6,300                        Furniture Rs. 11,000                       Purchases Rs. 165,000      

Discount earned Rs. 1,100                   Loan from Sidra Rs. 51,000           Salaries Rs. 70,600 

Reserve fund Rs. 5,900                        Discount allowed Rs. 650               Note receivable Rs. 8,600

Drawings Rs. 5,000                              Bad debts Rs. 1,350                          Bills payable Rs. 6,000



trial balance report


>> Read Trial Balance theory related issues.

Facebook Handel


Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

Sehgal, A., & Sehgal, D. (n.d.). Advanced Accountancy (Vol. I & II). New Delhi: Taxmann Publication Pvt. Ltd.

Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2008). Advanced Accountancy (Vol. I & II). New Delhi: S Chand & Co.

Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2012). Accounting Principles (10th ed.). Hoboken: John Wiley & Sons, Inc.

Williams, M., & Bettner, H. (1999). Accounting (The basic for business decisions). (11th, Ed.) USA: Irwin McGraw- Hill.



  1. Shah

    Thanks for sharing such a valuable piece of information.

  2. Prabin sharma

    It is very good help of students

  3. Prabin sharma

    Give me all answer of question of accountancy book

  4. sneha

    Why stock 17000 is not mentioned in solution for problem 3 please reply

    • Zaheer Swati

      Sneha there are two types of stock i.e. Opening Stock and Closing Stock. Opening stock is part of trial balance while, closing stock is part of adjustment. Rs. 17,000 stock is closing stock, that is why not shown in solution.

  5. Naveed Ahmad

    Thanks for the information. This a very informative article. keep it up.


    I have been checking out a few of your stories and i must say nice stuff. I will surely bookmark your website.

  7. Debbie Barswell

    You are an outstanding story teller. You are a very persuasive writer. Good job on this article! Some nice points there.

  8. Haranadh

    Very informative blog.Really looking forward to read more. Great.

    • Prabin sharma

      It is very good presentesan for students

  9. Juli Fuller

    It’s like you wrote the book on it or something. I truly appreciate this post. It’s like you read my thoughts! Your blog has interesting and great content.

  10. Bernard Spoon

    You are obviously very knowledgeable. You pretty active on Tumblr? I really like your article. I enjoyed reading what you had to say.

  11. Aasima

    Your article has proven useful to me. Thumbs up! Your article has proven useful to me. I enjoyed reading this.

  12. Ritu

    It’s like you wrote the book on it or something. I enjoyed your problems and solutions. Thank you. You’ve made my day! Thx again.

  13. Abdhija

    Hey! This is my 1st comment here so I just wanted to give a quick shout out and say I really enjoy reading your posts. Can you suggest any other blogs/websites/forums that go over the same topics? Thank you so much!

  14. Naveed Ahmed

    Thumbs up! You appear to know a lot about this. You are obviously very knowledgeable. I really like these problems and solutions.

  15. Almaas

    It’s actually a cool and useful piece of info. I am happy that you shared this useful information with us. Please keep us up to date like this. Thank you for sharing.

  16. Lehto

    Hi there friends, how is the whole thing, and what you want to say regarding this article, in my view its actually amazing in favor of me.

  17. Sangren

    It’s nearly impossible to find educated people on this topic, but you sound like you know what you’re talking about! Thanks

  18. Shiffer

    It’s going to be finish of mine day, however before finish I am reading this impressive article to increase my know-how.|

  19. Fiverr

    I just could not leave your web site before suggesting that I extremely loved the standard information an individual supply on your guests? Is going to be back continuously in order to check up on new posts|

  20. Hassan

    Excellent Fabulous…


Submit a Comment

Your email address will not be published.