A Trial Balance shows:
- AOnly credit balance.
- BOnly debit balance.
- ✓Both debit and credit balances.
- DEither debit or credit balance.
Answer: C.
View full solution →Question types
Trial Balance question types
35 questions across 4 question groups — pick any mix to generate a Account paper with step-by-step answer keys.
35
Questions
4
Question groups
5
Question types
Sample Questions
Trial Balance questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Trial Balance is a list of the balance of:
- ✓All Accounts.
- BOnly Personal and Real Accounts.
- COnly Real and Nominal Accounts.
- DOnly Personal Accounts.
Answer: A.
View full solution →An Asset Account shows a $.........$ balance:
- ACredit.
- ✓Debit.
- CDebit or Credit
- DNone of these.
Answer: B.
View full solution →A Trial Balance is:
- ✓A statement.
- BA summary.
- CAn account.
- DNone of these.
Answer: A.
View full solution →Which item is shown as debit balance in the Trial Balance:
- ✓Cash in Hand.
- BRent Outstanding.
- CCreditors.
- DBank Overdraft.
Answer: A.
View full solution →Give two features of Trial Balance.
State the accounts which are not considered while preparing Trial Balance.
What is a Trial Balance?
State one importance of Trial Balance.
What is the main objective of preparing a Trial Balance?
Prepare a Trial Balance with the following information:
Note: For Delhi 2011, figures given above have been reduced to half, hence the total of the Trial Balance will be ₹ 3,75,000, in that situation.
Note: For Delhi 2011, figures given above have been reduced to half, hence the total of the Trial Balance will be ₹ 3,75,000, in that situation.
Prepare correct Trial Balance from the following Trial Balance in which there are certain mistakes:
[Hint: Since cost of goods sold is given, therefore, the opening stock will not be recorded in the Trial Balance and Closing Stock will appear on the debit side.]
[Hint: Since cost of goods sold is given, therefore, the opening stock will not be recorded in the Trial Balance and Closing Stock will appear on the debit side.]
Prepare the Trial Balance of Ankit as on $31^{st}$ March, $2019$. He has omitted to open a Capital Account:
View full solution →Following Trial Balance is given but it is not correct. Prepare correct Trial Balance.
Correct the following Trial Balance:
What is a Trial Balance? State any four functions of a Trial Balance.
Define Trial Balance. Give any four functions of Trial Balance. What are the two methods of preparation of Trial Balance?
Discuss the method of preparation of Trial Balance.
What are objectives or functions of a Trial Balance?
The following are the balances extracted from the books of Mr. A. Mukhopadhyay. Prepare a Trial Balance as on 31st March, 2019:
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