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Trial Balance a...

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  • Question 1
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    It is irrelevant to check below mentioned to trace the error in trial balance:

  • Question 2
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    Office was renovated and renovation charges were 5000. They were put in purchase book account. It is ___________.

  • Question 3
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    One sided errors are:

  • Question 4
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    An accountant forgot to enter a sales entry in the subsidiary register the impact will be _________.

  • Question 5
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    Which of the following errors are revealed by the trial balance?

  • Question 6
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    It is a check on the accuracy of posting. If the trial balance agrees it proves that - 
    1. The books are arithmetically accurate 
    2. Both the aspects of the transactions have correctly recorded in the books of original entry as well as in the ledger. 
    The correct answer is ___________________.

  • Question 7
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    Which of the following best describes a trial balance?

  • Question 8
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    A _______ is a schedule or list of balances of both debit and credit extracted from various accounts. 

  • Question 9
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    Which of the following statements is correct about trial balance?

  • Question 10
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    In case the accountant is unable to differentiate between capital expenditure and revenue expenditure it is type of error ________.

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