Self Studies

Trial Balance T...

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  • Question 1
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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 2
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    Bank overdraft is shown on the _____side of trial balance. 

  • Question 3
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    A _______ is a schedule or list of balances of both debit and credit extracted from various accounts. 

  • Question 4
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    Which of the following statements is correct about trial balance?

  • Question 5
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    An agreement of the trial balance does not prove that _____________.

  • Question 6
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    Which of the following is/are method for preparation of trail balance ? 

  • Question 7
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    After the preparation of ledgers, the next step is the preparation of ______________.

  • Question 8
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    The preparation of a trial balance is for locating -

  • Question 9
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    Pending the location of errors in the books of accounts that affect the agreement of the Trial Balance, the difference disclosed is normally posted to ______________

  • Question 10
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    Which of the following statements is correct in relation to a trial balance?

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