₹ 2,000 received by way of commission and entered correctly in cash book, is posted to the debit side of the commission account. In the trial balance

(b) The debit total will be more by ₹ 4000 than the credit total

(a) The debit total will be more by ₹ 2000 than the credit total

(b) The debit total will be more by ₹ 4000 than the credit total

(c) The credit total will be more by ₹ 4000.

(d) the credit total will be more by ₹ 2000

Trial Balance under balance method is known as: Balance Appropriation

(d) Trial Balance Appropriation

Which of the following errors that cannot be revealed by a Trial Balance -

Errors in omission of one entry

A Trial Balance contains the balance of:

(a) Only Personal and Real account

(b) Only Real and Nominal accounts

(c) Only Nominal and Personal accounts

A suspense account facilitates the preparation of_____ even if the ____ has not been tallied.

Financial Statements, Trial Balance.

Trial Balance, Financial Statements

Financial Statements, Trial Balance.

.......................... is prepared to ascertain the arithmetical accuracy of posting and balancing

(d) Bank Reconciliation Statement

Trial Balance Class 11 MCQ Questions With Answers Quiz

7.

The FIRST step of Trial Balance is ___.

Check that total debit amount = total credit amount Trial Balance is balanced.

Extract all accounts with balances from General Ledger.

List them down by indicating their account names.

For each account, indicate the balance in either the debit or credit column.

Total all amounts under debit column. Do the same for credit column.

1.

State whether rent expense is found on the debit or credit side of the trial balance.

2.

Trial Balance creates __________ accuracy.

3.

State whether interest income is found on the debit or credit side of the trial balance.

4.

Opening and closing Balance of Debtors A/c were ₹ 30,000 and ₹ 40,000 respectively cash collected from the debtors during the year was ₹ 2,40,000. Discount allowed to debtors for timely payment amounted to ₹ 15,000 and bad debts written off were ₹10,000. Goods sold on credit were

5.

A Trial Balance has no limitations -

6.

The Trial Balance of M/S Ram & Co. shows closing Stock of 30,000. It will be recorded in:

7.

The FIRST step of Trial Balance is ___.

8.

State whether motor vehicle is found on the debit or credit side of the trial balance.

9.

₹ 2,000 received by way of commission and entered correctly in cash book, is posted to the debit side of the commission account. In the trial balance

10.

State whether trade receivable is found on the debit or credit side of the trial balance.

11.

Which of the following is not a process in the preparation of a Trial Balance?

12.

State whether cash in hand is found on the debit or credit side of the trial balance.

13.

Trial Balance under balance method is known as: Balance Appropriation

14.

Nature of Accrued expenses: ____. (is a form of current liability)

15.

State whether interest expense is found on the debit or credit side of the trial balance.

16.

Which of the following errors that cannot be revealed by a Trial Balance -

17.

When the amounts of a transaction must be recorded in a minimum of two accounts-

18.

Which of the following in Trial Balance is contradictory to each other?___________.

19.

A Trial Balance contains the balance of:

20.

A suspense account facilitates the preparation of_ even if the has not been tallied.

21.

Salaries paid ₹ 4,500 is shown in credit side of trial balance. In the total of trial balance the debit side will be short by -----------

22.

State whether cost of sales is found on the debit or credit side of the trial balance.

23.

Nature of drawings: ____.

24.

Trial Balance is prepared on:

25.

.......................... is prepared to ascertain the arithmetical accuracy of posting and balancing

26.

A record summarizing all the information pertaining to a single item in the accounting equation is known as a(n)

27.

Nature of Fixtures & fittings: ____.

28.

Nature of General expenses: ____.

29.

Numerous mistakes can exist even though the Trial Balance totals are in agreement.

30.

State whether sales returns is found on the debit or credit side of the trial balance.

Time

1. State whether rent expense is found on the debit or credit side of the trial balance.

2. Trial Balance creates __________ accuracy.

3. State whether interest income is found on the debit or credit side of the trial balance.

4. Opening and closing Balance of Debtors A/c were ₹ 30,000 and ₹ 40,000 respectively cash collected from the debtors during the year was ₹ 2,40,000. Discount allowed to debtors for timely payment amounted to ₹ 15,000 and bad debts written off were ₹10,000. Goods sold on credit were

5. A Trial Balance has no limitations -

6. The Trial Balance of M/S Ram & Co. shows closing Stock of 30,000. It will be recorded in:

7. The FIRST step of Trial Balance is ___.

8. State whether motor vehicle is found on the debit or credit side of the trial balance.

9. ₹ 2,000 received by way of commission and entered correctly in cash book, is posted to the debit side of the commission account. In the trial balance

10. State whether trade receivable is found on the debit or credit side of the trial balance.

11. Which of the following is not a process in the preparation of a Trial Balance?

12. State whether cash in hand is found on the debit or credit side of the trial balance.

13. Trial Balance under balance method is known as: Balance Appropriation

14. Nature of Accrued expenses: ____. (is a form of current liability)

15. State whether interest expense is found on the debit or credit side of the trial balance.

16. Which of the following errors that cannot be revealed by a Trial Balance -

17. When the amounts of a transaction must be recorded in a minimum of two accounts-

18. Which of the following in Trial Balance is contradictory to each other?___________.

19. A Trial Balance contains the balance of:

20. A suspense account facilitates the preparation of_____ even if the ____ has not been tallied.

21. Salaries paid ₹ 4,500 is shown in credit side of trial balance. In the total of trial balance the debit side will be short by -----------

22. State whether cost of sales is found on the debit or credit side of the trial balance.

23. Nature of drawings: ____.

24. Trial Balance is prepared on:

25. .......................... is prepared to ascertain the arithmetical accuracy of posting and balancing

26. A record summarizing all the information pertaining to a single item in the accounting equation is known as a(n)

27. Nature of Fixtures & fittings: ____.

28. Nature of General expenses: ____.

29. Numerous mistakes can exist even though the Trial Balance totals are in agreement.

30. State whether sales returns is found on the debit or credit side of the trial balance.

Time

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1.

State whether rent expense is found on the debit or credit side of the trial balance.

2.

Trial Balance creates __________ accuracy.

3.

State whether interest income is found on the debit or credit side of the trial balance.

4.

Opening and closing Balance of Debtors A/c were ₹ 30,000 and ₹ 40,000 respectively cash collected from the debtors during the year was ₹ 2,40,000. Discount allowed to debtors for timely payment amounted to ₹ 15,000 and bad debts written off were ₹10,000. Goods sold on credit were

5.

A Trial Balance has no limitations -

6.

The Trial Balance of M/S Ram & Co. shows closing Stock of 30,000. It will be recorded in:

7.

The FIRST step of Trial Balance is ___.

8.

State whether motor vehicle is found on the debit or credit side of the trial balance.

9.

₹ 2,000 received by way of commission and entered correctly in cash book, is posted to the debit side of the commission account. In the trial balance

10.

State whether trade receivable is found on the debit or credit side of the trial balance.

11.

Which of the following is not a process in the preparation of a Trial Balance?

12.

State whether cash in hand is found on the debit or credit side of the trial balance.

13.

Trial Balance under balance method is known as: Balance Appropriation

14.

Nature of Accrued expenses: ____. (is a form of current liability)

15.

State whether interest expense is found on the debit or credit side of the trial balance.

16.

Which of the following errors that cannot be revealed by a Trial Balance -

17.

When the amounts of a transaction must be recorded in a minimum of two accounts-

18.

Which of the following in Trial Balance is contradictory to each other?___________.

19.

A Trial Balance contains the balance of:

20.

A suspense account facilitates the preparation of_ even if the has not been tallied.

21.

Salaries paid ₹ 4,500 is shown in credit side of trial balance. In the total of trial balance the debit side will be short by -----------

22.

State whether cost of sales is found on the debit or credit side of the trial balance.

23.

Nature of drawings: ____.

24.

Trial Balance is prepared on:

25.

.......................... is prepared to ascertain the arithmetical accuracy of posting and balancing

26.

A record summarizing all the information pertaining to a single item in the accounting equation is known as a(n)

27.

Nature of Fixtures & fittings: ____.

28.

Nature of General expenses: ____.

29.

Numerous mistakes can exist even though the Trial Balance totals are in agreement.

30.

State whether sales returns is found on the debit or credit side of the trial balance.