Trial balance – MCQs

 Your answer is incorrect. The correct answer is “to test arithmetical accuracy of the ledger” (option 3).

 Your answer is incorrect. The correct answer is “all of the above” (option 4).

 Your answer is incorrect. The correct answer is “Transaction analysis > Journal > Ledger > Trial balance” (option 2).

 Your answer is incorrect. The correct answer is “adjusted trial balance” (option 2).

 Your answer is incorrect. The correct answer is “balance method and total method” (option 3).

 Your answer is incorrect. The correct answer is “a summary of all transactions made since the end of the previous accounting period” (option 4).

 Your answer is incorrect. The correct answer is “balance method” (option 1).

 Your answer is incorrect. The correct answer is “ending balances of ledger accounts” (option 2).

 Your answer is incorrect. The correct answer is “totals of amount columns of ledger accounts” (option 1).

 Your answer is incorrect. The correct answer is “both debit and credit parts are overstated by the same amount” (option 3).

 Your answer is incorrect. The correct answer is “sales” (option 4).

 Your answer is incorrect. The correct answer is “none of the above” (option 4).