Take a quick Multiple Choice Questions (MCQs) test about Trial balance. These MCQs can help you to prepare for your exams, interviews and different tests. Just click the “start quiz” button and start trial balance MCQs quiz.
If you find difficulty in answering these questions, read ‘Trial balance‘ chapter thoroughly from explanation section of the website.
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Trial balance MCQs quiz
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- Question 1 of 12
1. Question
The basic purpose of preparing a trial balance is:
Correct
Awesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “to test arithmetical accuracy of the ledger” (option 3). - Question 2 of 12
2. Question
Which of the following is correct about an agreed trial balance.
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “all of the above” (option 4). - Question 3 of 12
3. Question
Which one of the following represents correct sequence of accounting cycle?
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “Transaction analysis > Journal > Ledger > Trial balance” (option 2). - Question 4 of 12
4. Question
A trial balance prepared after taking into account the effect of adjusting entries is known as:
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “adjusted trial balance” (option 2). - Question 5 of 12
5. Question
Two methods of preparing a trial balance are:
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “balance method and total method” (option 3). - Question 6 of 12
6. Question
In addition to arithmetical accuracy of ledger, a trial balance provides:
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “a summary of all transactions made since the end of the previous accounting period” (option 4). - Question 7 of 12
7. Question
Which one of the following is the most popular method of preparing a trial balance:
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “balance method” (option 1). - Question 8 of 12
8. Question
Under balance method, which one of the following is used for preparing trial balance at the end of an accounting period?
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “ending balances of ledger accounts” (option 2). - Question 9 of 12
9. Question
Under total method, which of the following is used for preparing a trial balance:
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “totals of amount columns of ledger accounts” (option 1). - Question 10 of 12
10. Question
Which of the following errors in the journal entry will not be detected by trial balance.
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “both debit and credit parts are overstated by the same amount” (option 3). - Question 11 of 12
11. Question
Which of the following will be placed in the credit column of the trial balance?
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “sales” (option 4). - Question 12 of 12
12. Question
Which of the following will be placed in the debit column of the trial balance?
CorrectAwesome! your answer is correct.Incorrect Your answer is incorrect. The correct answer is “none of the above” (option 4).
Awesome! your answer is correct.
Your answer is incorrect. The correct answer is “to test arithmetical accuracy of the ledger” (option 3).You can also check:
Thanks for make a quiz for accounting which helpful for me .with these quiz I revise my study.
Hope to learn about trial balance
Wow It’s great to recall the subject………
Hello
this is very useful quiz.keep it up
These questions really makes us be confident and strong in thinking while tackling accounts thanks alot
Hmm great experience I love the quiz.
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GOOD
BUT VERY FEW