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WorksheetsTrial Balance
Total questions: 10
Worksheet time: 5mins
A __________ is a list of the balances on the accounts in the ledger at a certain date.
Ledger
Trial Balance
Cash Book
Purchase Book
A trial balance is useful in preparing _________ .
Cash Book
Ledger
Purchase Book
Financial Statements
State the column of a trial balance in which the balance of carriage outward account would appear
Debit Column
Credit Column
From the following whcich does not appear on the books when a trial balance
is prepared, so cannot be included in a trial balance.
Opening Inventory
Closing Inventory
Cash
Bank
A trial balance is prepared to check the __________ accuracy of the double entry book-keeping.
Arithmetical
Percentage
A trial balance is not a part of the double entry system of book-keeping as it is simply a list of balances.
True
False
State the column of a trial balance in which the balance of Trade Payables accounts would appear.
Credit
Debit
State the column of a trial balance in which the balance of Bank Loan accounts would appear.
Debit
Credit
State the column of a trial balance in which the balance of Rent paid accounts would appear.
Debit
Credit
State the column of a trial balance in which the Bank Overdraft would appear.
Credit
Debit
