Chap 18

Chap 18

12th Grade

10 Qs

quiz-placeholder

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Chap 18

Chap 18

Assessment

Quiz

Specialty

12th Grade

Hard

Created by

Tara Schwab

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many expenses are listed in the Trial balance as at June 2023

5

8

6

4

2.

DRAW QUESTION

3 mins • 4 pts

Distinguish between a trial balance and adjusted trial balance

Media Image

Answer explanation

A trial balance shows al debit and credi entries in the general ledger accounts. It is used to identify any errors in the recording process. Whereas an adjusted trial balance is pre pared after all balance day adjustments have been recorded.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The adjustments for supreme trading are:

- Annual insurance expenses of $

100

2000

2500

1000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

- Inventory loss of

55000

54600

400

500

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

- Bad debt write off of $1000

- allowance for doubtful debts to increase by $

200

1000

1200

500

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-______ advertising of $300

Prepaid

Accrued

Expense

Unearned

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation of office furniture of $

300

36

360

3600

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