Trial Balance

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