Practice Test


1) A trial balance will not balance if


2) Rs.1,500 received from sub-tenant for rent and entered correctly in the cash book is posted to the debit of rent account. In the trail balance


3) After the preparation of ledgers , the next step is preparation of


4) A trial balance is a list of ________ accounts.


5) The trial balance shows only ________ accuracy.


6) A trial balance is a ________.


7) A trial balance provides the base for preparation of ______.


8) Total of all debit balances must be ____ to the total of credit balances.


9) Sales account always shows ________ balance.


10) A trial balance is generally prepared at the end of each _______.


11) Drawings account appears in _______ column of trial balance.


12) Income tax appears in trial balance ________ column.


13) ________ accounts usually shows a debit balance.


14) ________ is the base for the preparation of final account.


15) Capital account show ________ balance.


16) ________ is a old age method used for preparation of trial balance.


17) The balance of _______ account will be shown at the debit balance.


18) Trial balance is a ________.


19) An agreement of the trial balance does not prove that______


20) _____ are passed at the beginning of the financial year to open the book by recording the assets , liabilities and capital appearing in the balance sheet of the previous year.


21) _______are used at the end of the accounting year for closing of accounts relating to expenses and revenues.


22) Opening,Closing & ,Adjustment entries are recorded in ______


23) At the end of the accounting year______ are to be passed for outstanding / prepaid ,accrued /income /income received in advance etc.


24) ______ are passed in the general journal for transferring an item entered in one account an other account


25) _______are passed for rectifying errors which might have committed in the books of account


26) A____ is a schedule or list of balance of balance both debit and credit extracted from various accounts.


27) It is a check on the accuracy of posting .If the trial balance agrees it proves that :


28) At the end of the accounting period or at the end of each month, the balances of the ledger accounts are extracted and _____ is prepared to test as to whether the total debit are equal to total credits


29) Which of the following is/ are method for preparation of trial balance?


30) If the trial balance do not agree after transferring the balance of all ledger accounts including cash and bank balance and also errors are not located timely, then the trial balance is tallied by transferring the difference of debit and credit side to an account known as ____


31) The balance of all assets accounts expense account ,losses ,drawings are places in the _____ of the trial balance


32) The balance of all liabilities accounts ,income accounts , profit , capital,are placed in the ______of the trial balance.


33) All expense and ______ accounts appearing in the trial balance are transferred to the trading and profit and loss account.


34) After the preparation of ledger ,the next step is the preparation of ______


35) Difference of totals of both debit and credit side of the trial balance is transferred to ______


36) Bank overdraft is shown on the ____ side of trial balance.


37) After preparing the trial balance the accountant finds that the total of debit side is short by Rs.1,500. This difference will be____


38) Trial balance is a statement which shows _____ of all accounts.


39) Which of the following errors are not revealed by the trail balance?


40) A started business with cash 10,000 and furniture's 2,000.Total sales were 50,000 including 5,000 cash sales. 10,000 were outstanding at the end of the year. Total purchases 30,000 including 10,000 cash purchases 15,000 were paid to the suppliers. Expenses paid amounted to 19,000 Total of trial balance is: