CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Trial Balance Quiz 2 - MCQExams.com

State whether the following statement is True or False.
A trial balance is prepared only once in a year.
  • True
  • False
A trial balance is a ________________.
  • Real Account
  • Nominal Account
  • List of balances
  • Personal Account
___________is prepared from the balance in ledger accounts.
  • List
  • Journal
  • Book
  • Trial balance
State whether the following statement is True or False.
A Trial balance is a list of ledger balances.
  • True
  • False
Trial Balance is a proof of __________ accuracy.
  • Grammatical
  • Accounting
  • Arithmetical
  • Posting
State whether the following statement is True or False.
A Trial balance can be prepared monthly, quarterly, weekly or yearly also.
  • True
  • False
State whether the following statement is True or False.
A Trial balance does not ensure accounting accuracy.
  • True
  • False
State whether the following statement is True or False.
In trial balance purchases returns are recorded on Debit side.
  • True
  • False
State whether the following statement is True or False.
Trial balance is prepared just before the preparation of final accounts.
  • True
  • False
State whether the following statement is True or False.
In preparation of gross trial balance, ledger account balances are extracted.
  • True
  • False
State whether the following statement is True or False.
Trial balance is prepared on a separate sheet of paper.
  • True
  • False
State whether the following statement is True or False.
Net trial balance is more popular than gross trial balance.
  • True
  • False
State whether the following statement is True or False.
Trial balance is prepared at the end of the accounting year.
  • True
  • False
State whether the following statement is True or False.
Capital balance is not included in a trial balance.
  • True
  • False
State whether the following statement is True or False.
Preparation of trial balance helps in locating accounting errors.
  • True
  • False
Which of the following statements is correct in relation to a trial balance?
  • It shows the financial position of a business.
  • All the balances in the trial balance will be summarized on the business balance sheet.
  • It is a list of balances and forms the starting point for the preparation of the business accounts.
  • None of the above.
State whether the following statement is True or False.
A trial balance is a statement and it is not a account.
  • True
  • False
State whether the following statement is True or False.
Debit balance on ledger account is shown in debit column of the trial balance.
  • True
  • False
State whether the following statement is True or False.
Balances of ledger accounts are posted to trial balance.
  • True
  • False
Trial balance is prepared _________.
  • before balancing the account
  • after balancing the account
  • before ledger posting
  • every month
Trial balance checks.....
  • Compliance with legal provisions
  • Arithmetic accuracy of books of a/c
  • Valuation of inventory
  • All the three
__________ does not help in assuming accuracy of balances of various accounts and preparation of the financial statements.
  • Totals Method
  • Balances Method
  • Totals-cum-balances Method
  • None of the above
Trial balance is prepared to __________.
  • Check true and fair view of balance Sheet.
  • To check arithmetic accuracy of Accounts.
  • To ensure legal compliance
  • To ensure compliance to IFRS
______ is time consuming and hardly serves any addition or special purpose.
  • Total Method
  • Balances Method
  • Totals-cum-balances Method
  • None of the above
Which of these accounts generally does not appears in the Trial Balance ___________.
  • Capital a/c
  • Closing stock
  • Drawing A/c
  • Accrued expenses a/c
_______ is the most widely used method in practice.
  • Total Method
  • Balance Method
  • Totals-cum-balances Method
  • None of the above
_________ is a statement of accounts which appeared in the ledger.
  • Trial balance
  • Memorandum of account
  • Balance sheet
  • Journal
Which of these is an indicator of arithmetic discrepancies in books of account?
  • Agreement of trial balance.
  • Disagreement of trial balance.
  • Non-balancing of cash book.
  • Non-balancing of personal account.
Trial balance is prepared to _________.
  • comply with legal requirements
  • comply with accounting standards
  • check arithmetic correctness of books of A/c
  • to ensure true and fair view of books of A/c
The preparation of a trial balance helps in locating _________.
  • Compensating errors
  • Error of omission
  • Error of Principle
  • All of the above
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers