CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Trial Balance Quiz 4 - MCQExams.com

An agreement of the trial balance does not prove that _____________.
  • All transactions have been correctly analyzed and recorded in the proper accounts
  • All transactions have been recorded in the books of original entry
  • Both (A) & (B)
  • None of above
Which of the following is/are method for preparation of trail balance ? 
  • Balances Method
  • Totals Method
  • Both (A) & (B)
  • None of the above
After the preparation of ledgers, the next step is the preparation of ______________.
  • Trading accounts
  • Trial balance
  • Profit and loss account
  • None of the above
The preparation of a trial balance is for locating -
  • Errors of complete commission
  • Clerical errors
  • Errors of principle
  • All of the above
Pending the location of errors in the books of accounts that affect the agreement of the Trial Balance, the difference disclosed is normally posted to ______________
  • Adjustment Account.
  • Holding Account.
  • Control Account.
  • Suspense Account.
Which of the following error will disturb the balancing of the trial balance?
  • Recording in the purchases journal an in-voice for acquiring a non current asset for Rs. 60,000.
  • Adding up the returns inwards journal as Rs. 11,400 instead of Rs. 2,12,600.
  • Recording a sales invoice for Rs. 5,600 as Rs. 6,500 in the sales journal.
  • Failing to record a purchase invoice for Rs. 54,000 in the purchases journal.
Trial balance is prepared from ____________.
  • Journal
  • Ledger
  • Cash book
  • None of these
The trial balance checks ______________ .
  • the honesty of the book - keeper.
  • the honesty of the accountant
  • the honesty of the cashier
  • the arithmetical accuracy of the books of accounts
Which of the following is true about a trial balance?
  • It lists down the balances of accounts
  • It lists down the balances of a balance sheet
  • It is a kind of financial statement
  • It is not a part of accounting cycle
Which of the following errors will affect the Trial Balance?
  • Errors of complete omission.
  • Errors of recording in the books of original entry.
  • Errors of posting involving the posting to the wrong account on the correct side with the correct amount.
  • Errors of principle
  • Compensating errors
  • Correct recording in the cash book but not posted in the ledger at all.
Which of the statements are true.
  • Trial Balance is prepared after preparing the P& L A/c
  • Trial Balance is prepared after preparing the Balance Sheet
  • Trial Balance is prepared before preparing the Balance Sheet
  • None of these
Which of the following statements is correct? 
  • The trial balance is prepared after preparing the profit and loss account
  • The trial balance shows only balances of assets and liabilities
  • The trial balance shows only nominal account balances
  • The trial balance has no statutory importance from the point of view of law
The main purpose of preparing a trial balance is _________.
  • To prepare a summary of all the balance
  • To compare the debit balance with credit balance
  • To locate all types of frauds
  • To check the arithmetic accuracy of the ledger accounts
Income Tax appears in trial balance ____________ column.
  • debit balance
  • credit balance
  • L.F.
  • none of these
The trial balance _________.
  • is a formal financial statement
  • is used to prove that there are no errors in the journal or ledger
  • provides a listing of every account in the chart of accounts
  • provides a listing of the balance of each account in active use
Trial balance is a proof that _____________.
  • Every transaction is recorded twice
  • No error remains in the books of accounts
  • Books are authentically and correctly written
  • None of the Above
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers