Accounting Online Quizzes Subject Knowledge

Accounting Quiz 04

Written by Muhammad Arslan

Which of the following will affect the agreement of a trial balance?

Debit balance = Credit balance in a trial balance indicates that:

Institute of Chartered Accountants of Pakistan was established in____________?

If a transaction is completely omitted from the books of accounts, will it affect the agreement of a trial balance?

________ is the common base for preparing a trial balance?

If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

Trial balance is prepared to check accuracy of_______________?

Trial balance is commonly prepared?

Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?

Which of the following is true about a trial balance?

Facebook Comments