Accounting Online Quizzes Subject Knowledge

Accounting Quiz 04

Written by Muhammad Arslan

Institute of Chartered Accountants of Pakistan was established in____________?

________ is the common base for preparing a trial balance?

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

Trial balance is commonly prepared?

Which of the following is true about a trial balance?

Trial balance is prepared to check accuracy of_______________?

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.

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

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

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

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