Trial Balance One Mark Questions

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    10 x 1 = 10
  1. Trial balance is a_____

    (a)

    Statement

    (b)

    Account

    (c)

    Ledger

    (d)

    Journal

  2. After the preparation of ledger, the next step is the preparation of

    (a)

    Trading account

    (b)

    Trial balance

    (c)

    Journal

    (d)

    Profit and loss account

  3. The trial balance contains the balances of_____

    (a)

    Only personal accounts

    (b)

    Only real accounts

    (c)

    Only nominal accounts

    (d)

    All accounts

  4. The difference of totals of both debit and credit side of trial balance is transferred to :

    (a)

    Trading account

    (b)

    Difference account

    (c)

    Suspense account

    (d)

    Miscellaneous account

  5. Trial balance is prepared:

    (a)

    At the end of the year

    (b)

    On a particular date

    (c)

    For a year

    (d)

    None of the above

  6. ______________ is a statement containing the debit and credit balances of all ledger accounts on a particular date.

    (a)

    Trial Balance

    (b)

    Balance Sheet

    (c)

    Trading account

    (d)

    Profit and loss account

  7. The preparation of ___________ is the third step in the accounting process.

    (a)

    journal

    (b)

    ledger

    (c)

    trial balance

    (d)

    balance sheet

  8. The first step is recording the business transactions in ____________.

    (a)

    Subsidiary Books/Journal

    (b)

    Ledger

    (c)

    Balance Sheet

    (d)

    Trial balance

  9. ______________helps to check the arithmetical accuracy of entries made in the accounting records.

    (a)

    Balance Sheet

    (b)

    Trial Balance

    (c)

    Bookkeeping

    (d)

    Double Entry

  10. The trial balance helps in discovering errors which may have been committed in the __________.

    (a)

    accounting transactions

    (b)

    accounting standard

    (c)

    accountancy

    (d)

    accounting. records

*****************************************

TN 11th Standard Accountancy free Online practice tests

Reviews & Comments about 11th Standard Accountancy Unit 5 Trial Balance One Mark Question and Answer

Write your Comment