Trial balance is a_____

(a)

Statement

(b)

Account

(c)

Ledger

(d)

Journal

The trial balance contains the balances of_____

(a)

Only personal accounts

(b)

Only real accounts

(c)

Only nominal accounts

(d)

All accounts

Which of the following method(s) can be used for preparing trial balance?

(a)

Balance method

(b)

Total method

(c)

Total and Balance method

(d)

a, b and c

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

______________ 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

____________ method is not commonly used as it cannot help in the preparation of financial statements.

(a)

Total Method

(b)

Balance Method

(c)

Total and Balance Method

(d)

None of these

Suspense account in the trial balance is entered in the ______________.

(a)

Trading Account

(b)

Profit and Loss Alc

(c)

Balance Sheet

(d)

None of these

Trial balance is prepared to find out the_________

(a)

profit or loss

(b)

financial position

(c)

arithmetical accuracy of the accounts

Goods taken by the proprietor for domestic use should be credited to __________account

(a)

proprietor's drawings

(b)

sales

(c)

purchases

Trial Balance shows arithmetical accuracy of ledger accounts, but it is not a_____proof of accuracy.

(a)

conclusive

(b)

Exclusive

(c)

Submissive

(d)

Inclusive