Accountancy Class 11 Chapter 13 Trial Balance MCQ
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Accountancy Class 11 Chapter 13 Trial Balance MCQ
Q.1. A Trial Balance is
(a) a statement.
(b) a summary.
(c) an account.
(d) None of these
Q.2. An Asset Account shows a
(a) credit
(b) debit
(c) debit or credit
(d) None of these.
Q.3. Preparation of a Trial Balance is
(a) compulsory.
(b) optional.
(c) compulsory or optional.
(d) None of these.
Q.4. A Trial Balance shows
(a) only credit balance.
(b) only debit balance.
(c) both debit and credit balances.
(d) either debit or credit balance.
Q.5. Which item is shown as debit balance in the Trial Balance
(a) Cash in Hand.
(b) Rent Outstanding
(c) Creditors.
(d) Bank Overdraft.
Q.6. Trial Balance is a list of the balance of
(a) All Accounts.
(b) Only Personal and Real Accounts.
(c) Only Real and Nominal Accounts.
(d) Only Personal Accounts.
Q.7. The preparation of Trial Balance helps in
(a) Judging the Financial Position.
(b) Locating Errors of All Types.
(c) Preparation of Final Accounts.
(d) None of these.
Q.8. Suspense Account is opened when:
(a) Balance Sheet does not match.
(b) Trial Balance does not match.
(c) Total of Sales Account does not agree.
(d) None of these.
Q.9. Trial Balance is prepared
(a) before Journal is written.
(b) after Journal is written.
(c) after Journal is posted into ledger accounts.
(d) after financial statements have been prepared.
Q.10. Trial Balance can be prepared
(a) at any time of the year.
(b) only debit balance.
(c) both debit or credit balance.
(d) either debit or credit balance.
Q.11. If Trial Balance matches, it means
(a) arithmetical accuracy.
(b) books are accurate
(c) Both (a) and (b).
(d) None of these.
Q.12. Trial Balance is prepared from the balances taken from
(a) Day Books.
(b) Journal.
(c) Balance Sheet.
(d) Ledger
Q.13. Discount Received has
(a) Debit balance.
(b) Debit balance.
(c) Both (a) and (b).
(d) None of these.
Q.14. If Closing Stock appears in the Trial Balance, it means
(a) purchases are adjusted against opening and closing stocks.
(b) purchases are adjusted against closing stock.
(c) Both (a) and (b).
(d) None of the above.
Q.15. Trial Balance is prepared from
(a) Ledger
(b) Ledger and Journal Book.
(c) Ledger and Cash Book.
(d) None of these.
1. MCQ Questions for Accountancy Class 11 Chapter 1 Introduction to Accounting
2. MCQ Questions for Accountancy Class 11 Chapter 2 Basic Accounting Terms
True or False
(i) Trial Balance is a statement not an account.
(ii) Opening Stock appears in a Trial Balance.
(iii) Closing Stock is usually given as an additional information or adjustment outside the Trial Balance.
(iv) Trial Balance is not a conclusive proof of correctness of the books of account.
(v) Trial Balance is prepared for a particular period.
(vi) Trial Balance is a part of the Ledger.
(vii) Trial Balance is a result of posting into ledger accounts and its balancing.
(viii) The main purpose of preparing a Trial Balance is to check the arithmetical accuracy of double entry.
(ix) Trial Balance is prepared on the basis of balances in the Ledger.
(x) If the Trial Balance tallies, it is proved that there are no errors.
(xi) Trial Balance is always prepared at the end of each month.
[Ans.: (i) True; (ii) True; (iii) True; (iv) True; (v) False; (vi) False; (vii) True; (viii) True; (ix) True; (x) False; (xi) False.]
1. MCQ Questions for Accountancy Class 11 Chapter 1 Introduction to Accounting
2. MCQ Questions for Accountancy Class 11 Chapter 2 Basic Accounting Terms
2. Fill in the blanks
(i) Debit balances of accounts are recorded in _______________ column of Trial Balance.
(ii) Credit balances of accounts are recorded in ______________ column of Trial Balance.
(iii) ____________ are prepared from the Trial Balance.
(iv) ______________ and ________________balances of a Trial Balance if in agreement, proves at least the arithmetical accuracy.
(v) Trial Balance is not a part of the double entry system of _________________
(vi) Trial Balance is a ________________ of debit and credit balances in Ledger at a particular date.
[Ans.: (i) debit; (ii) credit; (iii) Final accounts; (iv) Debit, credit;(v) book keeping; (vi) statement.]
