Trial Balance
Commerce ⇒ Accountancy
Trial Balance starts at 11 and continues till grade 12.
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See sample questions for grade 12
Explain the 'Balance Method' of preparing a trial balance.
Explain the effect of compensating errors on the trial balance.
Explain the term 'Suspense Account' in the context of trial balance.
Explain the 'Total Method' of preparing a trial balance.
Explain why closing stock does not appear in the trial balance.
If the balance of 'Bank Overdraft' is Rs. 10,000, on which side of the trial balance will it appear?
If the balance of 'Discount Allowed' is Rs. 2,000, on which side of the trial balance will it appear?
If the balance of 'Interest Received' is Rs. 1,500, on which side of the trial balance will it appear?
If the balance of 'Loan Taken' is Rs. 20,000, on which side of the trial balance will it appear?
If the balance of 'Salaries Outstanding' is Rs. 5,000, on which side of the trial balance will it appear?
If the total of the debit column of a trial balance is Rs. 1,00,000 and the credit column is Rs. 99,000, what is the difference called?
If the trial balance does not agree, what is the immediate step an accountant should take?
State any two objectives of preparing a trial balance.
State the difference between 'Error of Omission' and 'Error of Commission' with respect to trial balance.
What is a Trial Balance?
Which side of the trial balance will the balance of 'Sales' account appear?
