Trial Balance

A Trial Balance is a statement prepared on a specific date to verify the:

In a Trial Balance, all account balances are listed under:

If the sum of debit balances equals the sum of credit balances of the Trial Balance, generally it is assumed that there is no:

If the totals of the two sides of a Trial Balance are not equal, it indicates:

A Trial Balance is prepared:

Why is preparation of a Trial Balance essential before financial statements?

Which body has NOT yet designed any specific pro-forma for preparing a Trial Balance?

Trial Balance is:

Which is one of the prime objectives of preparing a Trial Balance?

Trial Balance facilitates the preparation of:

Which of the following is an objective of Trial Balance?

Bringing together all balances of accounts in one place reduces:

Trial Balance can convey information about the:

The main objective of Trial Balance is to test the:

Trial Balance helps in:

To facilitate the preparation of financial statements, Trial Balance brings together:

The first column of a Trial Balance generally contains the:

In which column of the Trial Balance is the page of the ledger written?

The "Name of Accounts / Particulars" column shows:

The Ledger Folio column helps to:

In the Trial Balance, the amounts of the debit balances of ledger accounts are written in the:

Which of the following columns is NOT a usual part of a Trial Balance pro-forma?

The proper sequence in preparing accounts is:

Without preparing the journal, transactions can also be:

The Trial Balance is prepared after:

The Trial Balance is prepared on a:

Beginning inventory is recorded in the Trial Balance on the:

Ending inventory is generally:

The reason ending inventory is NOT included in the Trial Balance is that:

When 'Adjusted Purchase' or 'Cost of Goods Sold' is included in the Trial Balance, ending inventory is shown:

Adjusted purchase equals:

In case of inventory of stationery, the Trial Balance includes:

Beginning balances of current assets and current liabilities such as cash in hand, bank balance, AR and AP are:

Reserves created against assets such as allowance for doubtful debts, allowance for discount on accounts receivable and allowance for discount on bills receivable are recorded:

As per the conservatism convention, charging allowance against liabilities is:

If allowance for discount on accounts payable is found in accounts, it may be written:

When account titles like rent, discount, commission and interest do NOT mention paid or received, they are considered:

Sales ledger balances are considered as:

Purchase ledger balances are considered as:

Contingent liabilities and contingent assets are:

Which of the following beginning balances will NOT appear in the Trial Balance?

Which items are included in the Trial Balance?

Which of the following appears on the debit side of the Trial Balance?

Which of the following expenses goes on the debit side of Trial Balance?

Drawings is shown on which side of the Trial Balance?

Sales return appears on the:

Prepaid expenses such as salary paid in advance are treated as:

Accrued income such as interest accrued on investment is treated as a / an:

Which of the following is recorded on the debit side of the Trial Balance?

Which combination represents debit balances of the Trial Balance?

Which of the following appears on the debit side of Trial Balance?

Cash in hand is shown on which side of the Trial Balance?

Which of the following is treated as an expense on the debit side?

Office expenses, repairs and depreciation are recorded on the:

Which of the following appears on the credit side of the Trial Balance?

Bank overdraft is shown in the Trial Balance on the:

Apprenticeship premium is treated as:

Unearned revenue such as advanced rent income is treated as a / an:

Allowance for bad and doubtful debts is shown on the:

General reserve is shown in the Trial Balance on:

Which of the following is recorded on the credit side?

Which of the following appears on the credit side?

Reserve for discount on accounts receivable is recorded on:

Purchase returns is shown on the:

Interest on bank deposit is treated as:

Which of the following is NOT a credit balance?

Which of the following errors will cause the Trial Balance NOT to agree?

Posting only one side of a transaction from journal to ledger is an error of:

Writing the debit amount of an account on the credit side of the concerned ledger account is an error of:

If a transaction is posted twice on the same side of the same account, this is detected by:

Posting Salary A/C with Tk. 20,000 and Cash A/C with Tk. 2,000 from the same journal entry is an example of:

If a ledger account is wrongly balanced, the Trial Balance will:

Transferring the debit balance to the credit column of the Trial Balance and vice versa results in disagreement equal to:

A debit balance of Tk. 130 in an account has been mistakenly recorded in the credit column of the Trial Balance. The difference between the two sides will be:

Errors in summing up the debit and credit columns of the Trial Balance:

Which of the following errors will cause the Trial Balance to disagree?

Which type of error is detected by the Trial Balance?

Cash A/C is shown with a balance of Tk. 65,000 instead of correct Tk. 75,000. This is an example of:

Even if the Trial Balance agrees, accuracy of accounts:

Errors not detected by Trial Balance are mainly classified as:

Clerical errors include all EXCEPT:

If a transaction is not at all recorded, it is called error of:

Goods sold to Shimanto Traders not recorded in sales journal and ledger is an example of:

If goods sold for Tk. 5,000 is recorded in Sales journal as Tk. 50,000, what type of error?

Goods received in cash from Kalam Traders but credited to Salam Traders A/C is an example of:

If one mistake is corrected by another mistake, it is called:

Shihab Traders A/C debited with Tk. 500 instead of Tk. 5,000 and Jamil Traders A/C credited with Tk. 500 instead of Tk. 5,000 is an example of:

Errors due to lack of proper accounting knowledge or violation of accounting principles are called:

Recording capital expenditure as revenue expenditure is an example of:

Machine purchase Tk. 50,000; wrongly purchase account debited instead of machine account is an example of:

Repair of machine Tk. 5,000; wrongly machine account debited instead of repair account is:

Furniture sold for Tk. 5,000 but Sales A/C credited is an error of:

Which error keeps both sides of the Trial Balance equal but error remains?

Furniture purchased for Tk. 45,000 — Furniture A/C debited Tk. 45,000 with no entry to credit side is:

Which combination will cause the Trial Balance to disagree and create suspense?

Goods sold to Ratan Bros for Tk. 5,000 recorded in Sales journal as Tk. 50,000. The trial balance will:

The first step in correcting an incorrect Trial Balance is to:

Which is a step in correcting an incorrect Trial Balance?

If the difference of two sides of the Trial Balance is divisible by 2, the accountant should:

Which of the following actions helps to detect errors in an incorrect Trial Balance?

After all checks, if errors still cannot be detected, the difference is placed in:

Which of the following is NOT a step in correcting an incorrect Trial Balance?

To correct an incorrect Trial Balance, balances of asset, liability and owner's equity from previous year should be checked for:

Which is checked when the Trial Balance does not agree?

Suspense Account is created when:

Suspense Account in the Trial Balance represents:

If the credit side of Trial Balance is less than the debit side, the suspense account will be shown on the:

Suspense account is a:

The suspense account is closed:

The accountant of Jafrin & Sons recorded three accounts of Tk. 3,000, Tk. 6,000 and Tk. 9,000 mistakenly on the credit side instead of debit. The suspense account amount will be:

Which of the following could be wrongly posted because paid/received was not indicated?

Until errors are detected, suspense account helps to:

In Example-1 (Mamun Traders 31 March 2025), the totals of debit and credit sides of the Trial Balance are:

From Mamun Traders, which of the following is on the credit side of Trial Balance?

From Mamun Traders, House rent expense Tk. 7,000 is shown on:

In M/S Mukta Traders, Inventory of goods (31.12.25) Tk. 19,400 will be:

In M/S Mukta Traders, Cash at Bank (1.1.25) Tk. 6,700 will:

From M/S Mukta Traders, Return inward Tk. 490 appears on:

What is the objective or purpose of preparing a trial balance?

The following will be recorded on the debit side of the trial balance —

Which one is different from the other three?

The following will be included in the trial balance —

A debit balance of Tk. 130 in an account has been mistakenly recorded in the credit column of the Trial Balance. If everything else is correct, what will be the difference between the two sides of the Trial Balance?

What does a suspense account in the trial balance express?

Furniture was sold for Tk. 5,000; the sales account was credited. What type of error occurred in this case?

Which of the following errors will still result in both sides of the trial balance being equal?

The salary account was debited with Tk. 2,000 instead of Tk. 2,500, and the sales account was credited with Tk. 4,500 instead of Tk. 5,000. What type of error is this?

The errors which will create suspense account are —

Three accounts of Tk. 3,000, Tk. 6,000 and Tk. 9,000 were posted on the credit side mistakenly. What is the amount of the suspense account?

The accountant mistakenly recorded the accounts may include —

Cost of goods sold equals:

Revenue expenditure is computed as:

Which of the following is treated as Capital Receipt rather than Revenue Income?

Which of the following is a Capital Expenditure?

In Shihab and Brothers, "Ending Inventory Tk. 12,000" will:

Drawings increases the:

Allowance for bad debt and general reserve are reserves created from:

Which formula represents Ending Owner's Equity?