Trial Balance MCQ

Below Trial Balance quiz are Multiple Choice Questions (MCQs) type Quiz. These Trial Balance MCQ Questions helps you to refresh your Trial Balance, you can see the correct option by clicking on it. .
  • 1. Bhandari’s trial balance was showing difference of ₹ 5,000 (debit side exceeds). While checking of total sales register, he found that the total is over – cast by ₹ 2,000. After correction in sales register what would be the difference in his trial balance.

    • Debit side exceeds by ₹7,000
    • Debit side exceeds by ₹5,000
    • Debit side exceeds by ₹3,000
    • Credit side exceeds by ₹3,000
  • 2. Salaries paid ₹ 4,500 is shown in credit side of trial balance. In the total of trial balance the debit side will be short by -----------

    • Short by ₹ 4,500
    • Excess by ₹ 4,500
    • Short by ₹9,000
    • Excess by ₹ 9,000.
  • 3. Balances of the Accounts are transferred to:

    • Trial Balance
    • Trading Account
    • Profit & Loss Account
    • Balance Sheet
  • 4. Which of the following entries records the utility bill incurred but not paid from the water company?

    • Debit Utilities Expense; credit Accounts Payable
    • Debit Accounts Payable; credit Utilities Payable
    • Debit Accounts Payable; credit Cash
    • Debit Utilities Payable; credit Accounts Receivable