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Account M.C.Q (1 Marks)

Trial Balance · CBSE STD 11 Commerce (CBSE - English Medium). 8 questions.

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M.C.Q (1 Marks)

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8 questions · timed · auto-graded

MCQ 11 Mark
A Trial Balance shows:
  • A
    Only credit balance.
  • B
    Only debit balance.
  • ✓
    Both debit and credit balances.
  • D
    Either debit or credit balance.
Answer
Correct option: C.
Both debit and credit balances.
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MCQ 21 Mark
Trial Balance is a list of the balance of:
  • ✓
    All Accounts.
  • B
    Only Personal and Real Accounts.
  • C
    Only Real and Nominal Accounts.
  • D
    Only Personal Accounts.
Answer
Correct option: A.
All Accounts.
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MCQ 31 Mark
An Asset Account shows a $.........$ balance:
  • A
    Credit.
  • ✓
    Debit.
  • C
    Debit or Credit
  • D
    None of these.
Answer
Correct option: B.
Debit.
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MCQ 41 Mark
A Trial Balance is:
  • ✓
    A statement.
  • B
    A summary.
  • C
    An account.
  • D
    None of these.
Answer
Correct option: A.
A statement.
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MCQ 51 Mark
Which item is shown as debit balance in the Trial Balance:
  • ✓
    Cash in Hand.
  • B
    Rent Outstanding.
  • C
    Creditors.
  • D
    Bank Overdraft.
Answer
Correct option: A.
Cash in Hand.
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MCQ 61 Mark
Preparation of a Trial Balance is:
  • A
    Compulsory.
  • ✓
    Optional.
  • C
    Compulsory or Ooptional.
  • D
    None of these.
Answer
Correct option: B.
Optional.
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MCQ 71 Mark
Suspense Account is opened when:
  • A
    Balance Sheet does not match.
  • ✓
    Trial Balance does not match.
  • C
    Total of Sales Account does not agree.
  • D
    None of these.
Answer
Correct option: B.
Trial Balance does not match.
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MCQ 81 Mark
The preparation of Trial Balance helps in:
  • A
    Judging the Financial Position.
  • B
    Locating Errors of All Types.
  • ✓
    Preparation of Final Accounts.
  • D
    None of these.
Answer
Correct option: C.
Preparation of Final Accounts.
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M.C.Q (1 Marks) - Account STD 11 Commerce Questions - Vidyadip