Multiple Choice Questions on Trial Balance is ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Trial Balance is ........

General Accounting Principles Accounting cycles
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    Trial Balance is

    verifies the arithmetical accuracy

    Incorrect Answer

    Only a working paper

    Incorrect Answer

    Is a statement

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    “A Trial Balance is a statement, prepared with debit and credit balances of the Ledger Accounts to test the arithmetical accuracy of the books.”

    By: Munesh Kumari
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    Let's Discuss

    Rohit Garcha

    Answer requires reconsideration. Trial Balance is NOT a part of Double Entry Book Keeping - as told in the class. Please verify sir/ma'am.

    0 0 reply

    Ankur sharma

    thanks for your feedback.....Trial balance is important part of accounting cycle(accounting process), it is a working paper or statement made to check mathematical accuracy of double entry system but not a part of it.

     0 0 reply

    Vishal Tiwari

    Trial balance is not part of double entry system.

    0 0 reply
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