Top 25 MCQs on Trial Balance

This set of 25 multiple choice questions on trial balance is designed to help accounting students assess their understanding of key concepts.

Whether you’re preparing for an exam or just brushing up on your skills, these questions cover a range of topics to ensure you’re well-versed in trial balance.

Use this quiz to identify areas for improvement and solidify your grasp on one of the essential elements of accounting.

Total MCQs:25
Time:10 Minutes
Pass Mark:60 Percent

Top 25 MCQ – Trial Balance: Test Your Knowledge!

Top 25 MCQs on Trial Balance

Get ready to test your knowledge and reinforce your understanding of trial balance concepts. This quiz is designed to challenge you and help you master one of the fundamental aspects of accounting. Good luck, and let's get started!

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1. "Suspense account" is closed by

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2. When is the trial balance prepared?

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3. Which one is included in the trial balance?

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4. What is the effect on the trial balance if a debit entry is mistakenly recorded as a credit?

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5. Which of the following could cause a trial balance to be out of balance?

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6. Which of the following is true about a trial balance?

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7. Which of the following is not a step in preparing a trial balance?

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8. What happens if the total debits and credits in a trial balance don't match?

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9. What is the ideal balance for a trial balance?

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10. How can you identify a transposition error in a trial balance?

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11. What type of error is it when $2,000 in goods purchased from ABC International is not recorded in the purchase journal?

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12. If a trial balance is not equal, what might be the problem?

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13. What does the suspense account of trial balance indicate?

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14. The balance of an account, $109, is shown on the wrong side of the trial balance. What difference will there be if all of the other items are correct?

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15. Which of the following accounts appears on the trial balance?

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16. The installation cost of the machine is debited to the wages account, what type of error is it?

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17. A trial balance helps ensure:

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18. What type of accounts are listed in a trial balance?

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19. The purchase of stationery for $52 is recorded at $25. What type of error is this?

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20. Which one appears in the debit column of the trial balance?

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21. Which of these is not a common error that can cause a trial balance to be out of balance?

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22. What happens if a trial balance is out of balance?

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23. What is the main purpose of preparing a trial balance?

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24. Which of the following is a characteristic of a trial balance?

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25. Which of the following statements is true about a trial balance?

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