1. The type of account with a normal credit balance is?

Correct! Wrong!

2. Which one of the following account would usually have a debit balance?

Correct! Wrong!

3. Which account has usually debit balance?

Correct! Wrong!

4. A Trial balance which shows equal totals for both debit and credit columns?

Correct! Wrong!

5. Which of the following accounts normally has credit balance?

Correct! Wrong!

6. Why does a business prepare a Trial Balance?

Correct! Wrong!

7. Is it true that the trial balance totals should agree?

Correct! Wrong!

8. The arithmetical accuracy of books of account is verified through?

Correct! Wrong!

9. Ahmed gives a cash discount of 40 to a customer. The discount is credited to the discounts allowed account. The effect of recording the discount in this way is that profit will be?

Correct! Wrong!

10. A Trial balance is a?

Correct! Wrong!

Trial Balance (1-10)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
Fail

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