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

Accounting Mcqs
BILAL KHATTAK0

A. It lists down the balances of accounts  
B. It lists down the balances of a balance sheet
C. It is a kind of financial statement
D. It is not a part of accounting cycle

Related Mcqs:

  1. Trial balance is prepared to check accuracy of_______________??
  2. Which of the following statements is correct about Trial Balance??
  3. Which of the following statements are / is true? – Events after Balance Sheet are??
  4. Closing stock appearing in the Trial Balance is shown in:?
  5. Arrangement of Balance Sheet in a logical order is known as __________??
  6. ________ is the common base for preparing a trial balance??
  7. Which of the following is known as the base for preparing trial balance??
  8. Debit balance = Credit balance in a trial balance indicates that:?
  9. Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date??
  10. Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be??

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