Search
Question: In a trial balance, if the total of the credit side is greater than the debit side, what d..
Question: What is the effect on the trial balance if an expense of $1,000 is recorded but not posted..
Question: If the trial balance shows total debits of $50,000 and total credits of $50,000, what can ..
Question: A company has the following balances: Equipment $20,000, Accumulated Depreciation $5,000, ..
Question: If a company has a trial balance with total debits of $15,000 and total credits of $12,000..
Question: What is the total of the debit column in a trial balance if the following balances are giv..
Question: If an error is found in the trial balance, what is the first step to correct it?Options: R..
Question: What is the impact of recording depreciation on the trial balance?Options: Increases total..
Question: In a trial balance, which of the following would be classified as a liability?Options: Acc..
Question: What is the effect of a $500 error in recording a cash sale on the trial balance?Options: ..
Question: If the trial balance does not balance, which of the following could be a reason?Options: A..
Question: What is the typical outcome if an accountant fails to record an adjusting entry for accrue..
Question: Which accounting principle requires that expenses be matched with revenues in the trial ba..
Question: What is the effect of recording a purchase of inventory on credit in the trial balance?Opt..
Question: In a trial balance, which of the following accounts would typically have a credit balance?..
Question: What does a trial balance indicate if the total debits exceed total credits?Options: Net p..
Question: Which of the following is a correct format for a trial balance?Options: Account NameDebitC..
Question: If the trial balance does not balance, what is the first step an accountant should take?Op..
Question: Which accounting standard requires the use of a trial balance?Options: IFRSGAAPBoth IFRS a..
Question: What is the effect of recording depreciation on the trial balance?Options: Increase in ass..
Question: In a trial balance, which of the following accounts typically has a credit balance?Options..
Question: What should be done if a trial balance does not balance?Options: Prepare the financial sta..
Question: Which of the following is a common reason for discrepancies in a trial balance?Options: In..
Question: If a company has a trial balance with total debits of $50,000 and total credits of $48,000..
Question: How does inventory valuation affect the trial balance?Options: It only affects the balance..
Question: What is the impact of depreciation on the trial balance?Options: It increases asset balanc..
Question: Which accounting standard requires the preparation of a trial balance?Options: IFRSGAAPBot..
Question: When preparing a trial balance, which of the following is true?Options: Only asset account..
Question: What is the effect of an error in the journal entry on the trial balance?Options: It will ..
Question: What is the impact of an error in the trial balance on the financial statements?Options: N..
