Which of the following account with normal balance is shown at the debit side of a trial balance?

Related Mcqs:

1. Which of the following account with normal balance is shown at the credit side of a trial balance?

   A. Cash account B. Bank account C. Equipment account D. Accrued expenses account...

2. Debit balance = Credit balance in a trial balance indicates that:

   A. No error in recording transactions B. No error in posting entries to ledger accounts C. Account balances are correct D. Mathematically Capital+Liabilities=Assets...

3. If debit balance is greater than creadit balance then the account blance will be__________?

   A. Credit balance B. Debit and credit balance C. Cash balance D. Debit balance...

4. If credit side of a bank account is greater than the debit side, it indicates which of the following?

   A. Bank overdraft B. Cash at bank C. Bank balance D. Current Asset...

5. If debit side of a bank account is greater than credit side it indicates which of the following?

   A. Cash at bank B. Bank understatement C. Bank overdraft D. Balance overstatement...

6. Depreciation Account appearing in the Trial Balance is shown in:

   A. Profit and Loss A/c B. Trading A/c C. Deducted from the concerned assets A/c D. Shown on the liability side...

7. If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

   A. Arithmetic accuracy B. Errors of commission C. Omissions of economic events D. Understatements of balances...

8. Based on which of the following concepts, is Share Capital Account shown on the liabilities side of a Balance Sheet?

   A. Business entity concept B. Money measurement concept C. Going concern concept D. Matching concept...

9. Closing stock appearing in the Trial Balance is shown in:

   A. Trading A/c and Balance Sheet B. Profit and Loss A/c C. Balance Sheet only D. Trading A/c only...

10. A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance.

    (a). Sales of `950 to Ram completely omitted from books of account (b). Purchases of `720 from Shyam entered in the purchases journal as `700 (c). Purchases Journal is overcast by `1,000 (d). Sales returns journal is undercast by `200 (e) Amount paid to Agarwal wrongly posted to the debit to Mittal’s account (f) Bank...