Trial Balance MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

Take this quick test on trial balance to help you prepare for your exams and interviews.

If you find it difficult to answer any of these multiple choice questions (MCQs), read more about trial balance first and complete the MCQ test afterward.

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1. The basic purpose of preparing a trial balance is:
2. Which of the following is correct about an agreed trial balance:
3. Which of the following is the correct sequence of the accounting cycle:
4. A trial balance prepared after taking into account the effect of adjusting entries is known as:
5. The two methods of preparing a trial balance are:
6. In addition to the arithmetical accuracy of ledger, a trial balance provides:
7. Which one of the following is the most popular method of preparing a trial balance:
8. Under the balance method, which one of the following is used to prepare the trial balance at the end of an accounting period:
9. Under the total method, which of the following is used to prepare the trial balance:
10. Which of the following errors in the journal entry will not be detected by trial balance:
11. Which of the following is placed in the credit column of the trial balance:
12. Which of the following is placed in the debit column of the trial balance:

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.