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Difference of totals of both debit and credit side of trial balance is transferred to: a) Trading Account b) Suspense Account c) Difference Account d) Miscellaneous Account
The trial balance of M/S RAM & Co. shows closing stock of Rs. 30,000. It will be recorded in: a) Trading Account b) Profit and Loss Account c) Balance Sheet d) Both (a) and (c)
The preparation of trial balance is for: a) Locating errors of commission b) Locating errors of principle c) Locating clerical errors d) All of the above
Trial Balance is a: a) Statement b) Account c) Summary d) Ledger
Methods of preparation of Trial Balance are: a) Balance Method b) Total Method c) Total and Balance Method d) All of these
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