The Trial Balance
Bayani Gaba-gaba
Every business records thousands of transactions, and the double entry system promises that for every debit there is an equal credit. The trial balance is the quick test of that promise. It is a single list of all the balances in the ledger on a chosen date, set out in a debit column and a credit column, and if the bookkeeping is arithmetically sound the two columns will add up to exactly the same total. It is the accountant's first health check before any financial statements are drawn up.
In this lesson you will learn what a trial balance is for, how to build one from a list of balances, and how to fix one that an inexperienced bookkeeper has put together badly. Just as importantly, you will learn what a balanced trial balance does not prove, because there are six types of error that slip straight past it. Knowing those six is a guaranteed source of exam marks and the foundation for the next topic on correcting errors.
Manufura
- the purposes and limitations of a trial balance.
- how to prepare a trial balance from a given list of balances and amend a trial balance which contains errors.
- the types of errors which do not affect the trial balance: commission, compensating, complete reversal, omission, original entry, principle.
Takardar Darasi
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Nazarin Darasi
Barka da kammala darasi akan The Trial Balance. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- Which of these accounts normally has a credit balance in the trial balance? A. Purchases B. Drawings C. Sales D. Carriage inwards Answer: C
- A trial balance that balances proves that: A. No errors have been made B. The total of the debit balances equals the total of the credit balances C. The financial statements are complete D. All transactions have been recorded Answer: B
- Motor expenses were debited to the motor vehicles account. This is an error of: A. Commission B. Omission C. Principle D. Original entry Answer: C
- Cash received from Malini was credited to Mallika's account. This is an error of: A. Principle B. Commission C. Complete reversal D. Compensating Answer: B
- A bank overdraft of $1 100 appears in the trial balance as a: A. Debit balance of $1 100 B. Credit balance of $1 100 C. Debit balance of $2 200 D. It does not appear Answer: B
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
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Yi Aikin Tambayoyin Gwaji
Kana son yin aikin tambayoyin gwaji kan The Trial Balance? Sauke manhajar Green Bridge CBT don samun tambayoyin gwaji da cikakkun jarrabawa akan wannan batu.
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