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Question Practice

If the debit balance of cash is recorded as $1,000 instead of $1,200, what will be the effect on the trial balance?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Trial Balance and Rectificatio...
Question Bank

If the debit balance of cash i...

Single Answer MCQ
Q-00054108

If the debit balance of cash is recorded as $1,000 instead of $1,200, what will be the effect on the trial balance?

1

Debit total overstated

2

Credit total overstated

3

Debit total understated

4

No effect

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Q1.

What is the primary purpose of preparing a trial balance?

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Q2.

Which of the following should be included in a trial balance?

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Q3.

Which step is NOT part of preparing a trial balance?

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Q4.

What does a trial balance indicate if the debit and credit totals do not equal?

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