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Question Practice

If the totals in a trial balance do not match, what should be the accountant's next step?

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

If the totals in a trial balan...

Single Answer MCQ
Q-00054143

If the totals in a trial balance do not match, what should be the accountant's next step?

1

Ignore and proceed

2

Prepare financial statements anyway

3

Check for errors in the ledger

4

Close the accounts

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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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