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Question Practice

What is the first step to rectify an error affecting the trial balance?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What is the first step to rect...

Single Answer MCQ
Q-00054139

What is the first step to rectify an error affecting the trial balance?

1

Re-evaluate the ledger balances

2

Identify the errors

3

Prepare a new trial balance

4

Create a suspense account

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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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