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# MCQ - Trial balance CA Foundation Notes | EduRev

## Fundamentals of Accounting for CA CPT

Created by: Srsps

## CA Foundation : MCQ - Trial balance CA Foundation Notes | EduRev

``` Page 1

CPT Chapter2, Unit-3 Fundamentals of
Accountancy
CA.S.K.Chhabra
Page 2

CPT Chapter2, Unit-3 Fundamentals of
Accountancy
CA.S.K.Chhabra
What is a
Trial balance?
It is a Statement prepared to
ensure the arithmetical accuracy
of all the accounts before the
preparation of the financial
statements
Page 3

CPT Chapter2, Unit-3 Fundamentals of
Accountancy
CA.S.K.Chhabra
What is a
Trial balance?
It is a Statement prepared to
ensure the arithmetical accuracy
of all the accounts before the
preparation of the financial
statements
Total
method
Balance
method
Total and
balance
method
Page 4

CPT Chapter2, Unit-3 Fundamentals of
Accountancy
CA.S.K.Chhabra
What is a
Trial balance?
It is a Statement prepared to
ensure the arithmetical accuracy
of all the accounts before the
preparation of the financial
statements
Total
method
Balance
method
Total and
balance
method
Under this method,
every ledger account
is totaled and the
total amount of both
debit side and credit
side is transferred to
Trial balance
Page 5

CPT Chapter2, Unit-3 Fundamentals of
Accountancy
CA.S.K.Chhabra
What is a
Trial balance?
It is a Statement prepared to
ensure the arithmetical accuracy
of all the accounts before the
preparation of the financial
statements
Total
method
Balance
method
Total and
balance
method
Under this method,
every ledger account
is totaled and the
total amount of both
debit side and credit
side is transferred to
Trial balance
Under this method
Every ledger account
is balanced and
these balances only
are carried forward
to the trial balance
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## Fundamentals of Accounting for CA CPT

39 videos|143 docs|85 tests

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