11th Principles of Accounting MCQS Chapter 11

11th Principles of Accounting MCQS
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One way of avoiding errors in the permanent accounting records is to use a form which is called
Trail balance
Work sheet
Balance sheet
Bank statement

A ______ is a large columnar sheet of paper
Worksheet
Journal
Balance sheet
None of these

The body of worksheet contains
Three pairs of money column
Four pairs of money column
Two pairs of money column
Five pairs of money column

Worksheet contains ______ pairs of money columns
Five
Two
Three
Four

In the preparation of the worksheet the amounts on the trail balance columns are taken directly from
Trail balance
Ledger
Transaction
Journal

The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the
Balance sheet columns
Bank columns
Cash columns
Income statement columns

______ must be prepaid for testing ledger accounts, adjusting entries and financial statement
Bank statement
Balance sheet
Work sheet
Trail balance

Worksheet provides complete information for preparing
Income statement
Position statement
Financial statement
Bank reconciliation statement

The ______ is not a part of the permanent accounting record
Ledger
Journal
Trail balance
worksheet

______ simplifies work to be done at the end of the period
Trail balance
Work sheet
Balance sheet
Ledger

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