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CA Foundation Trial Balance — practice questions

Explore 47 free Trial Balance questions in CA Foundation Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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Trial Balance questions and exercises with answers

Showing questions 1–30 of 47.

Match each book or statementRead the answer and worked solution →True or false: the accounting processRead the answer and worked solution →If the books follow double entry, what must be true of a trial balance?Read the answer and worked solution →Which Italian mathematician first described a technique like the trial balance in 1494?Read the answer and worked solution →A trial balance only proves the agreement of which two items?Read the answer and worked solution →In a trial balance, an account with a normal balance on the debit side isRead the answer and worked solution →Which account normally appears on the credit side of a trial balance?Read the answer and worked solution →Which of these has a normal debit balance in the trial balance?Read the answer and worked solution →Owner's drawings appear in a trial balance as aRead the answer and worked solution →A credit sale of Rs 12,500 was never recorded. The trial balance will showRead the answer and worked solution →A cash sale of Rs 6,000 was debited to Sales and credited to Cash. The trial balance willRead the answer and worked solution →Machinery bought for Rs 40,000 was debited to Purchases. This is an error ofRead the answer and worked solution →Which error is revealed when the trial balance fails to agree?Read the answer and worked solution →Which error is NOT disclosed by a trial balance?Read the answer and worked solution →A debit of Rs 2,400 was posted but its credit was not. The trial balance showsRead the answer and worked solution →Rs 800 received from a debtor was credited to his account twice, with cash debited once. The trial balance showsRead the answer and worked solution →Purchases of Rs 5,000 were debited to Purchases but credited to the supplier as Rs 500. The trial balance showsRead the answer and worked solution →The sales book was undercast by Rs 1,000, while debtors were posted correctly. The trial balance showsRead the answer and worked solution →A balance of Rs 15,000 was left out of the trial balance. If it was a debit balance, the totals showRead the answer and worked solution →Debit total is Rs 3,25,000 and credit total is Rs 3,20,000. The difference goes to the suspense account on theRead the answer and worked solution →Cash 25,000, Purchases 40,000, Rent 5,000 and Furniture 20,000 are debits. What is the trial balance total?Read the answer and worked solution →Debit total is Rs 1,20,000. Credits are Sales 45,000 and Creditors 15,000. What is Capital?Read the answer and worked solution →Debits: Stock 30,000, Debtors 22,000, Wages 8,000. Credits: Creditors 18,000, Sales 20,000. Capital isRead the answer and worked solution →A trial balance is best described as aRead the answer and worked solution →Which statements are prepared after the trial balance agrees?Read the answer and worked solution →Who usually prepares the trial balance?Read the answer and worked solution →The trial balance forms part of which system of recording?Read the answer and worked solution →The extraction of account balances from the general ledger is calledRead the answer and worked solution →Posting means recording amounts in the ledger, with debits on theRead the answer and worked solution →Books of original entry are also calledRead the answer and worked solution →

Worked practice questions

Match each book or statement

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Matching pairs
  1. Left
    Journal
    Right
    The book of original entry for transactions
  2. Left
    Ledger
    Right
    Where entries are grouped account by account
  3. Left
    Trial balance
    Right
    Totals from the ledgers, checked for balance
  4. Left
    Balance sheet
    Right
    What the business owns and owes at a date
Instructions
Tap an item on the left, then tap what it is for.
_Source: ICAI CA Foundation Accounting Ch2 Accounting Process, CHAPTER 2 ACCOUNTING PROCESS_

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True or false: the accounting process

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Questions
  1. Statement is true
    Yes
    Statement
    Every transaction has a two-fold aspect, debit and credit.
  2. Statement is true
    Yes
    Statement
    The journal is the book of original entry.
  3. Statement is true
    Yes
    Statement
    A trial balance draws its totals from the ledger accounts.
  4. Statement is true
    No
    Statement
    A transaction can be recorded with only a debit and no credit.
Instructions
Decide whether each statement about the accounting process is true or false.
_Source: ICAI CA Foundation Accounting Ch2 Accounting Process, CHAPTER 2 ACCOUNTING PROCESS_

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If the books follow double entry, what must be true of a trial balance?

  1. Debit total exceeds credit total
  2. Credit total exceeds debit total
  3. Debit total equals credit total
  4. Each account shows a debit balance
Show answer and solution

Correct answer: C. Debit total equals credit total

Every transaction has equal debits and credits, so the two column totals must agree.

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