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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is a ledger?
💡 Hint: Think about where transactions are tracked.
Question 2
Easy
How is a trial balance prepared?
💡 Hint: What happens to the debits and credits during this process?
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does a trial balance show?
- Only debits
- Only credits
- Debits and credits
💡 Hint: Which types of balances does it need to reflect?
Question 2
True or False: A ledger is the same as a trial balance.
- True
- False
💡 Hint: Think about their definitions.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You have the following account balances: Cash A/c $5,000, Sales A/c $10,000, Purchases A/c $5,000. Prepare a trial balance.
💡 Hint: Think about totaling each side.
Question 2
Analyze why an incorrect trial balance may still result in accurate financial statements.
💡 Hint: Consider how specific errors might negate each other.
Challenge and get performance evaluation