The trial balance — Paper 1 · IGCSE Accounting (9-1) 0985

10 Why is a trial balance prepared? A to analyse the financial information B to assist preparation of financial statements C to control the costs of the business D to evaluate the performance of the business

1 marks

Answer: B

This question in 0985/11 May/June 2020

11 The totals of a trial balance did not agree and $200 was debited to a suspense account. On checking the books it was found that two errors had been made. 1 A sales invoice for $700 had been recorded in the sales journal as $770. 2 The sales journal had been totalled incorrectly. What was the error made in totalling the sales journal? A overcast by $130 B overcast by $200 C undercast by $130 D undercast by $200

1 marks

Answer: B

This question in 0985/12 May/June 2020

9 Which statement is not true about a trial balance? A It is a list of ledger account balances at a certain date. B It can assist in finding arithmetical errors. C It is part of the double entry system. D It is useful in preparing financial statements.

1 marks

Answer: C

This question in 0985/12 May/June 2021

10 A sales invoice for $800 was incorrectly recorded in the sales journal as $1800. How did this error affect the trial balance? A The trial balance balanced but both totals were overstated by $1000. B The trial balance balanced but both totals were understated by $1000. C The trial balance did not balance because the credits were overstated by $1000. D The trial balance did not balance because the debits were understated by $1000.

1 marks

Answer: A

This question in 0985/12 Oct/Nov 2021

8 Which statement about a trial balance is correct? A It assists in locating arithmetical errors in the book-keeping records. B It is proof that the entries in the ledger accounts are free from error. C It reveals all book-keeping errors. D It shows ledger account errors only.

1 marks

Answer: A

This question in 0985/11 May/June 2022

9 Saddique’s trial balance failed to balance. The debit column totalled $12 250 and the credit column totalled $12 200. The following errors were discovered. No entry had been made for cash sales, $150. The total of the discount received account, $50, had been omitted from the trial balance. What were the totals of the trial balance after the errors had been corrected? A $12 250 B $12 300 C $12 350 D $12 400

1 marks

Answer: D

This question in 0985/12 Oct/Nov 2022

8 A trader prepared a trial balance at 31 December. Which statement about this trial balance is correct? A It shows a summary of the financial position at 31 December. B It shows the ledger account balances at 31 December. C It shows the profit for the year ended 31 December. D It shows the transactions for the year to 31 December.

1 marks

Answer: B

This question in 0985/11 May/June 2023

7 Tahir prepared a trial balance. He entered both the balance on the discount allowed account, $900, and the bank overdraft, $750, in the wrong column. Which total of the trial balance was higher and what was the amount of the difference between the debit total and the credit total? amount of total that difference was higher $ A credit column 300 B credit column 1650 C debit column 150 D debit column 3300

1 marks

Answer: A

This question in 0985/12 May/June 2023

7 The totals of a trial balance agree. What does this mean? A All the arithmetic in the ledger is correct. B All transactions have been entered in the correct ledger accounts. C All transactions have been entered on the correct sides of the ledger. D Total debit balances equal total credit balances in the ledger.

1 marks

Answer: D

This question in 0985/12 Oct/Nov 2023

7 Which statement about a trial balance is correct? A It is a list of the ledger balances on a particular date. B It is part of the double entry system of book-keeping. C It is proof that all items have been posted to the correct accounts. D It is proof that all transactions have been entered in the books of account.

1 marks

Answer: A

This question in 0985/11 May/June 2024

8 The totals of a trial balance did not agree and $200 was debited to a suspense account. The book-keeper then checked the books and found the following two errors. 1. A sales invoice for $700 had been recorded in the sales journal as $770. 2. The sales journal had been totalled incorrectly. What error was made when the sales journal was totalled? A overcast by $130 B overcast by $200 C undercast by $130 D undercast by $200

1 marks

Answer: B

This question in 0985/12 May/June 2024

7 Which items appear on the debit side of a trial balance? 1 amounts owed from credit customers 2 discount received from credit suppliers 3 drawings made by the owner 4 overdrawn balance at the bank A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4

1 marks

Answer: B

This question in 0985/12 Oct/Nov 2024

5 At the end of her financial year, Jasmine balanced her cash book and ledger accounts and made appropriate year-end transfers. Which statements are correct? 1 The debit balance on the account of a credit customer will be shown as an asset in the statement of financial position. 2 The debit balance on the bank column in the cash book will be shown as a liability in the statement of financial position. 3 The total of the discount received account will be included in the cost of sales in the income statement. 4 The total of the general expenses account will be deducted from gross profit in the income statement. A 1, 2 and 3 B 1, 3 and 4 C 1 and 4 only D 2 and 3 only

1 marks

Answer: C

This question in 0985/11 May/June 2025

7 Which account balance will appear in the debit column of a trial balance? A carriage inwards B discounts received C provision for doubtful debts D purchases returns

1 marks

Answer: A

This question in 0985/11 May/June 2025

7 Ziningi prepared a trial balance. The total of the debit column was $225750, and the total of the credit column was $225250. What could explain the difference? A The bank overdraft of $250 was included as a debit balance. B Discount allowed of $500 was included as a debit balance. C Purchases returns for $250 were included as a credit balance. D Sales returns of $500 were included as a debit balance.

1 marks

Answer: A

This question in 0985/12 May/June 2025