The trial balance
A trial balance lists every account balance in two columns. If the bookkeeping is right, the two columns agree.
In this room: 3 tasks, 8 questions
- Two columns3 questions
- Adding it up2 questions
- What it proves3 questions
A trial balance lists every account balance in two columns: debit and credit.
- Debit column
- assets and expenses
- Credit column
- liabilities, capital and income
Answer the questions below
2 more questions follow in this task.
If the bookkeeping is right, the two columns add up to the same total.
These questions use the bakery's balances after its first month.
Answer the questions below
1 more question follows in this task.
An agreed trial balance proves that the debits equal the credits.
It does not prove the books are right. A posting to the wrong account still balances.
Answer the questions below
2 more questions follow in this task.