1) Which of the following is the correct heading for the Trial Balance? a) Trial Balance for the year ending 31st December 2022 b) Trial Balance as at 31st December 2022 c) Trial Balance for the month ending 31st December 2022 d) Trial Balance as at year ending 31stDecember 2022 2) The following balances are available in the books of D. Mwanza a trader as at 31st December, 2021. Sales 8000, Drawings 2200, Sales Returns 800, Purchases 5000, Opening stock 1000, Purchases Returns 1500and Insurance 500.Using the information above prepare the Trial Balance to find the totals a) Dr -7300, Cr 7300  b) Dr 9500, Cr 9500 c) Dr 13800, Cr 13800 d) Dr 3000, Cr 3000 3) In the trial balance the balance on the provision for Depreciation Account is a) Shown as a credit item b) Not shown, as it is part of depreciation c) Shown as a debit item d) Sometimes as a credit, sometimes as a debit. 4) Identify two items that will be entered on the debit side of the trial balance (i) drawings (ii) loan from ZANACO (iii) sales (iv) purchases a) (i)and (iii) b) (ii)and (iv) c) (i)and (iv) d) (ii)and (iii) 5) Identify two items that will be entered on the debit side of the trial balance (i) Capital (ii) Machinery (iii) sales (iv) Drawings a) (i)and (iii) b) (ii)and (iv) c) (i)and (iv) d) (ii)and (iii) 6) Using the details below, what will be the balance for the trial balance? Sales 70, Purchases 30, Debtor 45, Creditors 20, Cash at bank 15 .Using the information above prepare the Trial Balance to find the totals a) Dr 70 , Cr 70 b) Dr 90 , Cr 90 c) Dr 80 , Cr 80 d) Dr 100 , Cr 100 7) Bad debts written off are …………….. in the trial balance a) Shown as a credit item b) Not shown c) Shown as a debit item d) Sometimes as a credit, sometimes as a debit. 8) Expenses and assets are ………………… in the trial balance a) Shown as a credit item b) Sometimes as a credit, sometimes as a debit. c) Not shown d) Shown as a debit item 9) One of the following is credited in the trial balance a) Debtors  b) Purchases c) Petty cash d) Trade payables 10) Expenses and assets are ………………… in the trial balance a) Shown as a credit item b) Sometimes as a credit, sometimes as a debit. c) Not shown d) Shown as a debit item

TRIAL BALANCE: Prepare Trial Balance

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