A trial balance is generally prepared at the end of each _________.

month

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half year

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financial year

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quarter

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Solution

The correct option is C financial year
Trial Balance must be prepared at the end of a financial year after accounts have been closed. But it can be prepared monthly or at any other time to have arithmetical check. The only condition is that the accounts must be balanced in order to draw a trial balance.

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Similar questions

Q. A trial balance is prepared to ________.

Q. A Trial balance may be prepared on any day, date.

State true or false:

1) A Trial balance is an account.
2) A Trial balance is helpful for preparation of final accounts.
3) A Trial balance is most important document.
4) A Trial balance may be prepared on any date.
5) In Trial balance opening stock is recorded in credit balance column.
6) Both sides total of an account are taken in Gross Trial Balance.
7) Purchase account always shows debit balance.
8) A Trial balance is a List of Ledger balances.
9) A Trial balance does not ensure accounting accuracy.
10) A Trial balance shows only arithmetical accuracy.

Q. Prepare a Trial Balance from the following items:


	₹		₹
Capital	24,000	Building	12,000
Opening Stock	8,500	Returns Inward	1,900
Furniture	2,600	Returns Outward	350
Purchases	8,950	Trade Expenses	1,000
Cash	7,300	Discount Received	970
Carriage	300	Salary	3,000
Sales	22,500	Office Rent	2,270

Q. A Trial balance is helpful for preparation of final account.

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