What is the order of appearance of accounts in a trial balance?

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Solution

The order of appearance of accounts in a trial balance is as follows:

Assets

Liabilities

Equity

Dividends

Revenues

Expenses

Also read:

MCQs on Trial Balance

Difference Between Trial Balance and Balance Sheet

How to Prepare Trial Balance

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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. Following balances appear in the Trial Balance of a firm as on 31st March, 2019:

		₹
Opening Stock:	Raw Material	80,000
	Finished Goods	1,40,000
Purchases		3,60,000
Sales		7,00,000
Returns:	Purchases	10,000
	Sales	6,000
Wages		1,30,000
Factory Expenses		90,000
Freight:	Inwards	20,000
	Outwards	30,000
At the end of the accounting period, stock was:
Raw Materials		70,000
Work-in-Process		20,000
Finished Goods		1,10,000

Prepare Trading Account of the firm.

Q. The balance of all nominal accounts appearing in the trial balance are transferred to _________.

Q. Drawing account appears in ________ column of the trial balance.

Q. Which of these accounts generally does not appears in the Trial Balance ___________.

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