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Cambridge IGCSE Accounting practice

What does a trial balance summarize?

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MCQ

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cambridge_mcq

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Topic

The trial balance

Exam-style question

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What does a trial balance summarize?.

  1. A.Account balances
  2. B.Transaction details
  3. C.Profit and loss
  4. D.Cash flow

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Paper 2 structured question: The trial balance

Paper 2Structured Written Paper3 marks

Data Table

Account Balances

Prepare a trial balance based on the following account balances.

AccountBalance
Cash5000
Accounts Receivable3000
Accounts Payable2000
Capital6000
  1. a

    Prepare a trial balance for the company as of the specified date.

    Aim for approximately 3 distinct marking points.

    [3]