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O-LevelAccountingVerification of accounting records7707/12 · May/June 2012 · Q111 Mark

What is a trial balance?

Alist of balances remaining on the books of a business at a certain date
Blist of the transactions of a business for the year
Cstatement of the assets, liabilities and capital of a business at a certain date
Dsummary showing the profit made by a business

✓ Correct answer

A: list of balances remaining on the books of a business at a certain date

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2012 Paper 1 Variant 2, question 11.

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