Accounting for AQA: Part 1: Chapter 5

Question 1

When balancing an account you should total the entries in the debit and credit money columns and write the difference between the two totals in both columns.

True

False

Question 2

When balancing an account the difference between the totals of the debit and credit money columns should be entered in the account with the description 'Balance brought down'.

True

False

Question 3

When balancing an account, after the balance has been recorded in the appropriate column the debit and credit columns are then totalled; the totals should be the same figure.

True

False

Question 4

When balancing an account, after the totals have been entered on both sides, the balance is then entered again, this time underneath the totals, but on the opposite side.

True

False

Question 5

A trial balance is a list of the balances in a double entry accounting system; it is set out in two columns, one with debit balances and the other with credit balances.

True

False

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Accounting for AQA: Part 1: Chapter 5

Page 1 of 2 - There are 10 questions in total.

Question 1 Introduction

Question 1

When balancing an account you should total the entries in the debit and credit money columns and write the difference between the two totals in both columns.

Question 2

When balancing an account the difference between the totals of the debit and credit money columns should be entered in the account with the description 'Balance brought down'.

Question 3

When balancing an account, after the balance has been recorded in the appropriate column the debit and credit columns are then totalled; the totals should be the same figure.

Question 4

When balancing an account, after the totals have been entered on both sides, the balance is then entered again, this time underneath the totals, but on the opposite side.

Question 5

A trial balance is a list of the balances in a double entry accounting system; it is set out in two columns, one with debit balances and the other with credit balances.

AAT Q2022 Books

Accounting for AQA: Part 1: Chapter 5

Page 1 of 2 - There are 10 questions in total.

Question 1 Introduction

Question 1

When balancing an account you should total the entries in the debit and credit money columns and write the difference between the two totals in both columns.

Question 2

When balancing an account the difference between the totals of the debit and credit money columns should be entered in the account with the description 'Balance brought down'.

Question 3

When balancing an account, after the balance has been recorded in the appropriate column the debit and credit columns are then totalled; the totals should be the same figure.

Question 4

When balancing an account, after the totals have been entered on both sides, the balance is then entered again, this time underneath the totals, but on the opposite side.

Question 5

A trial balance is a list of the balances in a double entry accounting system; it is set out in two columns, one with debit balances and the other with credit balances.