Question

plz solve all the questions

Question 9 A trial balance usually Answer ved Marted out of 1.00 Select one Olists all the credit balances first then all the debit balances. Pag question O lists all the debit balances first, then all the credit balances. lists all the accounts and balances in financial statement order. lists all the accounts in alphabetical order. Clear my choice Previous page

Answer 1

9. Ans: Lists all the accounts and balances in financial statement order. (option 3)

A trial balance lists all the accounts as per the order: assets, liabilities, equity, dividends, revenues and expenses. hence, option 3 is the correct answer. It does not lists the accounts in debit/credit order or alphabetical order, hence, all other options are incorrect.

10 ANS: Credit side (last option)

The right side of any account is referred to as credit side. The left side is debit side and there is no such thing called positive or negative side. hence, all the other options are incorrect.

11 Ans: Determining net income (option 3)

General journal is prepared for helping to prevent and locate errors, disclosing at one place the complete effect of a transaction, providing chronological record of the transactions. All these options are the contribution towards recording process but there is no determination of net income with the help of general journal. hence, option 3 is correct choice.

12. Ans: Deferred revenue ( last option)

Cash, prepaid insurance and  salaries have normal debit balance but deferred revenue does not have a debit balance thus, last option is the correct choice.