PROVINCIAL TRAINING CENTER DAVAO DE ORO

Purok 1-A Brgy. Cabidianan, Nabunturan, Davao de Oro

Email Address: ptcdavaodeoro@tesda.gov.ph
Contact No.: 0948-577-4019/0998-567-4855

Objectives/Content TEST ITEMS DISTRIBUTION Total Percent

Area/Topics numb age
KNOWLED COMPREHE APPLICAT er of
GE NSION ION items
1. Identifying what is
Trial Balance and its 1 (2) 1 (1) 2 20%
different forms.
2. Listing the asset,
liability, equity,
income and expense
1 (3) 1 (4) 1 (5) 3 30%
account titles in
accordance with Chart
of Accounts.
3. Transferring asset,
liability, equity,
income and expense
1 (9) 2 (6,7) 1 (8) 4 40%
open amounts from
the balances of
general ledger.
4. Totaling and checking
debit columns and
1 (10) 1 10%
credit columns with
100% accuracy.

TOTAL 3 4 3 10 100%

TABLE OF SPECIFICATIONS

Prepared by:

Jernalyn M. Luzano
Trainer

WRITTEN TEST
TEST I. Multiple Choices: Choose the correct answer from the given choices. Use
separate paper to write your answer.

1. What is the significance of trial balance?

a. To get the difference of the contents of ledger.
b. To sum up the ledger’s contents and to use in preparation of financial
statements and the revelation of recordkeeping errors.
c. To maintain the accuracy of the amounts and to check if the transactions in
journalizing and posting are correct.
d. B and C.

2. The trial balance of balances form is

a. Containing of amounts of debits and credits from ledger.
b. Forwarding of open balances from general ledger.
c. Containing of open balances from general ledger.
d. Forwarding of amounts of debits and credits from ledger.

1. Trial balance consists of three different parts

a. The heading, date, and total columns.
b. The heading, name of the business or owner, and accounts and two money
columns.
c. Accounts and two money columns, total columns, and the date column.
d. Accounts and two money columns, total columns, and the heading.

2. The difference between the total debit postings against the total credit postings.
a. Account balance
b. Debit balance
c. Closed balance
d. Open amount

3. Reflection of notes payable in trial balance occurs when

a. It is partially paid.
b. It is fully paid by cash.
c. It is not yet paid.
d. A or C.

6. When an error may have been made in the calculation of a ledger account balance.
What error in trial balance is this?
a. Error in posting a journal entry
b. Error in recording a transaction in the journal
c. Error in account balance
d. Error in totaling the columns

1. Accuracy of trial balance means

a. Both debit and credit sides are equaled.
b. Both amounts in debit and credit sides are equaled.
c. All amounts forwarded in trial balance are all exact since the bookkeeping
process is started.
d. A and B are both correct.

2. The credit side of loan payable is equal to the debit side in ledger book. If both
debit and credit columns is accidentally forwarded to trial balance, what possible
decision to do?
a. Exclude it in trial balance.
 b. Still include it in summation of both sides, it doesn’t matter because the
equality of both sides remains.
c. Erase the account in ledger book so that this will not be forwarded.
d. Keep the credit side; it signifies loan has been paid.

3. The most effective way to isolate an error is

a. Check for reversed digits and misplaced decimal points.
b. Work backward from the trial balance itself to the initial journal entry.
c. Make sure that the trial balance columns were summed up properly.
d. Make sure that debit and credit account balances are in the appropriate debit
and credit columns.

4. If 25,000 is recorded in account receivables instead to notes receivables. Did this

error, disregarding the accuracy, affect the trial balance? Why?
a. Yes, because it is recorded in a wrong account.
b. No, because it is still in balance and will not disturb its equality.
c. Yes, because it is not posted properly.
d. No, because it is still recorded in receivable and still remain balance.

ANSWER KEY

(Written Test)
TEST I. Multiple Choices: Choose the correct answer from the given choices. Use
separate paper to write your answer.

1. D
2. C
3. D
4. A
5. D
6. C
7. C
8. A
9. B
10. B