Trial Balance Quiz: 20 Questions for Beginners

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Think you know your Trial Balances? Put it to the test with this 20-question quiz.

This beginner-friendly accounting quiz covers the key things you need to know about Trial Balances. Learn how they’re prepared from the General Ledger, where debit and credit balances appear, and what it means when total debits equal total credits.

You’ll also work through common Trial Balance errors, including omitted transactions, wrong account classifications and transposition errors. Then we’ll finish with questions on Working Trial Balances, Adjusted Trial Balances and Post-Closing Trial Balances, plus how it all connects to the Financial Statements.

No accounting background needed. Just some basic arithmetic and an eye for detail.

Play along, keep score and let me know in the comments how many you got right!

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⏱️TIMESTAMPS
00:00 – Intro
00:17 – Q1: What is a Trial Balance?
00:48 – Q2: A Trial Balance is best described as _____.
01:20 – Q3: The account balances in a Trial Balance are usually taken from the _____.
01:43 – Q4: A Trial Balance shows account balances _____.
02:11 – Q5: What’s added to a Chart of Accounts to create a Trial Balance?
02:46 – Q6: In a Trial Balance, where are debit and credit balances shown?
03:17 – Q7: What is the main purpose of a Trial Balance?
03:52 – Q8: Which account would normally have a balance in the debit column of a Trial Balance?
04:22 – Q9: Which account would normally have a balance in the credit column of a Trial Balance?
04:54 – Q10: Which account balance would look unusual in a Trial Balance?
05:29 – Q11: Total Debits are $25,000 and Total Credits are $25,000. What does this mean?
06:01 – Q12: If a Trial Balance does not balance, this usually means _____.
06:37 – Q13: If a Trial Balance balances. Which error could still exist?
07:05 – Q14: A transaction is completely omitted from the records. How could this affect the Trial Balance?
07:39 – Q15: A $500 expense is accidentally posted to Equipment. What type of error is this?
08:12 – Q16: A $1,900 customer payment is posted as $9,100. What type of error is this?
08:41 – Q17: What is a Working Trial Balance used for?
09:16 – Q18: Which Trial Balance lists account balances after adjustments but before closing entries?
09:47 – Q19: What happens to Revenue and Expense accounts in a Post-Closing Trial Balance?
10:16 – Q20: An Adjusted Trial Balance shows Share Capital of $50,000, Retained Earnings of $10,000, Revenue of $80,000 and Expenses of $55,000. No dividends were paid. What is Total Equity on the Balance Sheet?
11:12 – Bonus Question: Total Debits on a Trial Balance are equal to Total Assets on the Balance Sheet. True or False?

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