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Financial Accounting•SHS Financial Accounting

Final accounts and the trial balance

Senior High 5 questions
AI-drafted from platform data — specialist review scheduledBy DigiTransact Mastermind editorial team
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What final accounts and the trial balance means

Trial balance, trading, profit and loss accounts and the balance sheet.

Before you start

Not confident yet? Work through Double-entry and the ledger first.

Worked example

One question from this skill's own question bank, shown with its full working.

Question

The statement that lists all ledger balances to check arithmetic accuracy is the:

  • Balance sheet
  • Trial balance
  • Cash flow
  • Journal
Answer: Trial balance

Working: A trial balance lists debit and credit balances to confirm they agree.

Curriculum and exam alignment

Ghana GES SHS syllabusWASSCE

Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.

Related skills

Other SHS Financial Accounting skills in Financial Accounting, at the same point in the course.

Other Financial Accounting topics

SHS Cash Book & Bank ReconciliationWASSCE Past QuestionsUniversity AccountingPartnership & Company Accounts

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Exams that assess final accounts and the trial balance

Senior High work on this skill feeds directly into these exam papers. Each page lists the Financial Accounting topics that appear on it.

WASSCEWASSCE practice questionsFree WASSCE practice across the subjects at this stage, with worked answers.GESGES practice questionsFree GES practice across the subjects at this stage, with worked answers.ACCAACCA practice questionsListed as a related subject on the ACCA practice page.

How this page was produced

This text was drafted with AI assistance from the questions and topics already stored on the platform. A subject-specialist review is scheduled but has not yet been recorded, so we do not claim it here.

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All Financial Accounting skills

Practise final accounts and the trial balance

5 questions with a worked answer after every attempt, and a SmartScore that tracks how close you are to mastery.

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