Multiple Choice
Trial balance is not a conclusive proof of accuracy due to which errors.
I.Error of omission
II.Error of Principle
III.Error of Commission
IV.Compensatory Errors
A) All I,II,III and IV
B) Only I,II and III
C) Only I,II and IV
D) Only II and III
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: The elements of the accounting equation are<br>A)Assets,
Q10: When Salary is paid by cheque, which
Q11: According to which principle the same accounting
Q12: When proprietor withdrew cash from business for
Q13: 4 oct Opening balance=500 units @Rs 20
Q15: In trial balance, which accounts with is/are
Q16: If closing stock is mentioned in trial
Q17: What are the two statements prepared for
Q18: Where do we show Provision of bad
Q19: Goods destroyed by fire should be credited