Multiple Choice
Trial balance will detect
A) Errors of commission
B) Errors of omission
C) Errors of principle
D) Compensating errors
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: Cost of goods sold plus selling expenses
Q21: Gross assets - liabilities will be equal
Q22: In accounting only _ discount is recorded<br>A)Trade<br>B)Cash<br>C)Real<br>D)None
Q23: Double entry system was propounded by<br>A)Chanakya<br>B)Lee<br>C)Confucius<br>D)Luca Pacioli
Q24: Discount on issue of share is<br>A)Capital loss<br>B)Revenue
Q26: Credit note is sent by<br>A)Seller<br>B)Customer<br>C)Buyer<br>D)Borrower
Q27: Asset which reduce is value, on use,
Q28: Petty cash book is prepaid under _
Q29: Debit note is prepared in connection with<br>A)Sales
Q30: Sale of grass in the case of