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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
even if trial balance matches there could be error explain?
 Question Submitted By :: Srinivas
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  Re: even if trial balance matches there could be error explain?
Answer
# 1
Even if Trail balanced tallies ther could be scope for 
errors . trail balance helps us to know the arthimatical 
accuaracy of the books of accounts. There is every scope 
for Errors of principle,Errors of commission Compensating 
errors those can be detected only thru thorough audit
 
Is This Answer Correct ?    1 Yes 1 No
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