describe how accuracy in trial balance is a prime objective
for preparing the financial statements?
- 2 Answers
- 5273 Views
- I also Faced
- E-Mail Answers
Answer Posted / shalini mann
Trial Balance shows the airthmatical accuracy . if there is
any specefic kind of error occur in trial balance then
balance will nt be tally.. bt in some case(error of
ommission etc.) it'll be.
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
What is the Assets & Liabilities?
What is Accommodation Bill
What are motive behind mergers And acquisitions?
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
why do you want to work here?
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
emplementation of accounting standerds in Bangladesh, developing or copieng?
what is cnc machine hour rate? how it is calculated?
Expand---------SDRT?
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
Explain the word Liquidation
Expand-------IETF
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
Comments Elements in accounting
In SAP FICO How many ways we are Procuring the assets in the Company?
