While Scrutinizing the Trial Balance which error will catch
you eye immediately...
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Answer / kk
While Scrutinizing the trial balance if the balance of a
particular account shows opposite from its nature. That
error will catch you eyes.
For Eg : In Trial Balance Depreciation account should show
Debit Balance. If it shows credit balance then it is error.
It will catch our eyes immeditely...
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / raju
Difference between the total of debit amounts and credit
amounts. Firt we have to check total of debit amount and
credit amount
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / ashish
Well according to me if we look at this question
pragmatically, the first mistake to catch our eye would be
the casting difference, if any in the Trial Balance.
| Is This Answer Correct ? | 2 Yes | 0 No |
in trial
we are see closing stock
closing stock not a part of trial
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / suhasini modagi
Well According to me while scrutinizing the Trial Balance ,
the very first comes 2 our reference is of gross profit,
bcz Trial bal is carry on of P and L A/c .
Plz rectify the answer
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / nagireddy
Expenses and asset will show Dr balances and Liabilities
and income will show credit balances. in TB if it is shown
vice versa then we can catch error easily
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / subhash pathak(accounting worl
While Scrutinizing the trial balance if the balance of a
particular account shows opposite from its nature. That
error will catch you eyes.
For Eg : In Trial Balance Depreciation account should show
Debit Balance. If it shows credit balance then it is error.
It will catch our eyes immeditely...
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / alpesh
while such a Q. comes the eyes always first goes on the
wheather the entry is of real or personal a/c/
| Is This Answer Correct ? | 1 Yes | 1 No |
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
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